New Loans With 50%+ Paid Off

[Davidjohnedgex]

Hello All, 

I am reaching out to see how folks are finding loans in March and April 2026. I currently am sitting at 56% paid back from my largest loan to date. Sitting on my 5th loan within 2 years and I have seen new offers come in as low as 40% paid off to around 75% paid off. Have had steady sales and growth. I know it’s all up to the algorithm and not much more help beyond that. Just would love to hear if other folks have had success recently with new offers around this number. I do have 100k plus yearly sales as well. Love to hear from you all! 

[VanKalkerFarms]

As you know, there is no way to know.  Square starts nearly 2,000 loans a day, but there are millions of users.  I have seen a crazy low 27%, and I have seen not getting one till 13 months paid off.  Depending on Square loans is not a strong business strategy, as it is variable and variables outside your control are a negative.  To best solve the cash flow issues, the overall business needs to be looked at, but a dependable and relatively cheap way to access funds is setting up a Line of Credit or RLOC at a local bank.  You only pay interest for the few days or weeks you borrow against it, and then it costs nothing to be available for 6 months till you need it again for a couple of weeks.

[intlogistics]

I too was wondering the same thing. I was offered a small loan that was deposited March 24th and I am currently sitting at having it 58% paid off. I started asking certain customers to pay via credit cards instead of wires, zelle, ach etc - although I lose a bit of my profit it shows Square we can have these loans paid off in a timely fashion.

[TheRealChipA]

@intlogistics These days getting a new loan offer at anything under 80% is considered something of a minor miracle.  I don't know if you have noticed or not, but the lending market worldwide is a mess.  Interest rates are high and don't show any signs of going down any time soon since inflation and employment numbers are going the wrong way, too.  Square lending is being cautious.  It sounds like this might be your first loan?  If so, then I would definitely not expect a new offer any time soon.  Many sellers are paying off their entire loans and even waiting for a few weeks afterward.  A lot depends on your card volume -- if it is flat, going down or not much above what it was when you took out the loan, those are pink flags that will cause the algorithm to wait.  Square does NOT want to get its sellers overextended, especially new sellers.  You are doing the right thing -- increase your sales and ESPECIALLY increase your card processing volume since this is the single most important factor in getting new loan offers.

[intlogistics]

@TheRealChipA appreciate the feedback. Good to know that increasing processing volume is a good strategy. The market is definitely a mess right now and honestly this loan was a shock so all in all no complaints on my end. Processing will continue to go up and current loan should be paid off soon - I will then sit back and hopefully be given another surprise. 

[Papaya]

Hi @intlogistics !

Thanks for your post.

The information shown on your eligibility page is usually refreshed in real time. You can see the last date and time your loan eligibility was evaluated under “Eligibility factors.” If you become eligible, you’ll be notified directly on your Square Dashboard and via email.

Please contact us directly, our Square Loans line is open between 8am-5pm PT Monday-Friday if you want to give us a call.

[intlogistics]

@Papaya Very cool! I was unaware that we can see last evaluation date/time. Just logged on as customer made a nice payment and I am at 93% with last eval yesterday afternoon. Nice to have a better understanding as how everything works. Thanks

[intlogistics]

100% paid off as of 04/26 yet no offer (paid it in a month a 2 days basically). I would imagine its going to be a couple of months as the lending game seems tight right now. Heck I was surprised with the loan I received Mar 24, 2026.

All metrics green, processed $42,965.00 so far this year (I am trying to get more customers and agents on board), last year processed $71,333.32, and if calculating the last 12 months I've processed $99,212.59. Will continue to update

[intlogistics]

New update - loan offer received today 05/02/2026,  prior loan paid off 04/26/2026. Got offered slightly higher than prior loan but its ok as I am just getting into constant card processing.