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 😬 

48,918 Views
Message 1 of 115
Report
2 Best Answers
Square Champion
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.  

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

Was my post helpful? Take a moment to mark it as a solution. Marked solutions help other sellers find possible resolutions to similar problems. Also, if you find your solution elsewhere (say, through Support), it is helpful to come back to your post and tell us about it, then mark that as a Solution. Solutions are what this Community is all about!

View Solution >

48,861 Views
Message 2 of 115
Report
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.

View Solution >

46,723 Views
Message 45 of 115
Report
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.

5,264 Views
Message 85 of 115
Report
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
5,254 Views
Message 86 of 115
Report

That’s awesome , it’s very unfair but great for you 

6 Views
Message 87 of 115
Report
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
5,376 Views
Message 88 of 115
Report
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.

5,685 Views
Message 89 of 115
Report

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 

2,930 Views
Message 90 of 115
Report

Did you ever get an offer?

AS
1,640 Views
Message 91 of 115
Report
Square Champion

How about you?

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
1,039 Views
Message 92 of 115
Report

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 

2,629 Views
Message 93 of 115
Report

Did you ever get an offer? 

2,607 Views
Message 94 of 115
Report

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. 

1,915 Views
Message 95 of 115
Report

Hi I’m at 84 currently waiting 

1,413 Views
Message 96 of 115
Report
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
1,044 Views
Message 97 of 115
Report

Loan completed for about 10 days, all metrics still green. Still no offer 🤷🤦

1,209 Views
Message 98 of 115
Report

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

1,078 Views
Message 99 of 115
Report
Square Champion

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

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
1,049 Views
Message 100 of 115
Report

I’m now at 91 only owe 723.00 left from a 6500 dollar loan and nothing 

1,073 Views
Message 101 of 115
Report

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

1,059 Views
Message 102 of 115
Report
Square Champion

Good luck!

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
1,048 Views
Message 103 of 115
Report
Square Champion

I see a lot of familiar names yet! 😭

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
1,044 Views
Message 104 of 115
Report

Update : I got a loan offer today ! $600 less than my last but definitely a good amount ! 😅

914 Views
Message 105 of 115
Report