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 linked mine awhile ago, but my offers still come around 80% and the amounts are always the same so I don't think linking it changed anything.

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Square Champion

I don't have my connected to my account. I personally haven't seen 1 person say "wow my offer doubled" by doing it. As far as the 2nd question many report that the offer went down not up. I might have 1 or 2 in years that got a slightly better offer most go down. Just myself only if I don't need it I don't take it! If I do I don't hesitate or try to wait and play games because I see the trends. Good luck to you! If June is better put that 20% aside and that's probably close to your loan offer that keeps going down! Good luck to you!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
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I never received an approval email this morning so I went ahead and reached out to my Square Account Liaison to see what was going on. She then reached out to the internal loan processing department and coincidentally I got the approval email and the funds within 30 minutes… I only reach out to her when I have issues or concerns and she always comes thru! I don’t know if she actually “did” anything but it was just insanely coincidental! 🤔

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Nice that you have someone to reach out to. Any time I've ever reached out to anyone they just say sorry it's all automated and wrme have no way of helping. Seriously that's so frustrating 

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Glad it got approved! I'm waiting patiently for my offer to come early ! 

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I had my funds a day before my email I believe I told you before I watch my bank account first. Glad you got your funds. Not just or directed towards you honestly, but things are running different and it's been trending that way for a year. The good Ole days of 60/70% aren't happening neither is the rate or speed of loan signing and funds for most. 3/4 yrs ago offer came in and 10/15 minutes later approved usually the next day or that night depending on the time of it that night. I know people get nervous or think there is an issue but I'm on here everyday helping and I see the trends and timing. So happy for you and congrats again!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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I have had multiple loans through square , reading other posts seems to be waiting longer to offer. Good luck to everyone i will post if i get one 

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I've also had multiple and usually get an offer in the 80s but was hoping for an early one since some people have posted they've gotten early ones .

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I just received an offer at 87% it is almost half of previous loan, but I am still grateful to be thriving enough to receive one. Soo many businesses are in jeopardy , hang in there all they at least are still investing in us 

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Ohhhhhhh, hun I am so happy for you, and I appreciate you hanging here and always helping and keeping people posting! You rock! I am sorry it's lower, but my last 2 bounced to the same or slightly higher. It's tight on lending right now, and with all of us being so unique, some are doing over the top or below or the same. People need to realize they are a business as well and take into consideration weighing the odds. Congratulations ❤️ 

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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At 95% all on green and good standing. Has anyone gotten an offer after account has been updated for the day? Just curious. 

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Yes, last week they were posting about every day! The percentage has been trending higher % paid for most (not all) hopefully, Monday they start back up again! Good luck there are a lot waiting! 

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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Yes! My last offer was March after a 3 day sale and extremely busy. Around 2-3pm eastern time I updated and it was a Saturday about 7pm I received an offer. I'm not sure if it was the weekend or just happened to pop up later compared to a weekday. Honestly, I'm on here daily and follow the trends and help keep people encouraged and hold on. I don't usually follow my update time. I pay attention to if I accept an offer and approved my credit union first and then my loan circle of % paid off. If it goes to zero then I know I'm good and watch my bank. My emails are running a bit slower than the system processing it. Maybe it's just me as I use a different mail than Gmail. 

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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Yes my update came in today at 450 and 7p I had an offer. The update was still not eligible then it changed 

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On my 17th loan now in 5 years and never had a problem paying any of them. Always early and receive another offer around 70%. At 82% right now on a 73k loan and nothing as of yet.

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I’m on my 4th loan, all markers green 82% paid and no offer. I received offers 60-70% paid on my previous loans. When this loan is paid I’ll probably be switching to Shopify. Their customers seem to be getting better offers sooner. Square has gotten a lot of money from my business but it seems like they aren’t trying to keep my business by continuing to offer working capital consistently.

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Square Champion

Good luck! Try finding a good site for reviews. I would never tell anyone how to run their business or what's best for them but I reviews I read were very similar as here. Good luck to you and I hope you get an offer soon! 

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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Hopefully something soon! 

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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Has anyone’s loan status ever changed to “eligible” rather than in progress before getting a loan offer? 

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Sorry about that a customer came in. When you look at your past loan has the circle pie graph gone back to zero not whatever was there before like 89% and look at loan history of previous loans and it should say when you previous loans where paid off. Look to see if this last loan is there.

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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I’ve only had one loan and I’m currently paying it off. Just wondering if the “in progress” changes before another offer comes in?

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