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.  

[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!

[olivesageeee]

Keeping my fingers crossed! I had secured a small photo studio last year but just secured my dream studio that I’ll be also renting out to other photographers. I’m at 62%! Hopefully I’ll get it soon to be able to stock the studio!! I usually get mine between 60%-70%. 

[Twpchair]

Congratulations on the new location! I’ll be pulling for you! 

[Papaya]

Hi @olivesageeee!

Congratulations on your new studio! We appreciate your loyalty when choosing to partner with Square for your business loans. 

Please let us know if you have any questions about our eligibility process.

Have a great weekend and best of luck with your new studio!

[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!

[dearmond05]

When you say failed debits is that failed loan payments or is that failed debit card transactions? 

[TheRealChipA]

@dearmond05 (Edited this because I misspoke.  @Abby_M IS still with Square.  Good for you, Abby!  Anyway, I can answer the question.  Failed card transactions, where customer cards are declined, never impacts our standing with Square for any reason, just as it wouldn't for any card processor since that is out of our control.

That being said, if Square tries to debit our linked accounts and one or more of those fails for any reason that is in our control, that could and probably would impact things like loan eligibility

[dearmond05]

Gotcha...ok I don't have any of those. I'm at 91% paid on my 3rd loan and could really use a 4th, but no offer yet. I paid down our square credit card today in hopes that would help as well, but not sure based on what people are saying on here 🥴

[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.  

[Twpchair]

I know and I agree. The biggest confusion is the metrics and all green. Most people think that’s a guarantee offer and it’s not.  It’s a great tool for us to use to see how we’re doing year vs year or month to month. Unfortunately, that’s all it is. Good luck to you and everyone waiting!

[dearmond05]

Where do you look for this?