It’s hard believe me. Most people think being your own boss you come and go as you please and off shopping every day 😂😂😂 boy I wish! It’s 24/7 either mentally or physically or both! It’s our baby, our living, we have invested everything into it. And honestly for us to still be here says a lot about who you are! You pushed through some hard times and many didn’t make it but we did! You can do this. It’s just getting that old way of guarantee of a loan at 70-75%. After a loan or two I believe more people will be happier with it. It’s nice when you get all or most of your loans. That 30% roll over and next thing you know it’s half gone. It’s does seem to be a long wait but honestly worth it. Are your metrics good or trending up? What line of business are you in? With no guarantee of when or if your next offer comes in. Let’s see if you can spike those numbers up! Increase sales vs previous sales, swipes up, increases per swipe and a healthy new amount of new customers! Those are key to a healthy business with growth and no negatives or just one or two. You can do this! If you need help or just need help finding a way to get those numbers up in your business let me know. I can do some brainstorming. Keep that head up and we have made it this far we can make it and 10-20% and get you on kicking it in.
2nd account? When you signed up did you use the same email address or phone number? @ryanwanner @TheRealChipA would this be tech support? Associated account issue?
I understand, I really do. How long have you been in the works with the SBA now? I just know with my personal experience over grants though (during COVID) they were very slow. If you don’t think you will reach your minimum payment with Square please don’t hesitate to call them a good week ahead ok. See if you can find a plan for it. Unfortunately, right now loans are trending higher % paid back. Not all you will see a handful of 70s and good amount paid off. 85-95% is typical. They want you to do what you truly trying to do. Reinvest back into your business, supplies, improvements etc. The key here is trying hard to show in increase in sales, volume of transactions and new customers. Stay focused and push those numbers up and see if you can trigger the algorithm to pick up on you. What type of business are you? Can you do a weekend or two day sale? Think out of box right now to kick in card sales. With the algorithm as you know there are no guarantees on when or if it picks up on your business. All we can do is dig deep and see if we can get to kick in. Let me know what business you have and maybe I can help you brainstorm something to boost those numbers ok. Good luck to.
Yes, they still are! The % is trending higher usually around 85-95% percent paid off. Above in the section is says click here. They explained why. Less rollover and more money to invest back into your business. Not all of course, I still see a handful of 70s pop in and a good handful completely paid off. So you are right there. Key points right now are increased in sales vs previous time frame, numbers of swipes up. And new customers are just a few. Also, keeping the negatives down. Honestly, at least on here that post the last two weeks it’s been a ton of loans going out. The only problem is there are about 5 different loan boards going on. Most of the ones I answer are in 2 2025 loans and another one but both say loans or offers 2025. The others don’t get as much traffic. Unfortunately, we all got used to that 70-75% guaranteed and offer in our heads and it’s hard to get those out. But when you do receive an offer it’s nice not loosing that 30~+ percent eating into your offer. My last offer in February. I was around 91% all metrics were up. Sales up 55% and all up. Very good winter for Michigan. My offer was 3x higher but more like 4-5 without that roll over. Good luck and hold tight. Try the other 2 boards and scroll through them and you’ll see people posting finally received my offer comments. It’s moving and picking up. It was tight for a while. Since about October it started to pick up again. Lending on a whole has been tight with all POS and lenders. They are watching the markets, the economy and everything else involved and rates are coming down, they aren’t raising interest rates and things are starting to calm down and that makes happy lenders. Keep those numbers up and the negative at 0 and you will be fine. Good luck to you ok.
For a while now the majority has been running higher percent paid back. Up top, the mods have a pinned post explaining why. Not all of course, you still see a random 60-70% post they received one but it's few and far between those. Good luck and hold tight you are just in that range.
Yesssss! I told you I will be watching for you and hold tight you are or were so close! Ugh, been there and done that with the lower offers before, and hurt yes. Now, I look at it differently though. If received the same offer or 1-3k higher at 70% that rollover just took the offer even lower and put it about the same. At 70% imagine how 7k would have been a gut punch. I am so happy to see your post! Thanks for the update!
I have seen others' posts from 2 days to 2-3 completely paid off. Again, you know what I have to say about it, and if or when you receive the next offer. I'm just giving you a general idea of the majority of users. I do know it is key right now to kick it in one of areas especially like more swipes, increase in the number of swipes, or volume of swipes. New customers vs return or regular customers. These loans are all based on an algorithm of some sort. Especially, ALL the the ones that offer loans. With 1000s of loans going out every day all day worldwide. You have to kick it in. I'm retail and I can run a floor model blowout sale for 3 days and boost my numbers from 20-55%. Find an area of the good things I've been listing and push it hard and see if that works
