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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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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175 REPLIES 175

Did you far a new offer yet?

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No , I gave up on the idea. My store is doing so bad right now since I have no funds to get inventory. I will probably be closing by the end of the year . 

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I am so sorry to hear that.

AS
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What is your business? That is great sales!!

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.

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I would be interested for sure . I have been waiting and waiting for square to realize that I paid my loan off and offer a new one so I can expand my inventory and pay some bills, but still nothing 

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I would be interested in hearing more, is there another way to contact you? I’m not sure if you were trying to type and email or??? But what you left at the end is not working . 

thanks again ! 

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Finally got a loan offer after 10 days of being fully paid off. Loan was disrespectfully low. The loan offer was about what I gross in 2 weeks time.. unbelievable. It would be paid off in less than 2 weeks.. what the point of that really .. 

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I can totally sympathize with you.

I was at 94% paid off a $36,000 dollar loan and the offer that came in yesterday was for $7,000. 

 

I ended up accepting it. Hoping with the quick payoff in the next month or so we get a real offer. 

 

I was contemplating leaving it there to see if something bigger would be offered, but decided not to. 

 

I'm still on the waitlist for the Credit Card from Square asell.

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I just paid off a 7500 dollar loan, waited 10 days they gave me an offer of 1200! I make that in a could weeks. Mind you my shop is only open part time now being it’s summer the hours are shortened, but that’s just ridiculous. This is my 6th loan through them. I have had their credit card for about 5 months now. So I took the offer and paid my credit card off. And I’ll just pay this loan off in less than a month and see what happens next. 

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My current loan was 1/4 the amount of my previous loan. All offers have always increased except one other time. I’m already at 52% paid back in 3.5 months. Seems lowball offers are common right now.

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Square Champion

My current loan (4th) was my lowest to date and I’m currently 68% paid back in less than 2 months. Just got the credit card notification last night for pre-approval I’ve not taken it yet, still waiting to make my decision. Hoping my next loan offer is bigger. 

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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I actually received a preapproval for the card as well but didn’t do it yet. Only $500 preapproval which is wild. Wondering if accepting the card effects loans moving forward.

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Square Champion

I saw you said your personal credit isn’t the best but you have the square credit card correct? My personal credit isn’t the best either (stupid young me choices) but I was offered a pre-approval for the credit card last night and wondering if I should even attempt to see if I’m approved but then I saw your reply and gives me hope 

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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This coming Wednesday will be 12 weeks paid off $45k (paid in 6.5 months from card sales) and not even a little offer. I'm also still on wait-list for CC. This is getting ridiculous.

AS
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Oh no, I’m sorry to hear that, that’s unfortunate. I saw a guy on here a few posts back saying he offers financial help and assistance, he said how to contact him but I can’t seem to make it work, I’m wondering if it is a scam? I was really looking forward to expanding this year but that’s not going to happen with 1000 dollars. My personal credit is terrible, due to a lot of different circumstances, but my business has never faulted or been in debt. Everything is paid on time so I rely on the loans from here since I can’t get it anywhere else. I am also looking into other pos companies to see if their loan system makes sense . 

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I'm pretty much in the same boat and also looking elsewhere. It does kinda suck as I've been with them for 11 years and had no issues and everything paid back early but at this point  there isn't much else to do because "continuing processing" isn't doing anything.

AS
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Same boat, they rushed to offer me two small loans, paid both off easily, had a breakout two months during my second loan, all paid off, still nothing. They didn’t even count my payment for a week, and two days later, still no offer from them. It’s a bit demoralizing .

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Hi everyone, I’ve been with Square for 3+ years, processed close to $2M CAD overall, and currently process about $687K/year, with zero chargebacks for over 2 years.

I’m on my 9th Square Loan. I used to receive renewals around 55% repaid, while my last offer came at 70%. I’m now at 76% repaid with no new offer.

August was my highest month ever at $75K+, including a major late-month sales surge, and processing remains very strong.

Anyone in a similar situation recently receive an offer? 

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Square Champion

Congratulations first, way to knock it out! Unfortunately, lending is tight, it’s rare for lower percentages to receive an offer ( not all of course) jump on any social media platforms and everyone is asking the same. Square is still lending daily, your history still matters and so does those amazing numbers! I wish I could have better news. Good luck and hopefully soon! 

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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Have you seen any movement at all across the boards? I know you’re good about following along. I’m currently at 66% (4x over my minimum due) and was hoping that because of how quickly I’ve been paying it back they’d recognize that and offer a more appropriate offer sooner rather than later.

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