I am 85% paid on my loan and waiting for my new offer as my trucks engine blew and I am desperately

[Scammerssuck]

@Member I am 85% paid on my loan and waiting for my new offer as my trucks engine blew and I am desperately needing a new offer to use as a down payment on a truck to pull my food trailer. I have closed my external bank account and have added my new, but it has not been confirmed yet, could this be causing an issue as to why a new loan offer is not being sent to me?

[Minion]

Hey @Scammerssuck   (love the name)

So that could play a small factor in it. It is really hard to tell the odd things that goes into the algorithm  but it probably more has to do with the % paid back.  I'm assuming everything else in your "metrics" are in the green and nothing showing bad?  To me, 85% is probably the bare minimum for an offer to be extended, unlike what it may have been before that seems to be the new starting point from multiple posts.  

[Abby_M]

Hi @Scammerssuck 

Thanks for posting on the Seller Community.

New offers are not automatically extended when a certain percentage of an existing loan is repaid, eligibility and offers are based on a variety of factors including payment frequency, account history, and payment processing volume .  We routinely review eligibility of our sellers for Square Loans. If your business becomes eligible again, you will see loan offers in your Square Dashboard.

If you have any other questions, please feel free to contact us directly!