Has anyone received a loan offer in 2023?

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

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Re: Has anyone received a loan offer in 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. 

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Was this today?

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Yes at about 4:00 . Literally had the $ in 5 mins . I had a pretty big day today . 

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We are paid in full still nothing….. it’s a total bummer the square loans are what keep me using square we could absolutely use a new offer to grow another side of our business 

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Wow we never had to wait this long as well we are at 93% and still nothing hope you get yours soon

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Square Champion

Congratulations!!!! 

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I’m at 62% right now, this would be a 6th loan. All of them of always paid off early with double the minimum paid off each time. I’ve been with Square coming up 5 years now, but I’ve had some issues with them the last year and to dates with their system crashing during my working day multiple times. I’m considering switching sales systems, but their loans are helpful. The last loan was less prior to this one which was strange since my sales are higher. Last time I had to wait until I was 93% paid off. It usually ranges from 75%-90%. I just hope I don’t have to wait too long or I hope I get another offer soon. Good luck!

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Square Champion

My last loan was at 91% paid off and that was my highest percentage yet paid off since 2014. I usually average 70-75/76%. Good luck to you and keep plugging along! Many people posted last week they received new offers. If you scroll down you can see all their info they posted!

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Loans are bouncing all around from higher to lower with increase sales and all factors in the green.  It's so hard to figure it out till it comes. Good luck and keep everyone posted! 

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1 loan was in early 2023 and the 2nd offer came in 80% into loan. Paid 2nd in full. Was offered a much smaller 3rd. It was paid off 10 days ago and no offer in sight. Processing way up, all markers good and yet nothing. Seems like many folks in the same page. I don’t like the uncertainty.

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I agree. I don’t like the uncertainty either. I am on my 8th loan, paying way ahead of schedule, and all green markers. Took this most recent loan in Feb so we have paid 83% in 6 months. Total balance was $33,619. As of today owe $5500 still. Never had any chargebacks or disputes. My 60 day pay period ended today and I had hoped to see a loan offer but instead just got my next minimum due Feb 12, 2024. Has anyone noticed that loan offers

come as soon as the pay period ends or has anyone been offered a new loan with a minimum payment due? Because if they’re gonna wait until February my loan will be paid off by then. Just trying to understand this algorithm because it makes no sense whatsoever. 

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The next payment date has nothing to do with a loan offer, as long as you are on track you can get an offer anytime.  Good luck!

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Beyond frustrated. Been with Square for close to 8 years now. Never had any issues at all. Always had a great relationship with no charge backs or refunds. Had 7 previous loans all paid off very early. Record sales 7 years in a row now (Same for this year) current loan from March of 23 is %75 paid off, all green and no new offer to speak of. We’ve never waited this long for a new offer and been doing so well in processing and sales. The algorithm just doesn’t make since at all! Something has clearly changed! 

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I am on my 6th loan and got it march 10, I am at 90% so we are doing about the same.  Hope we both get a offer soon 

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Agree something has changed.  

 

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i've received so much junk email from square in the past week but no offer...

has anyone heard of anyone received an offer in November/December?

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Community Team

Hi @PsyD!

Appreciate you taking the time to post.

 

I will be following up with you via email.

 

Please contact us directly, our Square Loans line is open between 8am-5pm PT Monday-Friday if you want to give us a call.

Kacey
Square Loans Team
Sign in and click Mark as Best Answer if my reply answers your question.

Square, the Square logo, Square Financial Services, Square Capital, and others are trademarks of Square, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Square, Inc. All loans are issued by Square Financial Services, Inc. a Utah-Chartered Industrial Bank. Member FDIC. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. All loans are subject to credit approval.
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Yes, if you scroll down through the thread they posted when and most posted how long it took to get to their bank account and if they connected their banks etc. Last week seemed a little slow but the prior week there were quite a few people that commented. I always try remember just because I come on here and others but over the million people/businesses don't so we don't see or know how many loans are going out everyday. Usually,  Val Farms post every couple of weeks how many loans, the average loan, and the increased numbers over the years. Good luck to you! 

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Just received an offer it’s for 1/3 my last loan. I’ll let you all know how long till I get a answer, I do not have my bank account linked my other 6 offers had been steadily going up 

“Thanks for your application

We’ll review your application for $$$$. We’ll be in touch in 1–3 business days.”

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It was about time Pecard81, patience is a virtue

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I agree!

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Well, I did finally receive a very low offer loan. However, it is normally approved right away and still waiting for approval??? I will let you know what happens. Definitely not what they used to be . Maybe 1/2 the amount in loans past 

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