Loan offer check

Iโ€™ve just recently discovered you can check when Square has looked at your account for a new loan offer. Would anyone know how often throughout the day Square checks? Is it just once a day? Just curious as my account has been checked in the morning but my metrics are all green and in at 80% paid back. Curious if I would get an offer later in the day even if my account was checked in the morning. 

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Square Champion
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Yes, every day you take a card, you should update. I usually update around 1-3 p.m., but all of my offers come after I've updated from 6:30 p.m. to 10:30 p.m. You are correct; you usually update first, and then if you are eligible for a loan, the offer tends to follow afterward.

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor

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Community Team

Hi @Charliesparties!

 

Thanks for your post!

 

The information shown on your eligibility page is usually refreshed in real time. You can see the last date and time your loan eligibility was evaluated under โ€œEligibility factors.โ€

 

Hope that helps, please feel free to reach out to us directly if you have any other questions!๐Ÿ™‚

marielmt
Square Loans Team
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This is a service email from Square Financial Services, Inc., a wholly owned subsidiary of Block, Inc. All loans are issued by Square Financial Services, Inc, a Utah-Chartered Industrial Bank, Members FDIC.

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