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
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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114 REPLIES 114
Square Champion

That is kinda crazy to be throwing an offer at you with so little paid back.  If you can make the numbers work for you then great, I just have never been able to justify the Square effective APR on the loan (Yes I know it isn't interest by name, but it has the same effect and borders on The Soprano's loan shark APRs) on such short term loans.

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Square Champion

I had to ask 2x!!!! 😂 I have never seen one that low or at least posted here. 

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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That’s awesome , it’s very unfair but great for you 

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Square Champion

@TheRealChipA We are kinda in the same boat. I always take mine at the end of our season like you. March was probably the best we've ever had, so we don't need more now. Our off season loan will be paid off in about 60 days. Hopefully nothing big breaks. As you would know our soft serve machines are quite costly.

Roger
Perkits Yogurt

Square Champion | Square Expert
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Square Champion

New loan offer today and quite a reasonable cut they wanted back of only 1.2% of CC sales.  All my previous offers were like 10x that and made no sense.

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I’ve been paid off my loan for three weeks and still no offer. Everything in the green, never have any issues, usually offered a new one before the pay off. Not sure what the issue is, but it’s starting to become frustrating 

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Did you ever get an offer?

AS
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Square Champion

How about you?

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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I just got 91% paid off on our 3rd loan and could really really use another one, but not sure if we will get an offer. We normally have had one sooner in the past, but now I'm stressing a tad 

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Did you ever get an offer? 

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I am currently at 77% repayment on my 13th loan and still haven't seen an offer. They usually hit around 60-70% on my end. 

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Hi I’m at 84 currently waiting 

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Square Champion

It has been trending high and tight right now. Good luck and hopefully soon!

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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Loan completed for about 10 days, all metrics still green. Still no offer 🤷🤦

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I’m currently at 81% and all green and no loan yet. Could really use it ASAP 😞

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Square Champion

It's been a long span between offers. Good luck!

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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I’m now at 91 only owe 723.00 left from a 6500 dollar loan and nothing 

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I'm at 85% of a $36k with all good metrics and still no offer. It's the longest we have had to wait. Hoping it hits soon, even better tomorrow. Hope y'all have good news too

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Square Champion

Good luck!

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

I see a lot of familiar names yet! 😭

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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Update : I got a loan offer today ! $600 less than my last but definitely a good amount ! 😅

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