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.
I noticed this week a couple of times it’s updated weird. They told me that tons of applications are coming in for capital so I’m guessing they maybe weren’t sending as many and now are starting to push them out.
I’m at 84%, no new offer.
I know square checks eligibility every day (mine is usually around anytime between 1-3pm) and mine has not been checked since June 12th at 1:27pm.
Not sure if you knew what I meant by eligibility, I know some people are waiting longer for approval for loan offers. My eligibility to even be offered hasn’t been checked in 2 days, which I find weird and has never happened.
Fully aware what you meant. Mine did the same several times recently.
Okay good! This is my first time posting here, so I was afraid of coming off confusing. I’m glad I’m not the only one that was wondering about this!
has your time stamp changed by any chance?
Yes, I understood what you were saying and I know mine did the same as well before I got mine. I don't know if that means something or not. I had to call square tech support our terminal took a dump and all I had was encryption code error the guys at tech support were amazing and while I was on hold waiting to an answer from further up I asked the guy about the glitch on the loan screen and did it mean anything before an offer or the screen came back he 😆 🤣 😂 and said that's not his department but did I get my offer and I said yes. We were on hold for a good 20 minutes with the warranty department so I took advantage of chatting his ear off. That's where I got my other info but like I said he said it wasn't his department but he knew they were extremely busy over there. I just found it odd that I lost all my info under the loan part and then boom in can the offer. I tend to follow the trends on here even though we are all different no 2 business operate the same or have the same circumstances. I think the crunch going on has got a lot of lenders holding back a little longer but it moving much faster now than say Feb-late April/May. Good luck hopefully anytime soon.
How do you tell?
I haven't received any new loan offers this year. I'm currently at 70% repayment. Usually I'd get a new offer between 60-70% percent. I've read in the forums that this (2023) year the offers are hitting a littler later in the percentage and without the massive increment we are use to. These loans have been so helpful, I really hope they don't slow them down, but I totally understand if they do with everything that happened recently in the tech sector. 😕 I'll keep this tread updated if anything changes on my end. Happy 2023 and continued success guys!
They offered me a new loan a day after I paid it off
My loan was paid on 9/13/2023 still nothing 🤦🏾♀️
Anything yet?
I just received my 4th loan and it was much larger than my third which was half of the previous loan. I think when your loan comes up for renewal makes a difference. If your sales are higher or lower during the last quarter seems to impact it. Also, I think the national economic climate and what the market was doing last year seems to effect things, but it is better this year for me.
Where you paid in full? If not how far along and if so how long have you been paid in full?
Ahh thank you and glad u got another offer!
Any news on new loan offers, Iam at 80%
Been paid off 100% for two months, had 5 loans, everything is green........ and still no new offers....
Did you get an offer yet ?i paid 100% too but no new offer yet .its been 4 weeks already.
did you allow the system to take payment or did you manually pay it off early?
Ive never made a payment. Always allowed Square to pull from our accounts receivable...and always paid them off inside of 4-5 months
Did you get an offer yet?
No not yet .
We are at 85 percent...and my 11th loan....I am hoping get a new loan but its questionable due to the financial sector.
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