I am currently 67% paid off on my current Square loan. I have noticed that a lot of people have been waiting longer than usual. Is square not giving out loans that much now due to the economy or what’s happening? We could really use a new round of capital due to the high demand we are expecting for the holidays, but Square keeps telling me the same thing and normally my account usually always gets reviewed around the same percentage. This year alone we have processes well over $210,000 Which is a dramatic increase from last year
I was Offered a loan after 100% completion of our loan repayment but it took longer than usual, like a total of 10 days and it was significantly less. In other threads people are talking about how they are wanting to offer short term loans that are less and easier to pay back faster. Thats what unfortunately happened to us. We got offered a tiny amount, triple less than what they usually offer. So disappointed
I haven't been offered one in months and my processing increased these past 12 months. As a consultant my payments are not daily nor weekly so sometimes metrics are not all green. When they are all green though no offers. I could definitely use it as November and December are months that can help me pay back quickly but I am not too hopeful to be honest. Prior loan was offered with very little processing and paid off in a month. The algorithm seems to not be in my favor right now.
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