I get that I believe both I saw yesterday were half or around it. Usually, the way it's been going but they took it for the next offer it doubled or up 60/65%. Not all of course but I go by numbers and what's trending. I don't take all offers. Especially, in the summer till Christmas time. That's my busiest time. Well not the offer you wanted but good luck with your decision and keep us posted.
1. You did the Pipe correct? I was wondering if that would affect your offers. #2. While you are processing through Pipe if an offer would be available. This is just IMO I would look through any new loans AFTER you are all hooked up and using Pipe and see if in the new loan agagreement if Square takes into consideration the amount of the LOC and say with your daily processing volume, the health of your business we start to see instead of a 20k offer minus say 4k an offer of 16k. I know one square isn't going to let you get into a situation where you can't pay it back or the minimum due or with their rate depending on each loan and Pipe at 10%. I am off today because I had to go in on Sunday (my day off) and fill in. I will tag in a couple of Mods and see if I can get one to answer and not say call customer service. It's more of a general question, not my personal account info online. Let me know when you get your deposit from Pipe and then I will hit the mark as the best answer you can too and then you can see when your next square loan offers come and look right here how long it takes if lower by the amount of the Pipe loan. I think us users will have to pin this down by communicating and following the trends for now.
Congratulations and thank you for the update! So just about one week from the offer to deposit. I'm sure that will vary a bit on what day of the week you receive an offer. 2. Not a ton of documents they needed. Seemed pretty easy to use and upload information going off your post. Just trying to get a better feel for the next group of offers or if it is a new daily thing. I am 100% sure imo 😆 that you guys were the test. Batch and see how and make sure no bugs along the way. The only thing I saw was the the waiting on Square to verify the account. Hopefully, they can work on that going forward and speed it up. Honestly, compared to a big bank it's about that long if not longer if the board has to approve it. We might be looking at the future here for loans????
That is the worst part waiting for the weekend to end! Then kick back up on Monday! Hopefully, those waiting where you are which seems just about everyone but Jjpainting hopefully tonight or tomorrow morning it's deposited! From everything I've read 📖 it's the initial setup that takes the longest. I couldn't believe the amount of 3rd companies out there that work with different pos and multiple types of lending or financing. Good luck to you all!
They do! I normally slow down as well as people don't know what or which way we are going. But this year I haven't so far. I know when I see Christmas in the other stores get ready. Well, it has been and last Sunday I filled up half the store smh all week bag and bag. On Saturday 90% of sales were Christmas items already! They said it's so depressing Christmas just makes them feel good! Happy day to you then and if that works for you awesome!
I'm looking through everything and have read through their loan agreement and from what I take as im reading through it. It shouldn't go against your square loans. They (Pipe) take into consideration as a 3rd party lender what your offers range from. I guess the way I took it was you getting a credit card, a new truck they use your debt-to-income ratio, and that is why we are seeing 4k to 4,600.00 max so far. Will that adjust im guessing so as the 2 companies intertwined with each other more. It is a start a huge bridge to get businesses funding instantly (I pay mine off immediately at my credit union) and use it for emergencies or inventory at a deal I can't pass up on. All of the above is just reading others' reviews and going off of Pipes's website. I don't work for either company. Their customers are happy that BB is a good standing with them. I guess we will see! I really hope people start posting here especially now! Their example, the documents needed, to letting 3rd parties into their accounts have to be done manually anything that might help others. This was rolled out pretty quietly and it looks like us will have to keep everyone updated! Thank you for explaining everything along the way!
