New Square Loan in 2024

I’m at a bit of a loss for what else I need to do to be offered a new Square Loan at this point. I’ve been with Square for over 10 years, had 7 loans now that I’ve have paid back early every single time. Metrics are all in green, record sales year. In 2023, record numbers across the board, no refunds, no complaints or issues of any kind in our entire history. Current loan is 80% paid off, but no new offer in site. This is the kind of stuff that causes businesses to find someone else to process through! Please help! I’m sure I’ll get the same old excuses that you guys send to everyone about looking at every aspect of the business. But there isn’t a single aspect that isn’t way up. I’m not sure if there is a new process they are using now, or if there is some kind of issue with my banking or something else I’m not thinking about or aware of. Any help would be much appreciated. Thanks, because I could really use some new capital to start the year off with and reinvest into my business!

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I’m at 78%, and all factors have been green. I’ve been using square for 4 years and this would be 5th loan. I’ve always paid way ahead of time and been ahead of payments. I wish there was a way to we could know if we’d be eligible instead of being misguided by their factors. 


Square was shut down yesterday disturbing our transactions and it has been happening way more often now. It’s really upsetting and messes with our business. If they need to do updates, then update at a time where businesses aren’t being disrupted. It may be time to explore other options after the loan is paid off if they don’t give me another offer.

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I’m on my 12th loan at 63% paid off. I got my loan Dec 11 and I’m already almost paid off. No offer insight. 

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Normally I would have had a loan offer by 70% but now I'm sitting here at 78% and nothing. It's really frustrating trying to figure it out. Smh congrats to getting your offer !

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Update ! 

We are 66% paid off on the current 30k Loan and got a new offer for $51,000 yesterday! Waiting for approval. 

It's only been barely a month too since we accepted the 30k loan. 

 

For those of you waiting for an offer, keep processing and keep the transaction numbers up 😃 

Hope your offers come soon. 

 

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Congrats on the loan offer! 

 

I had a loan offer for $38k in August and I am 67% paid off. September-October is typically a slow time of the year for me, so it really came in Handy.

 

I am hoping for at least a $50k this time. I am wanting to expand operations and that could really help me do so. 

 

 

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Did you ever get an offer?

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Presently just crossed the 75% threshold of a 11,000 Loan and hoping for a new one to appear any day now.  Hey everyone, send positive energy this way. My business really needs this loan right now.

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Did you ever get an offer?

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During the outage last week a random factor appeared for me that was NEVER there before. It is on the eligibility page and it says “account activity” right above processing volume. Further on down the page I have another account activity that has always been green. During the outage the new one showed up after my previous days account update and before the update happened the day of the outage. It says “needs work”. Has anybody else had that happen to them? Also- I have been completely paid off since august 2nd with no new offer. It was my 12th. I’ve always paid ahead of time and I’ve never had any issues with my account, ever. I’m so frustrated. Square tells me that was there all along and I have argued with them it was never visible to me and why one is green and one isn’t, in the same stupid category. 

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Good to see some offers floating around! We've hit 88% paid over here, and would love some extra inventory to jumpstart our 1st quarter, especially after our big move.

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Is anyone still getting loans in the 60% range? I’m currently at 60% on my 11th loan and have paid it back 4x as fast as the minimum due.

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I've always gotten one by 69%. Even last year when others weren't, I still received an offer. I just hit 69 today. If I get one in the next couple days, I'll update you!

AS
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Last time I received one at 61% and I hit 60% today so I’m hopeful. I’ll update you as well!

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I'm at 94%. All green. No offers yet. 

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After I contacted customer service I had a loan within days

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What did you say to them?

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Hello 

I contacted customer service and they said loan offer was generated by computer. I had 16 loans  with them 

usually I get offered around 65-70%
but now 80% but no offer yet 

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Same but now I’m at 90% and patiently still waiting 

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Did you receive an offer yet? 

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Literally got one today for 10k less than my last one even though I’ve been all green across the board but whatever I’ll take it. 

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Well congrats! I am at 79% of 37k loan! Still waiting 🥲

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