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]

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

[Koleen1234]

That’s awesome 

so happy for you! 
Was your loan completely paid off 

[Sumtin2Eat]

Yes fully paid off for about 3 weeks

[Healthyketo]

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

[PFS36]

Congratulations! Woohoo!

[Bonzy2010]

so do most of you usually get an offer like well after the numbers update for the day or do some get it during the update? I'm trying to see what the consensus is because I never really paid attention to when the offer would come in vs the daily update.

[photoguy2019]

For me my dashboard usually updates around 3-4pm and the offers usually come in later around 6pm

[Fromwithin]

How can you tell the time your dashboard updates?

[Bonzy2010]

if you currently have a loan in progress..look under the "Loan Repayment" line and it says when it was last updated with a time stamp. If you are paid off then someone else might can answer that if it is even there where it would be at.

[Twpchair]

Hello, mine ALL come later. I updated 1-3 pm Eastern time. All the offers I've  had since the metrics came into play all have been Saturday night after 2-3 busy days, and Thursday is pretty much identical. My range for % paid back was 84% 91% and 69% this last Thurs? Offers 1st one, same as last offer. The 2nd one at 91% was 1k higher than the previous loan, and last was double of my highest offer. 

[Twpchair]

Yes, after you update (mine 1-3 pm Eastern) offers 7-10 pm 

[Fromwithin]

I got an offer tonight!!!! Finally! After being paid off for 2 months! 

[PFS36]

Congratulations 🎊 👏 which industry ?

[Fromwithin]

Thank you! Retail 

[Koleen1234]

Congratulations 🍾 

[Swain]

That’s awesome !

[Twpchair]

Oh, I love it! Look at boad. Congratulations 🎊 👏 💐 

[ApexSupply]

If Im unable to recall, where can I see the % I was at when I received my last square loan? Did math to get a rough estimate but not sure of the easiest way to tell. Currently at 72% and pretty sure last one was at 68? Hoping its comes soon and even though my last was my largest yet I hope its a little more this time as the additional boost has really helped increase my sales. 

[Twpchair]

Honestly, the best I can figure is doing exactly that. Before, I could always count on one 70-75%. Now it's been 91, 84, 81, and 69. I did a square folder on my phone, the date, the percentage paid off, and if I accepted it. It's easier for me and fast. Before, I did what we did, and I think it was within a point or two. Unfortunately,  that's all I know as well.

[ApexSupply]

It’s definitely frustrating. 73% today. I feel like it’s coming 😂. 

[Twpchair]

For months, it's been trending higher percentage paid off or completely paid off, and now out of blue, I'm seeing 1 o 2 at like myself 69% 65% and then 96%?? We still have some 3 mths or longer completely paid off, and everything is up and processing like crazy? I have an LOC at my credit union, and I know they are offering lending, credit cards, and LOC. About everyday they are offering something. This started about a month ago or so? Hopefully,  that's a good sign. Good luck to you and everyone waiting!