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. 

[Cauldron]

Currently at 72%, monthly sales are $20K more than average - waiting as patiently as I can, which is hard in our busiest times. I haven't yet connected my bank account, has anyone received an offer without connecting theirs?

[anchohoney]

I don’t think connecting or not connecting is the thing. I’m at almost 89% with two connected accounts, and nada. 

[lisap1970]

I’m at 86% connected and no offers. Ive been with square since 2014 . I have a very small children’s store and don’t get large loans so I really don’t understand why it’s taking so long . Always in good standing with square 

[BigA]

I have never connected my bank and will not be doing that, I received my 16th offer from square last week and it was approved within a few minutes. I was at 76% and I am a barbershop. I have asked many peers barbers and stylist who use square and offers are still coming regularly and increasing offers. I appreciate the sharing in this community and I know several people keep up with this thread to try to figure out what’s going on so I’m hoping this information helps someone have hope. The loans are still being offered and you do not have to connect bank. Good luck! 

[lisap1970]

Thank you. That makes me feel better. It’s my busy time and I was hoping for a loan for inventory.

[Keesh]

This was comforting to see. Thank you for posting!

[eatMoroccan3119]

can you share with us the size of your last offer? and how much do you average in sales per month?  

I know some people don't want to share this info but I think it will help many people reading this and put things into context.  Thanks !

[lisap1970]

Anyone have any luck today with a loan? 

[Cauldron]

74% today and nothing on our end :c 

[ClareJ]

I received an offer today at 87% and a little more than half of what we were offered 6 months ago. This time it did say it was going to pull our credit which I don’t remember it saying that previously. 
I was starting to give up and **bleep** near cried when I got the offer today. Please y’all don’t give up if you haven’t received it, it’s coming.

[lisap1970]

What time did your offer come in ? And I thought they only pulled credit on $70,000 and above ? 

[ClareJ]

My offer came in at about 1pm cst. I didn’t get an email, it appeared underneath my balance tab. I thought it was for only 70k and above too! It said it needed to pull a credit and consumer. But wouldn’t affect my credit score I was a bit suprised because I didn’t expect that. 

[lisap1970]

Something else to worry about if I do get an offer.

[Jpphoto]

Congrats! Good to hear! 

[BellaXpress]

I received an offer today for $19,600! This is my 9th loan with Square, I was at 83%! I’m still waiting on approval! But I’m excited because it’s been soooo slow and these loans help me out so much! Keep hope alive yall! They are still offering loans!! 🙏🏽💃🏾 (I am a hair salon) 

[TrendzbyM]

Congrats! I just linked my bank account so I hope that helps me out!

[eatMoroccan3119]

awesome ! congrats. Hope the approval comes soon ( it will probably be tomorrow during their working hours) 

Is this your biggest offer so far? 

[BellaXpress]

They literally approved the loan in 10 min, the money is already in my square account🥹🙌🏽 I am so happy I started crying! Don’t worry, yours will come soon, just keep processing! 

[BellaXpress]

Yes, the last one I got was for $14,500 and this one for $19,600!

[eatMoroccan3119]

that's awesome. congrats and good luck with ya business !!!

[BellaXpress]

Thank you!! Same to you! 🙏🏽