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. 

[GlitzyCow]

You said you’d never get one again making everyone here believe they quit lending and planned on switching, yet here you are complaining you got one but it’s not enough. I’d love to get an offer I’ve been paid for over 4 months! 

[Pecard81]

I think a lot of us have said things because there is no clarity on when and how much we may get.   I am at 89% today and have considered both sides, should I take it if I receive it or should I buckle down and safe the close to 5k I pay back a week…I can tell you if I receive a offer today I would take it 😂

[Pecard81]

What % paid off where you at when you received your new offer ?

[ClareJ]

You will get it trust me. They just sent an approval email and I just completed the application a few minutes ago. I don’t have a lot of credit so please don’t worry. You’ll get it! 

[Pecard81]

What % were you at? 

[ClareJ]

I was at 87%

[Jen14]

When do your offer typically come, What percentage?

[ClareJ]

My offers typically come at 76%- 85%. Also around every 6 months

[Jen14]

Yeah mine usually come around 75%….I’m at 93%….Thanks for the insight. 

[lisap1970]

Thank you for all the support and being so nice. That helps a lot. 

[ClareJ]

You’re welcome! Let us know, when you get yours!

[KatieB22]

Hello! I’m so thankful for square loans! I have always had a new offer at 70% and was curious if anyone is getting new offers? Really hoping to get one before the holidays!!

[VanKalkerFarms]

Every day over 1,300 loans are offered by Square on average so there are tons of new loans daily.

I think one of the biggest issues Square has set itself up for disappointment is that it started offering loans before the others were paid back.   People expect a loan offered at 75% and then get mad and say how bad Square is because they haven't gotten one (not saying you just the dozens and dozens of posts and comments I've seen)

[Twpchair]

You are 💯 correct! The majority are coming in with a higher percentage paid off or fully paid off. 

[TrendzbyM]

I'm almost to 70% paid off and I can't remember other percentages off hand but I'm hoping I get an offer soon!

[Twpchair]

Yes, there's a few in the 70's that received them but on the whole it's been a higher percentage paid off or completely paid. I use to average in the 70s my last one was 91% paid off. Good luck and keep plugging along!

[Pecard81]

When was this? That you got the offer?

[Twpchair]

I received my last loan in June. If you scroll down through the posts you'll see all the comments and what percentage they were at when their new offer came in. 

[TrendzbyM]

I am moving to a new location in 3 weeks so I Reallly need it!

[Pecard81]

Any news on people getting loans? Iam at 78% and hopefully close to a new one.   It’s would go a long long way to help!   I would like to here positive news 😀

[Oxbow]

YES! At 66% paid loan #12 got an 25% higher than last offer. 1 day in review and approved. Payback is at 20% of sales.

Im happy!!!