Is Anyone getting new Loan Offers ?

[addisonsgrace]

I checked my dashboard this morning and I am currently 76% paid on my square loan. I have had loan offers in the past and always received an offer between 60-75%. With the holidays quickly approaching it would be helpful since we need additional inventory, but I’m wondering has anyone been receiving offers lately? 

[ryanwanner]

Hello @addisonsgrace !

Yes, loan offers are happening daily as usual, but I have noticed the requirements are a little more stringent. Most likely this is because of the overall instability of the economy right now. 

Best thing I recommend is to keep an eye on your loan eligibility page on your dashboard and fix anything that is an issue. Also, do be aware that the algorithm takes into consideration many variables not necessarily tied to your business. If your industry is showing a slowdown in sales or an increase in closings, this may affect your eligibility.

All this is just conjecture though: the algorithm does its thing and decides daily who is and isn't eligible. As long as you're keeping everything green on the eligibility page the best you can do is hang tight. 

[addisonsgrace]

Thank you ! So far everything is showing green which is definitely a plus. I will keep an eye out