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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Every single loan of mine came in on a Tuesday. 

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I had 2 on a Sunday. 1 on a Monday and 3 on Tuesday. 

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My last 4 have been Wednesday,Wednesday, Monday and Saturday.

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Hi Everyone, I hope you are all well. 

I've just swapped over to Square from another payment merchant ( about a month and a half ago ) I was wondering how long did it take you for people to get their first offer. 

We hit all the metrics on the checker pretty much in the first two weeks of using the platform. If it takes a few months or say 6 months I'll stop checking it every now and again for a while 😊

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When we first used square we got an offer our first  2 weeks in. But times have changed so not sure if that information is relevant anymore 

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When I started with Square back in 2021 I didn’t get my first offer until 10 months later.

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I think ours took about a month,  but not sure.  I know we processed about 40k that first month and a half. 

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how do you find out the date of previous offers without having to go back to the super old emails of those offers? Pretty sure I deleted them after soo many years of emails adding up

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On you square dashboard  .should be on the loans .is were I go to see my old ones

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all I see for my previous ones are the "paid off" dates not the date the offers were given

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We're it say paid off click on the loan should give option to download it how I see mines

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got it! thanks...so mines is all over the place...1 on a Monday..2 on Tuesday..3 on  Wednesday..4 on Thursday..1 on Friday..none on weekends

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Loan offer received today!

Offer is 50% of previous loan.

 

History: this will be 5th loan. Process over 350k, all green continually, up over 2000% YoY.. while I am disappointed in the low amount, this will allow us to put some more dollars towards marketing and get a ROI hopefully.. 

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Congratulations at least it's s ok something  .I wounder  does square  take in account the online ordering from our 3rd parties that's integrated with square  or just the cards they run cause I can be any to 2k to 5k a week with 3rd party orders sometimes

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Congratulations!!! Hoping for more offers to come along!!!

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That’s awesome 

so happy for you! 
Was your loan completely paid off 

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Yes fully paid off for about 3 weeks

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Congratulations! Woohoo!

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.

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Congratulations! Which industry?

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Got it today, info to follow when and if approved

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