Is it a blessing to not have a reloan offer at almost payed off?

[Kdstone]

There isn't an incentive to stay when other POS's offer loans and if we're payed off and we don't get one at 100% it's obvious we wont get one at all; we'll go somewhere else to get possible loan opportunity and definitely get lower fees!!

So if your desperately waiting. Just consider how it could be a blessing.

[Twpchair]

As a business owner, it's crucial to prioritize what's best for your enterprise without being dictated on how to run it. I've often reflected on the saying that the grass isn’t always greener on the other side. Many companies use algorithms to determine when and how much you’ll receive in offers.

My main concern lies with the representatives who, despite their selling role, sometimes overpromise from the start. The process can take several months, with many businesses waiting six months to a year for their first offer, as seen in public loan policies. I've watched many businesses return after waiting.

We have the autonomy to choose our partners, and offers can appear after paying off previous loans. Recently, a user who paid off his loan received an offer just a day later. With millions of users worldwide, companies like Square issue loans daily, and this information is accessible for those interested.

Ultimately, it's vital to keep your business's interests in mind. My observations indicate that sales claims often fall short, and I wish you continued success. If you have time, check out the 2025 loan thread as it’s very active. Good luck!

[Kdstone]

This isn't helpful. Of course I know I can make decisions for my own business. I specifically stated if we don't get a loan then why not do business somewhere else with lower processing and the potential of starting a loan when a fully paid off one with square becomes apparent we won't get one. That is the point.

This was a ton of words that didn't address the post. The sentiment in your last paragraph should stand alone and not be unnecessary and useless information. You can stop here.

[Kdstone]

disregard.

[Abby_M]

Hi @Kdstone 

Thanks for posting on the Seller Community.

We value you as a Square seller and have appreciated your time on our platform. We understand that a Square loan offer is important to your business and not being eligible can be frustrating, but we are unable to override the automatic loan offer review process with a manual review.

Accounts are evaluated for offer eligibility based on many different factors including, but not limited to, your current payment processing volume, your customer mix, and your Square account history. While we do not have a specific timeframe for when another loan offer may be available again, keep in mind that we will continue to automatically review your account for eligibility.

Keep in mind, if you no longer choose to use Square to process payments, you would be in violation of the terms of your loan agreement.

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