Has anyone received a loan offer in 2023?

[Blackbear579]

I'm at 71% and usually see a offer by now (between 65%-70&).

[#2]

I'm where you are at (minus the actual loan offer part.) Sale are up about 60% over a year ago and processing is up about 65%.  All the other things are in the green.

I think most people's frustrations are that it's just not transparent and there isn't a clear goal to strive for. It is also disheartening to just be told the same quotes over and over. It comes across as uncaring and impersonal. Which if that's the case is fine, that should be conveyed to clear up misconceptions and so people don't get their hopes up. It would also come across as more professional to state those things (economy and such) from Square itself. It would let people know where they stand and can make appropriate decisions. 

[Hairplaysalon20]

I received an offer yesterday evening and was approved this afternoon. funds available within 3 days. loan offer was slightly lower but still acceptable. do not give up on square offers, they are still coming through. my loan was 85% paid this time, usually its been from 45% to 74%.

[Jjbeautyco]

This of giving me hope. I personal don’t get offers after 5:00  so hoping maybe later or tomorrow 

[Hairplaysalon20]

my dashboard  always updates around 330p but my offer came through at 8p, but the last few days it hadn't updated , until the offer came through

[brown17]

This is good information.   I think you get a general update once a day but if you hit the "credentials" after or before it automatically goes through.    Personally reading some ocomments on here stress me out.   no one can figure out the system.   I called a few months ago when the bank thing popped up and again yesterday as I was nervous that it would affect my eligibility since I did not connect my bank.     IT Does NOT affect your eligibility.   68% and waiting.   I usually see anywhere between 65% & 80%.   

[danengine2004]

I’m at 95% now always got offer between 83-86% still believe these people saying they got offers is really square people just saying it - fact is when this 5% completed - no offer then I’m going elseware and square will lose 2.3% of $3m per year 

[GlitzyCow]

My last was June 14th. PD before my first installment due. It was 1/3 less than the one I was at 92% repayment with. I’ve been paid for two weeks. Square sent me a message today after I did a review on trust pilot. Basically says the same generic bs as the eligibility page. I’m looking at other options I just liked square and recommended it for so long I’m still a little in shock they don’t care if they lose my loyalty. I still think every day that today might be the day. Idk any more. I used to get offers between 8-9pm cst weekdays and noonish on the weekends but the last one came around 430 cst. something def changed. 

[photoguy2019]

hopefully i can get lucky in the 40’s im currently at 33%, my usual range be 76-92% 

[lisap1970]

Has anyone received an offer in the last few days ? Since the outage. 

[Mtc12]

Yes, I received a offer yesterday. Was 66% paid off. Just waiting for approval. 

[lisap1970]

I’m at 80% and nothing. I’ve always gotten one by 60-75%.

[Koleen1234]

I know I seem to always get an off at around the same percentage- but nothing. 

[Kaspitzer26]

Sounds about the same situation as us. We received ours Sunday too and we were around 66-68% paid off (I can’t remember lol). Did you receive your approval yet?

[Mtc12]

Haven’t received approval yet. Our first loan, we received approval within two business days. Our second loan, we received approval the following day. This will potentially be our third loan with square. Hopefully it comes thru today. 

[Koleen1234]

What was the percentage Liam repayment were you at when you got an offer 

[pinkcottonco]

On a Sunday? I'm at 68% and hoping for one! What time did your offer come through that day?

[Kaspitzer26]

We received a loan Sunday night, we applied for it last night and received the approval less than 20 mins later and already have the funds in our account today (and we don’t have our checking with Square). 

I was honestly surprised, we do run over $100k but it’s been slower lately and our current loan was only like 66-68% paid off. Granted once we have received an offer at exactly 50% paid off, but lately they seemed to be giving them later. But also it seems like people aren’t getting them often anymore. I was also surprised to see that people get denied after receiving an offer. I know it’s only a “pre-approval” but still most of us have had numerous loans and so they know who they are offering them to for the most part. 

Anyways, I just wanted to answer your question to give out some hope hopefully! 

[TaylorA92]

How was the loan amount compared to previous? 

[featherbae]

I’m at 76% and I believe I saw my last one at 65% . I am about to move to a new location and could REALLY use some

extra flow for holiday inventory and equipment in my space. I appreciated the last 2 so much and my business was able to grow. Hoping square comes through!!🤞✨

[Twpchair]

My range used to be around 70-76/78% my last one was 91% paid off. Hold on and keep processing!

[Jjpainting]

Yeah it’s just totally random. I’m on my third loan. I didn’t get an offer for a second loan until my first was 100% paid. Which took about a month to do.  First loan was like $2500. Second was $7200. Third loan off came when I was at 79% paid off and was $8500. Right now I’m only 50% paid off on my current loan, so I’m still around a month away from even being considered.  

I would like to know what other people’s loan amounts are in relation to card processing sales. I’ve only been with square one year. Around 70% of my sales are through cards and so far this year (January through October) I’m at around $125k in card processing. 

[Pecard81]

My last two are about 13% of my total credit card sales.   And paying back in about 9 months.