Hi I was wondering anyone else experiencing getting a new loan offer taking longer than before?

[Shilasheikhan]

Hi I have had 6 or 7 square loans and by 69% to 75% a new offer would generate now I am at 90 % still nothing?

[Abby_M · Accepted solution]

Hi @Shilasheikhan 

Thanks for posting on the Seller Community.

Eligibility and offers are based on a variety of factors including payment processing volume, account history, and payment frequency.

The Square Loan program is currently offered by invitation. New offers are not automatically extended when a certain percentage of an existing loan is repaid, but your business may become eligible for a new offer when your existing plan is closer to being repaid.Keep in mind that we can’t guarantee that another offer will be extended before or after the current plan is complete. 

Feel free to reach out to us directly if you have any additional questions!

[Shilasheikhan]

Thank you Miss Abby_M but the factors that the computer picks up shows everything good everything up on sales different customer mix and so forth so I do not know what to do but to just do credit card sales. And I wish it was where someone can look over the account and help it get pushed thru but it's an invitation I understand that's the only way. 

[Twpchair]

How are things going? Have you received an offer yet? Just checking in on a few here. 

[Twpchair]

It’s been trending higher to paid off for most. There are a handful of 70s but not many. These past couple of weeks have been slow but it’s picked up since Wednesday at least for the ones who post here. Good luck!