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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I’m praying for you. You and healing were the ones I’ve been praying for!  Us 3 have been going back and forth on here for a while 

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Thank you! I’m just excited that things are moving along! Hopefully a lot of us waiting are next in line 🙏

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Are you being serious? Lol

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Dead serious. So happy for both of us!

Wishing HealthyKeto and everyone else the best of luck next!

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That’s funny.  Well good for you!  It’s something at least. Hoping our next ones will go back up to what they were

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Congrats to you both!  We updated hours ago so today is not our day.  

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Awesome! Congratulations!

I am hoping for a busy weekend with an offer!

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Square Champion

Yeeeeesss! Let's keep this rolling!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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I’m thinking about maybe making an additional $500-1000 payment per week on here or so just to see what happens.  I’m going to be at around 15% after today. Could be at 25% in the following day or two actually.  What are your thoughts on trying this?  

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Square Champion

Let's get this rolling! Congrats 👏 and I want this board empty!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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CONGRATS!!!!!🎉  haven’t updated today but haven’t had any sales today. Im so happy you received one I actually prayed for you and the others this morning. Hopefully others will receive as well!  Hopefully mine will come to I have a market this weekend and sales will be good so 🙏🙏

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Yeah there are like 4 or 5 of us who have been consistently giving each other updates. But $6300 with $150k in sales compared to my last one of $14700 at $128k in sales. That’s logical lol. 

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But I definitely could use it so I applied. It’s pending.  I have never had an application take longer than like a half hour so illl keep you posted if/when it gets approved 

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Approved in 5 min and in my account. 

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That’s awesome! Glad to see some movement on your end! 

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Thank you. Even with this one being 5% lower payback than last one, it will probably be paid back in 3-4 months in full. But I’m hoping it ends up being like last year to where I had an $8300 loan and at 66% got offered $14700. I should be right around 15% paid off after today. That took me what like 3 days lol 

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That’s awesome! That’s a good chunk of the loan paid off fast! Lol

 

Im at 99% now with $83 left on my loan. It was my biggest one yet but we are closed Sunday and Monday so we will see what happens next week! 

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I'm at 88% still no offer.  I don't remember ever having to wait this long

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I'm at 82% still waiting. I make my minimums like 6-7 weeks early every time, so card processing is up.  I also applied for PIPE as well.  Sent them the initial info (banking info, EIN etc.) they asked for, and got an offer. After the offer however, I waited about a few hours for approval of their offer (?) and even got a call from my account rep.  We didn't really discuss much in detail just a contact point, I guess. Later, I received an email that they wanted actually documentation info to prove I was a business even though I gave the info to them already. I decided it wasn't for me and told them to cancel my app and close my account.  I'll continue to wait for Square where it's a simple process.   

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I would continue the process. I just got my pipe loan deposited this morning. Process took about a week had to wait until square verified the bank account and then they have to verify some documents for me as well. Got approved yesterday, funds were deposited today. 

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Square Champion

Congratulations! That seems to be the norm a week. It is a good bridge between Square and waiting on an offer. Thank you for the update.

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
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