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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That part was odd, but it seemed legit. I transferred $1 into my new account with them and the money was deposited instantly. Like I said, it seemed legit, since I don’t think Square would allow it if it weren’t. But I would contact Square and ask if you feel uneasy. 

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I don’t feel uneasy. I’m just curious. So you had to manually input your pipe account number into square and wait correct?  

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Has yours went through? I was told it was in review and than just checked and now I’m able to reconfigure but says it can take 2 days. 

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How long after signing up were you sent your funds?

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After everything was set up it was instant. 

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Square Champion

Thank you for sharing it here! It is posted in a different thread. People here should know if they see it pop up. ❤️👍

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
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Weird on my end went to check on my loan I'm currently at 93% paid. My minimum payment was due today (it's been paid for over a month) by list that shows all the things needed to get another loan is now missing. Anyone else have this happen 

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Check right underneath the loan circle and see if your current loan is there with the other paid-off loans first. I've had my metrics disappear if I happened to check it between 1-3 pm when I normally update but it's back shortly. Only 1 time when it disappeared that night I received an offer on Saturday night. Hopefully, that's why. If not and nothing changes I would try contacting Square today. Make sure you tell them that you are not asking about a loan fast but I would hate to see them take out a payment when you are paid off! A few things could be going on. 1. You're not updating correctly 2. You could be in the process of getting an offer 3. All of the above are just from my experiences and others on here with the same issues. Your last payment or final payment was it taken out from your daily sales or did you pay it off manually? If manually it does take 7-10 days to post or show up on your account. Good luck and I would try to stay on top of it. Please keep up posted ok. 

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Any updates or changes? 

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
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Not for me, up to 76% no offer

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Mine since last June was 84% and then 91% and the last one in March at 69% paid back! Nothing changed really. Sales are up, more credit cards in the winter though (our warmest winter in Michigan), and our snowbirds mostly stayed here. But to go from 91% to 69% really with not much changing baffles me. I didn't or don't usually take offers at 69% and a 1k increase over the previous offer because I roll over more of my offer and get less. I did accept the 91% with a 6k increase which is still lower than normal but better than 50% less! And I got all my offers and about 5k more. Believe me, I understand that if need it and it comes in you and only you know what is best for your business! I'm hoping it breaks soon but I've been saying this all summer! Good luck to you and everyone waiting!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
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Currently sitting at 62%. My last few loans have come in between 62%-83% with most in the 70s. This loan is from April and I’ve paid it back 4x faster than the minimum. Sales YOY are up 63%. All metrics have been green every single day since I accepted this loan.

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Last month and all summer I could have said for almost everyone the % was high in the 90s paid back to completely paid off before a new offer. This month if you scroll down a handful from 69% to paid off. It's bouncing around and unfortunately, most are 100% like you! Sales up paid off the loan in 1/2 the tiime and nothing yet. With an algorithm imo is like watching a bingo ball go around and land on you or the other in front or behind you. It's frustrating and confusing. I was hoping that the Feds cutting rates would ease lenders and we could get back to close to semi-normal offers. That hasn't happened yet. I think imo they are watching the bigger picture around the world and the overall health of everything! Good luck and hopefully it breaks soon!

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There have been some glitches with metrics and they are working on it. Oct 26th was a big crash in certain areas here in the USA and more oversees to all crashed and they couldn't even take a payment. They had to invoice customers the businesses that could and then catch up with all their metrics. That's why people are posting my updates are coming in a few hours later or ghosting and gone? They will come back and hopefully updated everything along the way! Others no science on this theory but they said when it ghosted it came back with an offer? Coincidence or luck or true?

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It has been a while since I originally joined this thread. In April I got an offer at about 86% A couple weeks ago I got a SQUARE offer about 25% higher than previous loan at about 68% paid. My sales are definitely climbing as this is my busy season. I do have one suggestion in this thread though. If you are talking about loans from other companies can you make sure to specify? It is starting to get hard to follow. Thank you!

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This gives me hope! I’m at 69% of a large loan in just 6 months. Sales and processing frequency have continued to grow. Hoping for an offer asap. 🙏🏻

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Square Champion

Hopefully, but I've only seen a handful of users post in the ''60s-'70s most are 80% and above. But, you see it does happen! Good luck to you!

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
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Congratulations! Other loans are you referring to the ones for about a month that were blowing up? I believe without scrolling through a ton of messages is Pipe? One of the users suggested it and it seems to be helpful to many people who are hurting and waiting for an offer. Most I have seen received an offer of around 4k to 4,800.00 just about 1 week from the start to deposit. It's described as more of a line of credit. In the reviews, most say it is just that initial start-up, and after that they just around 50-60% paid-back offer you to extend, and the next day the 2k or whatever the amount. If you mean other pos that offer loans. I know PayPal, Clover, stripe off-hand, or I hear the most about. I'm sure there are more but those come to mind. 

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I just mean when people are talking about other things to be specific since most of us are looking at info in square. Just to clarify in their post if they are talking about a different source. 

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It does get hard especially in the last month or so because so many people were getting pipe loans every day! There were a few approved for both Pipe and Square loans on the same day and deposited on the same day! It was a great thing but hard to follow who or which loan. 

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
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I've been following this thread because I'm at 73% on my square loan and could really use it. I tried Pipe but it's not giving me an option to input square at all. It's telling me it only uses square and stripe though. It's so weird. I'm really hoping for something this weekend 

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