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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When did you get your offer?

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It came in Sunday. I accepted it Sunday night got the approval today and it says money will be in my account by the 10th. And for those wondering I never linked my account either in the 7 years with square

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Great news! I hope to see more news like this!

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are you the the 100,000 level?

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Hmm not sure if your asking about monthly or annually? 100k a year plus

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I just got mine at 83% on Sunday evening 🥳 I’m so happy, square is the best!! I’m not even going to stress about it next time. I hope you get yours soon!

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Well the mystery is solved I suppose. Last JULY square asked me for information on one of our customers and I gave them the information they requested, told me my account was great but that ONE particular customer had a 60k limit. When I asked about the limit they told me in 90 days the limit would fall off if there wasn’t an issue. I asked them if it would affect my eligibility a bunch of times and they told me absolutely not and that my account was in good standing. 

SQUARE you lied to me. You lied to me for EIGHT months straight. You told me to continue processing and that my account was in good standing for EIGHT MONTHS and it really was not. You stole from me, essentially. I operated with you as my processor under false pretenses and you kept collecting processing fees. My customer has not done any sort of charge back. They are still our customers. 

Square you told me that the limit would fall off. You told me to keep processing and that my account was in good standing. The entire time you kept from me that the limit on one of my hundreds of customers has been keeping me from eligibility with one of the perks of having square. You stole that opportunity from me with lies on the countless times I’ve contacted you. 

I will be calling to figure out what I can do to get this limit taken off my account. I have never had one charge back. I have never had one dispute. I have hundreds of happy customers. The limitations page says you will review my account to determine if the limit needs adjusted or released. How long does that take? It has been EIGHT MONTHS since you requested this information from me. EIGHT MONTHS with no issues and YEARS of service and loyalty from my business. I’m disgusted. You lied to me. 

 

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I've just fallen into your circumstance today with MY BEST CUSTOMER who has signed a doc saying he will not cancel charges. I let him use Amex for large purchases so he can get points. I have been on phone with Square all day to remove that "limit" Also I activated my Stripe virtual terminal. Pretty sure I have processed my LAST transaction with CHICKEN **bleep** Square 

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Did they tell you that the limit could be removed somehow? I provided 3 months of statements to square at the time and they told me everything was great. My account was in good standing and the limit would fall off after 90 days. July is our busiest time of year so my one particular customer has not come near the limit since that time frame. Square also told me to take paper checks from them if I hit the limit. I thought it was odd. They’ve lied to me for eight months. I have been stressing over nothing bc that was the problem all along. I begged square to tell me what was wrong with my account and they repeatedly said nothing. Nothing except this was kicking me out of eligibility silently when they told be it wouldn’t affect me. I’m disgusted, truly. 

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@GlitzyCow does it say anything new on your dashboard about the payment limits or reserve? I noticed mine updated to include them.

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Yes. That is how I know it is the payment limit of 60k per calendar quarter they put on my ONE customer last July. It has never been there before today to let me know why I wasn’t getting an offer. 

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All I can say is all these NEW hurdles prove my point exactly THERE WILL BE NO LOAN PROGRAM - it’s funny when it starter it was processing volume now it is a double edge sword if you grow your volume there is another roadblock in place - they have til Monday morning it have an offer in my dashboard or I’m stating with Stripe virtual terminal 

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All they told me today was that the payment limit on 1 card of a customer would be in place now until Sept - BUT he COULD use that card up to $180k ???? All of this makes not a bit of sense - again it is NOTHING but a tactic to NOT lend - so stupid - anyway I gave them until Monday morning to (one more chance) to have an offer on my dashboard - I have 3 cards / orders to run one for $14858.00 one for $8630 and one for $566.90 - I’m waiting to see - if there is no offer I’m using stripe virtual terminal and Square has decided to THROW AWAY $78k in processing fees - but NO I’m afraid this one will be hard to Overcome this “payment limit” bull**bleep** - you cannot even remove the card from your information 

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I feel so bad for you - these frickin VIPERS at Square are truly terrible human beings - I hope it works for you but again for me I have now processed my last Square transaction

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I just got a pre-approval offer on a loan after jumping from 70% paid off to 76% in a week…The offer is about 25% higher then my current loan I am paying on! I usually do not post on here just lurk and read but saying how so many are losing hope I figured I would chime in! I am currently on my 17th loan with Square since 2016. 
My business is retail of collectibles and toys

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Congrats! I also have a nerd store and waiting for a renewal. Currently at 88% paid with an extensive history... hoping to hear something soon.

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You don’t normally post here ?? Why now -because Square asked you too?? your story is 1 in a million today - glad they helped you - I’m taking my business  to Stripe - becareful with Square is all I can tell you - don’t get used to used to offers they are desperately cutting back and making up reasons to NOT give them  - congrats anyway 

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Congratulations!  I do not normally post too much here either, but I do follow so I know how things are going when my turn comes.     Nothing has changed for me.  Always get 2-3 loans a year during my busiest processing times.    My expierence on how MY loan offers work is when I am processing a certain amount over my average is when I get the offer.  Every busy is different.   Congrats again! 

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Square Champion

My last was last I believe 81% -84% paid off which was better than 91%. I honestly didn't think it would come that soon going off of others comments. I had an extremely busy Thursday, Friday and Saturday (I'm retail furniture store) and around 7pm Saturday I received my offer and I updated Monday to approved and deposited. I think those 3 days of above normal credit card charges kicked it in. Good luck to you and I hope you have a great 2024!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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Update on my offer, after going to review and was asked 1 question regarding my 2nd/remote location. My application has been denied. First time in my history with square this has happened and I am pretty upset about it. When trying to contact them as always getting the run around…

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How much was the loan for? I know if it’s above a certain amount the run credit checks. Idk if it’s that for sure but the location might not be the only reason. 

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