Loan Application Review Timeline Update

[vickie_]

Hi Seller Community,

The Square Loans team has recently received an increase in loan application volume, and our review team is doing their best to review them in a timely manner. Some applications may exceed 1-3 business days, but your application will be reviewed as soon as possible. Please wait for an update through email. We appreciate your patience and apologize for any inconvenience. Please visit our Support Center for more information about Square Loans.

[jgmotz40]

Hello, We have many loans in the past that have all been paid off early and our most recent loan was paid off in less than a month. We always get a new loan offer just before our previous loan is paid off. This time we did not get an offer before or after it was paid in full. It has been about a week since the loan was paid off, is there a delay in a new offer for our business?

[Pnp2014]

I’m at 83% and was wondering will I receive an offer soon. Or do I have to pay it 100% off 

[Nancy__]

Hi @Pnp2014 ,

Thanks for taking the time to post. 

Ive reached out directly. 

Feel free to contact us for more support. 

[Smdinvestments]

I will like to know if you guys are not giving out loans anymore i got denied for a loan before I pay it off and no one can give a answer after a denial how long they can reconsider my account

[Kaspitzer26]

Wait, so they sent you an offer and they still denied you? Or is there a way to actually ask for a loan? I didn’t think there was, but I would love if there is!

[Nchairsalon]

hello i responded to a loan invitation on Thursday at around 5: 30 pm. how long is the turnaround time thank you

[Nancy__ · Accepted solution]

@Nchairsalon 

Thanks for taking the time to post. 

You should receive a status update within 1–3 business days from the date you submitted your application.

Feel free to contact us directly for any additional questions.