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]

I saw your reply to Chip and everything is good on your end. Unfortunately, loans are doing their own thing right now. 100% paid off to a few popping in from 60-70% offers. You have a good thing going though, you are right at the point (I believe this would be loan 4?) you are just starting to establish a relationship and pattern with Square and the algorithm. Your card payment will update in the system and as your business grows your offers tend to follow that. Not always, there have been a few lower offers popping in here. Besides what is going on with Square and your business, Square takes into account what's going on outside in the world, the economy, etc. Don't always think it's you when honestly the algorithm is out of our control. Just as there are no guarantees of when, it's also the same with “if” today could be the day. Good luck and I understand it is stressful. The best thing I could suggest is to swipe those cards in record numbers and bump up those numbers even higher! See if that triggers it to take a second look. 

[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...

[Twpchair]

The love and hate relationship between the algorithm and its wheel of fortune spins! 😂 it was definitely triggered. Daily swipes, the volume of swipes and an increase in new customers is big right now. Keep pushing those and hoping for it to land on you next!

[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.

[Twpchair]

Are you seasonal? The only reason I ask is most loans are maxed at 28 mths. This is why all the new rumors about new loans or different options to choose from. Good luck and hopefully soon!

[CTC18]

No, I’m year-round. This is the longest I ever had to wait but it was a large loan (over 100k) so that’s to be expected. I am surprised though that I’m at 77% and paying ahead of minimums and still no renewal.

[Twpchair]

It’s been running high on the whole. A few 70s here and there and that’s it. Good luck and here is to another large offer!

[Twpchair]

That seems to be the majority here. 

[ShortandSweets]

I am currently at 85% paid off, all criteria is green. This is my 10th or 12th loan with Square, so we are still waiting for an offer. 
I did receive a poll the other day that was asking about other forms of business loans through square, so that might be a possible reason why "normal" offers are delayed. They may be considering rolling out different options. One of the options was smaller loans, so they would be more frequent and paid off more quickly.

[Twpchair]

Yes, there are many things going on in the loan department and your input is greatly appreciated! I am just using theses numbers as a reference only. Not everyone needs or wants a 20k loan and would like a short boost. A 3k loan and say 4 -5 months pay off would be perfect for them. Others don’t care for daily paybacks but would prefer a monthly payment. I would love to see a LOC vs loans. Hopefully, all this feedback will help the majority of the community. Good luck and please keep me updated! I would love to see your feedback work. 

[Abby_M]

Hi @ShortandSweets 

Appreciate you taking the time to post

On our current loan products we have a loan designed as short-term capital, this type of loan is for immediate business needs, it’s meant to be a cash flow boost to help with paying bills, buying supplies—whatever you need to support your business.

Hope that helps, please feel free to reach out to us directly if you have any other questions

[csmajesticinc1]

Thank you for the clarification, even if it wasn’t directed to us specifically. We understand that the loan is designed to provide short-term cash flow support.

In our case, with our current loan 98% paid off, we’re seeking a modest additional boost to help strengthen the business—particularly to purchase new inventory and support continued growth. We’re not looking for the same loan amount; rather, we’re hoping for consideration and support given our strong repayment history, which we believe aligns well with the intent of the product.

That said, the fact that we’re still not being considered for a loan offer through the current algorithm and Square technology does raise some concerns for us regarding how eligibility is being assessed. We wanted to share this feedback transparently, as we value the relationship and would appreciate any additional insight or guidance.

We appreciate your time and look forward to discussing the next steps.

[KEC413]

My metrics don't even show any longer.  I am in the process of paying back a loan and am at 87%.  When I go to check where it used to have all of your metrics, it just says the following:

Thanks for your interest in
Square Loans

We want to help every business grow. Unfortunately, your business is not eligible for a loan at this time. If your status changes, you’ll get an invitation email and see your offer here.

[Mpechlys]

Mine was like that til I did larger swipes, then it picked it back up and showed me updates 

[Abby_M · Accepted solution]

Hi @KEC413 

Thanks for posting on the Square Community.

Loan eligibility and offers are based on a variety of factors including payment processing volume, account history, and payment frequency. We routinely review eligibility of our sellers for Square Loans.

If you don’t see an offer in your Square Dashboard and haven’t received an email noting you’re eligible, you are not eligible at this time. If your business becomes eligible at a later time, you will see loan offers in your Square Dashboard.

Please contact us directly, our Square Loans line is open between 8am-5pm PT Monday-Friday if you want to give us a call.