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. 

[lisap1970]

Congratulations. Was ur bank account connected ? I haven’t connected mine . 

[Tjl87]

Just got an offer - 63% paid off and more than double our previous loan. They’re definitely coming!

[Dfmattress]

I'm starting to not believe square when they say they don't look into the business owners personal credit history because my personal credit has taken a turn for the worse in the past 3-4 months and now I haven't been offered a square loan after being offered and paid in full on 4 other square loans. I do $120k-$150k a year through square alone so I know that's more than enough to qualify and when all of the metrics are green for months, it's hard to believe they aren't looking at personal credit. My current has been paid off going on 2 months now and still no new offer. Odd all the other offers came well before paying my last loans off, now there's absolutely nothing. I find it hard to believe square isn't looking at credit when that's the only circumstance that has changed in my situation. I'm actually processing more now than ever. 

[HTB44]

Has anyone gotten a loan later in the day AFTER the system has said “updated 10/19/2023 at 12:59pm”? 

[eatMoroccan3119]

I have gotten loans at 5pm before.

[pawsperrydise]

92% paid was finally offered but for 1/2 of what last one was.

[eatMoroccan3119]

ikes, but at least you got something to work with!

[Elsospetto]

I’m 100% paid off since about 2 months ago and have always paid mine off early. Plus I’m always in the green on all factors. Despite all this I have no new offers. It is beyond frustrating. 

[Bdempfit]

Did you ever get a new offer? I’m in the same boat 

[VanKalkerFarms]

Great news on Square loans for Q3 2023.  Even bigger and better and more loans than ever before.  11/2 had Square's quarterly results and Square loans was a big star.

Square Loans facilitated approximately 120,000 loans totaling $1.17 billion in originations, up 4% year over year.  Even in tougher financial times Square is still powering ahead and growing rather than reducing the number of loans.

Yes not everyone gets loans and not everyone gets loans offered at 68%, 75%, or 91%, but on average, almost 1,400 happen every single day.  So there are lots of people out there happy with a loan.  for every 2 people that post here a day they didn't get one 1,400 people didn't come on here to post they did, so you just have to remember that just cause 2 or 4 people said today they didn't get a new offer over 1,000 did start a new loan today.

[GlitzyCow]

Why can’t it be me 😞

I passed my three months paid off in full after a 5 week repayment, yesterday. Sad face. 

[pinkcottonco]

Has any one received an offer later in the day after the eligibility has updated? Also have you always gotten offers on the same day of the week? Mine usually updates between 1 and 3pm EST, the last 2 loans I was offered were random on Saturday nights. A friend of mine just got an offer at 42% paid back. We do about the same processing and $ wise. I'm at 52% paid, and my CC processing has doubled since the week prior, with new customers as well. Everything is green on my eligibility screen.  

[Twpchair]

I've been with square since 2014 and yes, I've received mine before at 10pm on a weekend and randomly throughout the day as well. 

[NRVGuru]

We're getting real close to 79% paid now! Good to see people finally getting offers. I'm wondering if they were waiting for 4th quarter to roll around and start sending stuff out. Square knows how important these funds can be to give holiday business an extra kick.

Do wish they'd reply with info beyond the usual cue cards though.

[Pecard81]

I hope 79-80% is a good number for us.  I am to at 80%.  

[BulbaGore]

This is my TWELFTH loan through square and I’ve never waited this long for a new offer. I know that it’s mysterious and not guaranteed or whatever but for it being like clockwork all these years and to suddenly change; I can’t pretend I wasn’t counting on it. I feel like Clarke Griswald not getting his Christmas bonus. Where’s the Tylenol? 😭 (I’m at 76%, for those tracking that kind of thing. Always way ahead of schedule with payments) 

[Twpchair]

I've been with square since 2014 and all my loans average around 70-78% my last loan I was at 91% paid off. Unfortunately,  there really is no rhyme on rhythm when you're next offer hits. Just keep plugging along. Good luck, I hope it comes soon for you!

[Cafe290w]

I’m at 96% now still don't see any offer. 

[Twpchair]

I was at 91% paid off prior to my last one. Ugh, just keep plugging along. Good luck to you!

[Prov]

is anyone recieving new offers ? 

i’m 76% paid off on my current loan - and hoping for a new offer soon 🤞

im seeing a lot of small businesses have fully paid off their current loans before seeing a new offer - what has been your recent experience with recieving offers ?

[Candlestore]

@Prov ;

Think I got a new offer at over 90% paid off and I wasahead of schedule.  Entire loan was paid off in under a year.