Loan January 2026

[Skitchens39]

Has anyone had a loan offer recently? We were counting on an offer by now at 82 percent paid because we have always had offers by now.

[brown17]

There have been some.    Trends are running higher.   What loan are you on?

[Skitchens39]

Loan 7 or 8 our processing was maybe a little lower than the last time but we are always ahead on payments usually by a month. We are at 83 percent and no offers yet

[Abby_M]

Hi @Skitchens39 

Thanks for posting on the Seller Community.

New offers are not automatically extended when a certain percentage of an existing loan is repaid. Offer eligibility is largely based on current payment processing data, which means eligibility can change as frequently as your business does. Because businesses are dynamic, we’re unable to guarantee Square Loan offers.

At this time, we can’t predict if or when your business may be eligible for an additional Square Loan, however, we will continue to monitor your account for eligibility. If your business becomes eligible to apply for a loan, we’ll notify you through your Square Dashboard.

Don’t hesitate to contact us directly if you have further questions or concerns.

[Bcarnes]

Same here 83% as of right now. Just finished paying my minimum a month early. Patiently waiting. This is my 13th loan with square 

[STLAUTOHAUS]

Same here! at 96% almost paid the entire loan off in less then a month we are 200% in sales..... 

[nyallblacks]

I was reading through the Square Loans page details, and read that Square has started doing soft credit pulls for loan eligibility. It now makes sense why there seems to be less loans, longer renewal times, and lesser approval amounts.

[Bcarnes]

Oh wow. Well it was nice while it lasted 

[Bcarnes]

Update. Just got approved for a loan at 83% at 4:45pm. My last loan was 9,900 and this one was 5,630. I won't complain but ive never seen it lower than the previous one. 

[Brewbabe]

Was your processing volume the same or lower/higher than it has been? Curious 

[Bcarnes]

Higher than last year 

[AnotherShotCoff]

Im 93% paid off, 52k loan ive paid almost 47k in a year. And my metrics are all excellent on each category. Processing volume is excellent and im doing around 30k a month. From what im reading people are not getting offers anywhere close to what they used to. And no offers even several weeks after 100% pay off. Id def consider other options because what im now understanding is its easy to get stuck in the square loan revolving door and yes they fund fast but the daily fast pay off causes cash flow issues. I just got a HELOC loan and now instead of paying 3k a month i got 50k and only pay $350 a month and only 7% interest. And my credit isnt great. So def research if a heloc is a option for you!