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!

[Swain]

We are a window cleaning company and have had multiple loans in at 81 % and nothing 

[Healthyketo]

You should be receiving something soon. Alot of us food people been paid off for a while and no offer. I’ve been paid off since June 28th and still waiting. Sales are up all in green and nothing 

[PFS36]

Still nothing at 89% all green,  sales ticking up (mostly cash) . Guess we'll just roll with it and get it paid off. We'd love to have a boost, but we're getting by.

[PFS36]

You could be correct.  We see a lot of people that have no experience in owning a business,  much less a restaurant and they get money then go buy items they couldn't afford before rather than putting back into their business.  We put everything back into the business. 

[jackiebee12]

Yes, we have a seen a lot of people jump in without any prior experience. I’ve worked different food industries from production, to auditing, and restaurants. I have my bachelors and masters in food science and food safety and have worked my butt off to get my restaurant going but we’ve had so many setbacks with our ac, our vent hood, our electrical. last week my window was shattered by a rock!! 

my sales have been up and down and my tax return got lost by the IRS. my life is murphys law sometimes but our community and my staff usually rally behind us. we just need this loan so we can BREATHE 

[PFS36]

I understand completely and was just saying that sime, not all . Our vent hood went out last week,  plumbing needed work, short-staffed,  etc, so I get it. Not to mention food costs, utilities and everything else under the sun has gone up.

[Twpchair]

I don't get it why customers are surprised if or when a restaurant or food truck raises prices? 1. Where have you been the last 2 yrs? Do you eat, shop, and put gas in your car? It truly baffles me to go leave a review of great food. Great service, but prices are almost doubled! 1 star. Apparently, small businesses are supposed to just go in a hole and absorb all the higher costs so you can still have your 5.99 burger. Nope, of all sectors and all areas, we get it the most! Small business is the backbone of the world and we are on our own right now and without you or me and all of business good luck shopping at Walmart only or hope you don't get tired of the golden arches. You want a pizza. Hmmm, I hope you like little Ceasars. Yuck! Sorry for the rant 😅 I get tired of it too. Good luck!

[Tyconcrete]

Oh I get it buddy believe me .it's nuts I asked a lady were do you live under a rock or what .can I have a ranch yea how many they are this much .oh!!!!? There not free yea I go get them free they don't charge me cause ism a nice guy .lol it shocks me as to what people think and expect. But thanks for ur input 

[Twpchair]

Ughhhhh, hello, my twin is in the IRS department! Thank goodness I use a bookkeeper every month and yearly for 12 years because they can't find mine this year after 12 years? I stress about my shish tzu not eating, let alone taxes smh but our accountant said that is what I'm here for, and your company is covered for 5 million l😆 😂 😅 🤣  I wished! Oh, our roof yesterday had a limb from a "strong storm" tornado really stuck a limb in my roof and I'm not there due to a family emergency and friends kicked in and kept the store open for 7 days! Ughhhhh, hun when it rains it pours! Do you have a good relationship with your bank or credit union? I have a great small 5 branch credit union and got a line of credit in about 2 hrs and an account set up and cards everything link and done. I'm not trying to steer you away from Square but if it is an option until an offer comes? Please 🙏 keep me updated and let me know how you are doing! Good vibes your way!

[BodyLabPhilly]

I’m in the spa/wellness industry at 92%. Nothing yet.  It will be my 7th loan. Normally get offers around 75-82% 

[Tyconcrete]

I believe it's all across the broad  .

[PFS36]

Was wondering, too.

[Tyconcrete]

Be nice to know if anyone knew .thanks in advance. But hopping and pray that people get the help they need 🙏 God knows I need it to making it easier. 

[PFS36]

Amen! Every time I see that someone gets an offer, I get excited for them. I really enjoy seeing everyone succeed in small businesses. 

[Tyconcrete]

Ameen  we all have to help one a other. Us little businesses. 

[Veeivee]

I'm curious. Has anybody checked their loan eligibility and it hasn't been updated in a day? Does that mean that a loan is on the way? 

[Solstice]

I’m sitting at 90% almost 91% paid back and I updated at 11:30 yesterday it’s 2:06 now and no update… and the past days have been earlier as well so I’m hoping there is one on the way! 

[Solstice]

Finally updated… and nothing… this is really becoming frustrating 

[mydpins]

I have been busy all week thankfully with the holidays and today which is one of the busiest days of the year it updated early before we opened. It is very frustrating. I am sorry that you have not had an offer yet. 

[Parisbarnes]

So you got a loan offer today ? 

[Twpchair]

I've been on a 2 weeks of cash and checks! So processing every still but not like the cash and checks! Almost 20 to 1!!!! We go through it often lately in retail furniture store.