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!

[olivesageeee]

Same! Always been offered before 80%, my last one at 62%. No issues on my account. Currently at 84% and hoping hoping it comes soon. Good luck! 

[MrBond705]

Same here all green and over 85% paid

[Healthyketo]

Hoping for good news today. For any of us! 

[Jjpainting]

Well I just went from 88% up to 91% paid off.  Hoping that willl be enough to trigger a new offer today or tomorrow. I wish myself and everyone else the best of luck with an offer!

[Healthyketo]

Updated at 1:56pm and now processing volume “NEEDS WORK” I give up! 

[Swain]

This happened to me as well twice it has gone from good to needs work and back too good I’m not sure how much that affects your eligibility for it to go back-and-forth, but my processing hasn’t really changed drastically so I’m not sure why it keeps going back-and-forth

[ls725]

97% all green without any offers, I don't think I will be getting offers any time soon, I'm more excited about finishing off this loan to be honest.

[papaya19]

Does anyone have any updates today? 

[Jjpainting]

Nope not yet. My previous loans always came the day after a big sale, which I had one yesterday afternoon bringing from 88% to 91%. Hoping to get lucky today with an offer but not holding my breath. 

[ls725]

I've had huge sales this month, I'm at 56% increase in sales compared to last month so far and nothing.. lol

My increase in sales compared to the previous period is at 7,977,167.00%

when I got the first offer the sales were nothing compared to now, I hope this sorts out anyone expecting a loan because their sales increased lol.

My loan is at 98% paid.

[Twpchair]

Unfortunately, those that have received one have been trending a lower offer or the same as the previous one. I've seen just a couple higher but 1-3k higher. Those were really new to the loans as well. Second or third type loans. Good luck to everyone waiting 

[Twpchair]

Ughhhhh, fingers crossed my last offer came at 91%!!! I wish you all the best!

[Jjpainting]

Nope. No luck for me at 91%. My thing was updated around 3pm est. I think all my past loans came right around the time it updated. 

[Twpchair]

No unfortunately,  it's been really slow this week. Hopefully it will pick up soon. 

[BWcreamery]

I have been watching for a while now. I’m at 95% and still nothing. Owe $450 on a $9350 loan (10700 after fees) 

Received last loan in December. I’m shocked so many of us are this close to paying off or have completely paid off. 

Praying we all get one soon!

[Jjpainting]

Yeah I’ve seen a lot of posts on here of people’s last loan received last November/December who are waiting. My last one was November 28th. I got $1400 left to pay on a $14700 loan ($16927 total with fees). Frustrating. 

[thehealingplant]

No matter anything else, it's the lack of transparency. Ours was November 30th ironically enough and we just hit 78% today and will be under the payoff on the current loan credited to last by the end of the weekend. I'd take the exact same offer at this point but anything we can do to help keep us afloat in marketing.

[jackiebee12]

my last one was November 8 at 50% paid off and was almost double previous one. i had high hopes that I would get another at the 50% mark again or close after. 

i’m currently at 86% paid off and about to reach the “loan amount”. i’ve already paid off what was credited. i’ve always reached the minimum amount within 2-3 weeks. 

im in the same boat. if i can get what the last one was, it will be a huge relief. our first year took a lot of hits and i’ve basically been playing catch up ever since. 

we need to fix our parking lot and some spots in our building that have been leaking from all the heavy rain we’ve been getting 

[olivesageeee]

Sitting in the same boat! Hoping for us all. 

[Twpchair]

Unfortunately, it's been trending higher percentage paid back or completely paid off. Good luck to you!

[Twpchair]

Ughhhhh! Like I said I don't work for Square but if you watch last year's trend it was really dry June and and July were rough. But come September it was booming. I really hope you and all the others waiting come through fast!