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!

[Tyconcrete]

That's awesome congratulations 👏. Happy for you

[BlueStarDFW]

Thank!

j will say, I was at 86% paid off for two days as I was taking small payments for a fundraiser we’re doing right now. But all green.

Then processed a large payment, which paid off the balance of the loan. When the dashboard updated, it said I was not eligible. Then a couple hours or so after it updated for the day, I got the offer.

Again, it was like 20% lower than my last loan, but a surprise offer nonetheless.

[Twpchair]

Congratulations!!!! Thanks for updating everyone waiting 

[jackiebee12]

congrats! that gives me some hope! I got to 94% today but today was the first day of school and riiiidddiculously slow after being slammed yesterday. I have about $1995 left to pay off of 29K, but if things pick up again i should be paid off in the next week or two. 

mine updated at 2:58pm today. all green. 

[Swain]

82% paid no offer 😫

[Tyconcrete]

Praying that everyone that needs one get one .iam at 84 % and usually about 1 %a week .Hopefully soon 

[SouthernSass24]

Did you ever get an offer 

[hopecafellc]

Just got a loan offer on one of our locations today!! (Still waiting for approval, so not singing victory yet). 
85% paid.

Sales 116% from same point last year. 
7 years with Square.

This would be our 11th loan. 

Offered 35% less than last time, the equivalent of one month's gross sales. 

[PFS36]

Woohoo!!! Congratulations 🎊 

[Toripori]

Still here, still waiting! Be nice to see some other UK based posters so I could compare what I’m seeing on my dashboard etc, I suspect it looks different to US based as I have no way to see when the last time the algorithm updated my account lie you guys do. Paid off since April on a 27k (first and only) loan which was paid back in 9 months and always way ahead of my 60 day minimum.

[Healthyketo]

Anyone gotten anything yet? 🙏🙏

[PFS36]

Not even a High Five or Birthday card lol

[Koleen1234]

No! Really need it 

i think i am in the same boat as everyone else 

[Bonzy2010]

81, all green still nada

[PFS36]

At this point,  I've decided to start collecting aluminum cans off the side of the highway.  Might possibly start selling pics of my dog's paws on onlypaws. 

[Bonzy2010]

let me know when you want to start, I'll join in and we'll double the cans collecting 

[PFS36]

You got it! We'll load a truck up lol

[Tyconcrete]

I come help I get a semi .I noticed my updates are all ove one day a 1pm then 3 pm 2pm 4 pm 6pm all over .not sure how or if it's normal or not. But anyways keep on doing what we are .I pray 🙏 🤲 every one that needs it hits tonight or very soon. 

[PFS36]

Our update has no rhyme or reason. It can be 1pm or 5pm. 

[Tyconcrete]

I did go back and look at all my past loans 3 of them came in on a Sunday and 3 were on a teusday  so .not sure if  that means anything or not so .

[Bonzy2010]

my updates have been all over the place too..between 1pm-5pm ct not really consistent so I asumme their system just do not have a standard time to run the update