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. 

[TrendzbyM]

I just received my offer at 80% paid off. Was little less than normal but I'm so happy and the terms are the same as usual. 20% payback. Waiting for final approval but otherwise easy application!

[ashleymedina]

There was a time with square that the first offer was the lowest offer. The more you accepted I'm cards the higher the offer went. Have you heard from anyone else if that's what's happening again? I called and asked but they have no answers. 

[Twpchair]

I'm seeing a mix of a tad higher or I've seen others 1/4 less than previous offers. It seems to be jumping around. 

[Pecard81]

Was that today?

[FirstLook]

Congrats! We're getting closer to 60% now and usually get one between 60-70%, so hoping that continues. 

If you don't mind me asking, what percentage of your sales was your loan? It seems like they can be all over the place, so just curious. No worries if you don't want to share! 

[Jjbeautyco]

How’s everyone doing? Forum seems Alittle quiet the last few days lol I’m only at 46% so I know I probably have a couple weeks before expecting a possible new offer… also waiting on 1099 this week 🙏🏼

[GlitzyCow]

Terrible. Some square supervisor keeps sending me the eligibility robot response on repeat when I keep asking “what changed”. Legit don’t even answer the question I asked. Just hits copy paste send. Repeat. Over 5 months paid. No explanation. Just nothing. 

[Jjbeautyco]

Ugh still?  That seems obnoxiously long to get nothing offered and so frustrating!!!! 

[AllenAm11]

I’ve posted a couple times in the past month. I had always received a loan offer at or around 70%. My current loan was $29,400. I had continued to pay the loan down without an offer. I was at 91% today and received a low ball loan offer of $11,050. I only had around $2700 on the existing loan. The payback percentage was a lot smaller. My sales were down about 10% from last year, as we started closing on Mondays. I was shocked the loan offer was that much smaller. 

[Crosstimberkoi]

So glad you got an offer.  It's sad that it's smaller but hopefully it could still be useful.  Still waiting here.  I've given up on Square offers.  

[MN07]

Hello, normally at 69-76% I would get another loan offer, I am at 74% when will square offer another loan? Thank you.

[frances_a]

Hello @MN07

I went ahead and merged your question to an existing thread here in the Community, where other sellers have asked a similar question and best answers have been provided. 

Thank you ✨

[danengine2004]

I’m 4 Days PAST being 100% paid off - I would not think you will get an offer 

[ianssoph]

@danengine2004 how long did it take last time before you received a new offer?

[danengine2004]

14 DAYS

[BIGK]

I just received my 7th loan offer after being 66% paid off on a small $8k loan. We have been with Square since April of 2021 and have usually received new offers after being around 50%-70% paid. There was only one time where we went 2 whole months after paying a loan off fully until we received another offer. 

[Jjbeautyco]

That’s awesome!!!   Was the new loan a significant increase from the 8k? 

[BIGK]

It went up $14k! I own a food truck and process around $200k a year so we are just a small business. I can’t speak on bigger businesses and their experiences but I hope everyone gets their offer soon!

[Jjbeautyco]

I’m a small business as well bringing in around the same   Mine seem to double as  well.  My last one was 16.5k I’m only at 52% PO so not too close yet.  Thank you for your update 

[Twpchair]

Congratulations! Thank you for your feedback! It helps others to stay encouraged!

[ianssoph]

Just wanted to let everyone know I just received an offer at 79% paid for $40k