I am happy to hear it's going up! Like I said dig deep, think outside of the box, and see if you can help bump that percentage to do a jump of 2-3 pts in a 2-3 day span. I don't think you told me what line of work you do besides your slow time. We can't guarantee you anything else. Believe me, if I knew that I wouldn't be here typing to you! I would be in Vegas 😆 besides sitting back and waiting for your turn to pick you off. There are things that you can do to help get those numbers up. Loads of us can jump on and we can help you with that! 4-5 different ideas are worth the shot. All of my offers have come after an update. I am usually around 1pm. Sometimes on the weekend, it's 1-3 pm. My last offer was in Feb. I updated at. 2pm deposit hit at 5 pm. I went to look at the numbers for the day around 6:30 pm and boom there it was. I accepted that one. 20 minutes later approved. Then the long wait. ACH’s don't move on the weekends and on Monday it hit around 2 pm that afternoon. Remember though, you have to process to update, if you don't swipe, or take any payments like an invoice something coming in through Square (cash doesn't count) It doesn't update when you have no activity or are not processing cards.
Yes, I remember you were holding tight. I asked if you taking or waiting. It didn't take too long. But if I remember correctly you were doing some amazing numbers and processing right through these offers. We talked about why. I am happy that they adjusted it up. That's always a crap shoot. But, you have the numbers to back it. Trust in the process. It's not always when we want it or need it. And like I said you are newer and as you grow the longer you're with Square and build that history (it is a key point) your offers will grow with you. Unless you went to your local bank and stacks of paper and the credit score that you dream of and got a 20k loan. No POS is going to start anyone off with huge numbers. I hear it daily but the Rep told me, that's their job! Honestly, a simple Google search of any POS loan process will state and state the same information word for word. You are starting from scratch no matter where you go or start with. I am glad that you stuck around.
I understand honestly I do. Unfortunately, right now it's not just you. It's lending in general that is holding tight. This is why we are seeing your percentage paid back higher to completely paid off. I can't remember seeing this many paidoffs before. You have brought up your numbers, your increase is awesome btw great job there. And everything is good. Good luck to you and I wish you the best!
Yes, Square lends out loans daily. However, not everyone shares their experiences here. There are no guaranteed offers or when but they are still lending it's just hard to see the amount daily especially since many users don't post it here. The percentage paid is running high, to completely paid off. Additionally, the moderators have a new pinned post that explains the details behind this. Hang in there; you're at 82%, so you're getting closer!
Are your metrics good, including prior loan history? If everything looks good, it’s just a matter of waiting for the algorithm to select you. Good luck! If you have any further questions, please let me know.
It's been trending higher paid-back to completely paid off honestly. Not all, of course, you will still see a handful of '70s pop in but not many. Most are around 85-95% range. Great job on the metrics! That is why I usually ask. Growth is great! They are looking for increased sales, swipes per day, and new customers, and your prior loan history and years with Square all are great and show a good healthy business, and of course no or little as possible chargebacks, returns, etc. Good luck and hopefully very soon!
Yes, many at 90% have. They trending higher to paid-off completely. All the newer updates in 2025 loans are pinned up top. This would be loan number 4 or 3 which is fine either way. Year number two, thanks for the metrics added and the algorithm running at warp speed vs when I started they are coming out faster for newer users receiving loans. When I started it was completely paid off or close to it. You're at the stage where at 2 years you are establishing a relationship and a pattern of processing with Square. As I grew my business grew so did my offers. This was many years ago. The metrics are a great tool for us to monitor our business and processing. It plays a factor in helping to determine your offer along with other factors. @marbreaks it down perfectly. Besides all of the above-mentioned that is part of it. They take into account your whole account. History with Square, prior loans, etc, also if or when you receive one. All play a role in the algorithm picking off your account and if it requires a 2nd look at it to extend you an offer now or not. On the whole, it's trending higher % paid back to off. Not all of course as we are all unique you still see a handful in the 70s but not many. 90% is a great range and my only advice is to kick it right now and boost all those green from good to great. Good luck to you.
It's hard for us to watch you all as well and hope you are the next one up or see trends and hopes you are so close don't give up now and boom 4-5 days later see someone pop up with FINALLY!!! I just try to remind people shake off the old norm and remember about what % you were and watch the board and scroll through it and you will start to get a feel of ok I am 72% I might need to kick it in or remember what % and they are not going to gear from it. You will see the random 70-range pop-up here and there but on the whole, it states a higher percentage paid back to fully paid off. We all just need to remember that when we start hitting 70-75% and wondering where my money is! 😂😂😂😂😂
At least you understand that, unfortunately, it’s a bit of a gamble. If you're not experiencing significant pain and business is steady, I can relate. I don’t accept every offer either; I tend to wait until closer to winter if it's a good one. I completely understand where you're coming from. Good luck with the dice roll! Hopefully, it will turn out better.
How have you been doing lately? Have the cards stayed steady? Hopefully, they kept swiping, and you can get back on track. It is kinda a catch-22 when it comes to cards vs cash. You're doing so well there and enjoying it which is a plus. Business is business regardless unfortunately we can't control how they pay for your services. Growth is great and accomplishing so much you hate to downplay that. Who knows maybe one day they will be able to factor in cash and checks with a little more consideration than just linking your bank account. Just saw your old post and checking in with you.
