New Square Loan in 2024

[SPPhotography1]

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!

[Fitnessgirl]

81% I disconnected my bank account as i felt connecting it might of hurt me. 

[Jjpainting]

How did you disconnect it?  When I first signed up with square, I connected my regular checking account for transfers. Then when the option came up last year to connect it for loans, I did do just that. I was thinking the same thing about disconnecting it for loans, but not sure how. I don’t want to disconnect it for transfers though as I know they are connected in two different ways 

[Fitnessgirl]

I removed access by doing it through my bank app under security settings. By removing permission through the bank app this in theory should stop it from reading account information. I've still been able to cash out with square so it hasn't affected that. 

[Ann14]

I need to unlink my account with square but idk how 😢

[Fitnessgirl]

I "unlinked" access by doing it through my bank app under security settings. By removing permission through the bank app this in theory should stop it from reading account information. I've still been able to cash out with square so it hasn't affected that. 

[Healthyketo]

99% paid off now and still no offer. Anyone receive one recently. I’m beyond lost for words cause have never gotten this far without another offer and this is my 6/7th loan. I really love using square they have been the only POS system I’ve ever used and don’t plan  to change to anyone else. Just frustrating not knowing when I can get more capital to grow my business. I’m praying I get an offer soon! 🙏 square please help this small business owner out! 🙏

[Ann14]

I’m sitting at 79

currently 😢 

[beautyspabrow]

I'm sitting at 83% no new offer, this is my 8th loan.. I'm so bummed all markers in the green income daily 

[Healthyketo]

Still at 99% I only owe $113 on this loan and still nothing in sight. I’m giving up. Been a very loyal customer with square for years. A new offer would benefit my business so much right now. But feeling stuck without the boost. Hopefully today 🙏🙏🙏

[Candice5040]

I’m at 76% paid off and all of my other criteria’s are in the Green. I’m really hoping for a new offer soon. It helps my business a lot around this time of year! 

[Fitnessgirl]

I am happy to report i did receive an offer at 82% yesterday. Just waiting to see if it's approved. This would be my 3rd loan and it was less than my last loan by $1500. No complaints though the extra capital is helpful to expand my business. I don't know if it's a coincidence or not but it came two days after i disconnected my bank account that they promote for better offers. 

[Healthyketo]

Congrats! I hope your approval comes soon! I’m still waiting my account was last updated today around 1pm but no offer yet. 😔 I’ll probably be paid off by tomorrow or Thursday so I’m hoping I get one soon.  I’m looking into getting into a coffee shop to sell my products but need the extra capital to make it happen. Would be a great opportunity for my business. Prayers that you get approved today! 

[Fitnessgirl]

Thank you so much! I hope the same for you too. 💚

[thehealingplant]

We're patiently waiting on ours as well 🙂 HIt 69% today on our biggest loan (and 10th) so far. Definitely could use the help to keep marketing rolling 🙂 Congrats to those who have gotten them!

[BodyLabPhilly]

At 81%, all metrics are green. Like everyone else, really hoping an offer comes through.  Would really benefit my small business.  

[beautyspabrow]

Has anyone got an offer recently? I'm starting to think they've stopped offers because it's insane how many people don't have one yet I'm so in need of an offer $1000 in sales today again 84% and nothing 

[beautyspabrow]

I'm at 84% 8th loan all paid early before the minimum dates - no offer in sight I'm starting to think they've stopped offers because it's insane how many people don't have one yet I'm so in need of an offer $1000 in sales today again 84% and nothing. PLEASE SQUARE 

[Twpchair]

Unfortunately, I haven't seen any last week or this week yet unless I missed it. A couple of weeks ago it was pretty active about every day someone was posting on an offer. Mostly higher percentage paid back a couple completely paid off for a couple of weeks and received one. Good luck to you!  

[Healthyketo]

I’m on a different thread and they are very well giving offers out. A few got 1 this week.  I’m sitting at 99% all green in good standing and nothing! Still waiting patiently. I’m hoping one will come soon! 🙏

[Twpchair]

Yes, they definitely are. Unfortunately, out of millions of users, not everyone posts on here. I wish more people would it helps others kinda see a trend for a percentage paid. We are all different and unfortunately, nobody has cracked that algorithm yet! 

[Gfowler]

84% paid, all green. Third loan. Still no offer 😞