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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Square Champion

I’m at 69%. I probably won’t hit 75% until the first week of August but I’ll let yall know what happens. 

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Well not for me.  I just checked and mine updated an hour ago. Nothing.  I’ve seen quite a few posts on here from people whose last loans came end of last year, where the offers came at a lower percentage and almost double, who are in my shoes and not getting nothing. I really thought I would have had least gotten an offer when I got the actually loan amount paid off with just the fee remaining…but I almost got half of that even paid off. 

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Mine updated about 23 minutes ago. Praying for that 7p offer.

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So my last 3 loan offers were as followed. $7150, $8500, $14700. This one is $6300 😂.  Should I even take it?

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what do you mean by yours updated? as in your payment “for the day” or your status updated about when they last checked to see if you were eligible? 

 

i’ve never watched mine this closely so i don’t remember if my others came the same day that it updated and said i wasn’t eligible. i’ve been all green for well over a month and it unit went to needs work when i was gone for 2 weeks on vacation 

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I actually just got an offer!

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Let’s gooooo!!! Beers on you tonight! Lol

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Haha. After it pays off what I owe on my previous loan, it’s just above $4900.  Repayment went down from 17.25% to 12.5%. This would be paid off within 2 months 

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We got one too! Exact same amount and terms!

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I’m so happy for you to!!! 🎉

pray for me! 🙏🙏 

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I’m praying for you. You and healing were the ones I’ve been praying for!  Us 3 have been going back and forth on here for a while 

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Thank you! I’m just excited that things are moving along! Hopefully a lot of us waiting are next in line 🙏

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Are you being serious? Lol

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Dead serious. So happy for both of us!

Wishing HealthyKeto and everyone else the best of luck next!

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That’s funny.  Well good for you!  It’s something at least. Hoping our next ones will go back up to what they were

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Congrats to you both!  We updated hours ago so today is not our day.  

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Awesome! Congratulations!

I am hoping for a busy weekend with an offer!

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Square Champion

Yeeeeesss! Let's keep this rolling!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question, hit the kudos button. Thank you!
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I’m thinking about maybe making an additional $500-1000 payment per week on here or so just to see what happens.  I’m going to be at around 15% after today. Could be at 25% in the following day or two actually.  What are your thoughts on trying this?  

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Square Champion

Let's get this rolling! Congrats 👏 and I want this board empty!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question, hit the kudos button. Thank you!
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CONGRATS!!!!!🎉  haven’t updated today but haven’t had any sales today. Im so happy you received one I actually prayed for you and the others this morning. Hopefully others will receive as well!  Hopefully mine will come to I have a market this weekend and sales will be good so 🙏🙏

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