Loans 2026

[Jso1961]

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 😬 

[TheRealChipA · Accepted solution]

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.  

[Twpchair]

Agree 💯! It has been a good 2-3 years of that 70-75% paid off and almost like clockwork in popped up the new offer. I have received 2 or 3 offers in that time period in the 60s but the rest all upper 80% to 90%. 

[Salon724]

Have you received an offer yet?

[PrplPngnCndy]

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. 

[Abby_M]

Hi @PrplPngnCndy 

Thanks for posting on the Seller Community.

It’s important to everyone that lending through Square Banking is done responsibly. We know your business is important and we don’t take that lightly. We want you to be successful and we support your future growth.

New offers are not automatically extended when a certain percentage of an existing loan is repaid, but your business may become eligible for a new offer when your existing plan is closer to being repaid. 

Please know that Square Banking is committed to helping your business succeed, but we understand that you may need to seek financing outside of Square Banking for immediate needs.

If you have any other questions, please feel free to contact us directly

[CTC18]

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.

[Skitchens39]

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

[Twpchair]

It’s been trending higher to paid off for a good percentage of people. Not all, of course as we are all unique, process differently and our history with Square is different. Good luck to you and hopefully, soon!

[Boatlanding]

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.  

[Abby_M]

Hi @Boatlanding 

Appreciate you taking the time to post.

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.

Your account is regularly evaluated for offer eligibility based on many different factors. If your business satisfies one or more of the criteria, your business may still be ineligible if it does not fulfill other eligibility requirements. Some factors to watch out for that might affect eligibility are chargebacks, unusual processing behavior, and failed debits.

We can’t guarantee a loan offer even if the key factors displayed on the eligibility page show all “Good.” I understand this isn’t the best experience, so I’ve shared this feedback with the product team.

If you have any other questions, please feel free to contact us directly!

[Twpchair]

Do you know where to check to see what time Square looked at your account (timestamp) as long as you process that day the algorithm does its job. I agree 💯 never leave the door shut to other options. Credit Unions are a great start for a LOC. Good luck and keep us posted. 

[Boatlanding]

Yes, I’m familiar with where the timestamp information is. It would just be great if we were able to see more information and statistics on what is being analyzed and where our account stands.  

[AnotherShotCoff]

Im 90% paid off of a 50k loan i recieved only 1 year ago and still no offer. From what im seeing on here is people are 100% paid off and still wont get a offer for weeks after full pay off. I am in the green excellent in every single category and like i said im 90% paid off and still nada. I think they have really tightened their offers. I actually just did massive research into how to get into a better position and ive done and paid off 4 loans now totaling in 150k and i wont be doing another. My advisor said these square loans are a temporary solution but cause long term cash flow issues. I am doing a HELOC loan to get the funds i need and the rates are better and the payoff is over 8 years at only $300 a month not 3,300 a month like square. Def look into other loans so your not stuck in the square loan revolving door. Best of luck

[csmajesticinc1]

This is my 6th Square Capital loan. I’ve repaid 96% of a $27,000+ loan, all eligibility indicators are green, and my minimum payment is satisfied through March 2026. Despite this, I’m not receiving any new offers. I’ve contacted the Square Support team multiple times and continue to receive generic responses without any explanation as to why I’m not eligible or what specific factor is blocking an offer. I’m not asking for special treatment — just clarity. What exact metric or requirement is preventing new offers in cases like this? If a manual review is possible, I’d appreciate knowing how to request one. Has anyone else experienced this recently or received a clear explanation?

[Twpchair]

Unfortunately, there is no guarantee of if or when you will receive your next offer. Pay attention to what the Mods are saying on here. I understand it might sound like the same thing over and over but it’s not. Both are amazing and drop in there what is needed for businesses. When we keep repeating keep swiping, get the volume (dollar amount) of each swipe up, new customers vs returning customers all point to a growing, healthy business vs one just keeping the lights on. I read your comment and you are knocking it out. The algorithm does all the work for the majority of POS that offer loans. Getting a human to look at or speed it up, I haven’t heard of anyone getting that opportunity. Usually, if a human has it that is not always the best sign. Hun, it’s just been tight lately and most (not all) their offers are coming in the 80s - paid off completely. All you can do is keep swiping daily and see if that spinning algorithm picks you off. Good luck and congrats on your numbers! It’s not just you. As you see there are a bunch waiting as well. Wishing you the best of luck!

[csmajesticinc1]

Thanks! This algorithm is wild.... it really needs a look. We swipe, they take our money, and then there’s no further support....just keeps us hanging, wanting us to swipe more. Meanwhile, some businesses get refunded at 75%, and new businesses get offers, while loyal regulars like us at 96% get nothing. Fingers crossed it finally notices us!

[Mishababy34]

THIS POST IS FOR THOSE LOOSING HOPE...out of nowhere I just received a loan offer...at 55%. That has not happened since 2018. So, I hope this kick starts loan offers today for all not expecting them. 

[PrplPngnCndy]

Wow, that's great! I'm glad you got an offer, it does help to know that it's still possible to get one, that others have gotten them.

I know that Square had done extensive research into the sales market, etc and know that many small retail businesses slow down in the month of January. So getting a new loan offer would be great for many people this time of year, if their metrics are "good". 

[csmajesticinc1]

I am happy for you...congratulations...you got a offer at 55%..thats crazy good. we are at 97% and still nothing.....

What is your processing volume is like, what is the loan amount.... just curious...

[CTC18]

Thank you for posting this. I’m currently at 76% and a month ahead on my minimum. My last loan offer was November 2024 (a large loan) so I’m really hoping a new one comes soon.