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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Square Champion

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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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Community Team

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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.

Abby_M
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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Square Champion

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!

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

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Square Champion

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!

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

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Square Champion

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. 

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

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

Abby_M
Square Loans Team
Sign in and click Mark as Solution if my reply answers your question.

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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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.

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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.

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

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Community Team

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.

Abby_M
Square Loans Team
Sign in and click Mark as Solution if my reply answers your question.

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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I can’t see my metrics to even know if everything is in the green though (last I checked it was).  It also used to have a time stamp daily that showed I was reviewed again for a loan.  That all stopped Jan 19th and would. Ever update after.

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Community Team

Hi @KEC413 

 

We appreciate you letting us know about your situation.

 

I went ahead and send you an email with more information.

 

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

Abby_M
Square Loans Team
Sign in and click Mark as Solution if my reply answers your question.

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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Another generic reply, as per square dashboard we have completed all this eligibility criteria up to now. but at 98% with all green no offer. its genuinely something to laugh about. 

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From a customer perspective, all this strongly suggests a serious problem with how Square’s algorithms and software are functioning.

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