Loans 2026

Has anyone had any offers this year yet? Usually i get mines ay 63-65% rn im at 73% and haven’t get one yet… starting to get anxious 😬 

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Hey there @Jso1961.. I'm paying off one at 75% now.  And I'm not expecting a new offer any time soon.  For at least the past two years, new offers have been coming much later than they used to.  These days, I'm hearing from LOTS of sellers here that a) offers aren't coming until the high 80% at the earliest, with many not receiving offers until the previous loan is completely paid off, and b) many are experiencing lower offers than they have received before.

 

Honestly, this doesn't surprise me too much given the absolute shambles of an economy we are experiencing, with no real reasons to expect that it will get better any time over the next few years.  The lending market doesn't react well to uncertainty like we are experiencing, and it is not just Square's loan arm that is being conservative and cautious.

 

Keep in mind that I'm NOT saying that you definitely won't get an offer soon.  I'm just saying that the overwhelming experiences I'm reading about here on a daily basis say that you should probably not have high expectations.  And you definitely shouldn't be anxious, unless your business depends on loans to survive, which is a different story.  Another offer will come if your card volume is growing and your other business milestones are where they should be.  But I believe (and many other sellers here believe) that the days of new offers at 60-70% are in our rearview mirror.  

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

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Hey there @Jso1961.. I'm paying off one at 75% now.  And I'm not expecting a new offer any time soon.  For at least the past two years, new offers have been coming much later than they used to.  These days, I'm hearing from LOTS of sellers here that a) offers aren't coming until the high 80% at the earliest, with many not receiving offers until the previous loan is completely paid off, and b) many are experiencing lower offers than they have received before.

 

Honestly, this doesn't surprise me too much given the absolute shambles of an economy we are experiencing, with no real reasons to expect that it will get better any time over the next few years.  The lending market doesn't react well to uncertainty like we are experiencing, and it is not just Square's loan arm that is being conservative and cautious.

 

Keep in mind that I'm NOT saying that you definitely won't get an offer soon.  I'm just saying that the overwhelming experiences I'm reading about here on a daily basis say that you should probably not have high expectations.  And you definitely shouldn't be anxious, unless your business depends on loans to survive, which is a different story.  Another offer will come if your card volume is growing and your other business milestones are where they should be.  But I believe (and many other sellers here believe) that the days of new offers at 60-70% are in our rearview mirror.  

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

Was my post helpful? Take a moment to mark it as a solution. Marked solutions help other sellers find possible resolutions to similar problems. Also, if you find your solution elsewhere (say, through Support), it is helpful to come back to your post and tell us about it, then mark that as a Solution. Solutions are what this Community is all about!
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Have you received an offer yet?

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In September I got my last loan at 52% (loan 13k) and was expecting my next one around the same time because everything was good, my volume was up. But I haven't received another offer yet and I'm at a higher percentage. But after reading all the threads and comments about loans I won't be expecting one anytime soon.

 

My card processing for 2025 was 134k and all my metrics are " good", but I just got done reading the December loan thread. Chances of getting a loan anytime soon are not good. 

 

Most people are not happy about the longer wait times as we rely on these loans for different things for our businesses. By the time they get around to offering most people the loan, we will have gone elsewhere for it and they will lose out on the fees we pay to square for the loans. 

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I’m at 73% myself as well, processing and sales are up. Ahead on my payments of a large loan. I’ve always gotten offers between mid-60s-70s previously and this is my 12th or 13th loan I believe. Starting to get antsy myself.

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We are at 83 percent and no offers yet. Don’t know what changed we usually get an offer around 70 to 75 percent. All of our marking are good and we are always paid up early. Hopefully we will have an offer soon

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I’m currently at 70% paid on my 13th loan with Square. I usually receive a new offer around 65%-70%, everything is green and we have been processing over 500K in CC sales annually for the past 3 years. We haven’t received an offer yet but I’ve been assured that the accounts are reviewed daily. I wish there was another way to see the progress regarding when you may become eligible for another offer. In addition to that, it would really be great if Square offered a LOC that we could draw on if/when needed.  

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