Loans 2026

Has anyone had any offers this year yet? Usually i get mines ay 63-65% rn im at 73% and havenโ€™t get one yetโ€ฆ starting to get anxious ๐Ÿ˜ฌ 

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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 donโ€™t see an offer in your Square Dashboard and havenโ€™t received an email noting youโ€™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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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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Iโ€™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 itโ€™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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Message 89 of 111
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Did you ever get an offer? 

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Message 90 of 111
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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 Iโ€™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 ๐Ÿคท๐Ÿคฆ

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Iโ€™m currently at 81% and all green and no loan yet. Could really use it ASAP ๐Ÿ˜ž

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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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Iโ€™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! ๐Ÿ˜ญ

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 ! ๐Ÿ˜…

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Square Champion

Congratulations ๐ŸŽ‰ so nice to see this! Hopefully, the first of many!

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

Congratulations!!!!

Square Champions Expert and member of the Square Champions group. (But NOT a Square employee, just a seller like you) Was my post helpful? Take just a moment to mark it as a solution.
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Congratulations ๐ŸŽŠ ๐Ÿ‘! What percentage were you at when you got the offer?

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81% 

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