I'm at 71% and usually see a offer by now (between 65%-70&).
Posted 06-01-2023
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.
Just got an offer yesterday at 71% paid off. I submitted my application yesterday and today they emailed me saying they needed additional information. I went through the steps and I guess they needed my drivers license and social. I was not able to input my information because it said that I already submitted it .This is my fourth loan with Square and I am confused why they need that information now? Not sure if anyone else has gone through this but any feedback would help.
I've been with square since 2014 and was asked about a year ago and the same thing happened. It went through with no problem! It was just auto generated if they have it and you couldn't add it again I wouldn't stress about it. Congrats!
Just received an offer a little bit larger than my last one and I was at 69% paid just submitted application. Fingers crossed. I will get it approved!!!!!
Nice! Congrats! I'm at 73% waiting patiently!
79% and getting close to 80%! Here's hoping!
my offers have been very random. They used to come at 50% my fourth loan came at 76% and the one I got yesterday was at 69% paid but the day before I did process a lot of transactions I don’t know if that had anything to do with it but I pretty much paid almost $1000 in one day
I’m on my third loan awaiting 4th. My last one also came a day after processing a higher amount of cc sales than usual and was 80% paid off at that time
I am sure it did, every loan offer i got( about 10) was after super busy days when unusually high amount of transactions were processed along with volume, never in a slow week.
I am at 81% and ready for a loan, I know better months are coming but would really appreciate it asap. Keeping fingers crossed
I have been patiently waiting for a loan. I am at 85% all green and still nothing
Now 82%…
85% I think by the end of December I would be at 100% I hope I don’t have to wait that long…. I could really use the loan to make several payments and have a big payback month aswell
never waited this long 😅🥺🥲
Ugh, unfortunately, my last loan I was 91% paid off in June and received my last loan. Yes, they are still lending you can scroll down and see people post everyday that they just received their loan. It's hard to tell the percentage because it is trending to a higher percentage paid off for most but not all. Last week a few jumped on in their 70s and received a loan offer. I'm at 68% or a tad higher now, on my last loan from June. Good luck, please keep everyone updated it helps to keep others encouraged.
I’m at 89% and yes it seems like the payoff percentages are a lil higher than usual.But like you said we have to keep one another encouraged aswell as ourselves.thank you
Was approved following morning and funds were in my account on Thursday...
Did you connect your bank account prior to new loan?
No, I never did that, and I would not do that.
We were 100% paid off today and got an offer that was bigger then our last we decided to take less then was offered to have a lower pay back rate… we hope by saving 8.5 % of each transaction will be a little softer of a pay back.
Great news, did you take half of want they offered? The 18.9 % I pay per transaction is very high. I am at 89% probably be at 94/95 by next Monday
Congratulations!!!!
Just got an offer at 72% paid . 5k more then last loan , instant deposit 5 mins after applying.
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