That is awesome and that is one thing about small towns in America they will rally around you and give you all the kudos and support! I'm rural mid Michigan and we are all mom n pops besides the 10 dollar generals every 10 ft 😆 🤣 😂 just kidding but we do have 5 with a one 4 way flashing light!
August 1st Square shareholder letter came out with another outstanding quarter for Square Loans. More loans than ever were started in the last 3 months, an outstanding show of commitment to the service.
"Square Loans facilitated approximately 142,000 loans totaling $1.45 billion in originations, up 32% year over year."
That breaks down to almost 1,600 loans a day (66 an hour, or more than 1 per minute). averaging $10,200+ per loan.
So yes, there are THOUSANDS and THOUSANDS of Square Loans happening all the time. It is unbelievable that they can get this number of loans even facilitated, that is a staggering number of loans to Square customers. It wouldn't be possible without the Square Loans Algorithm going thru and promoting offers to be given. For every one post on here saying they haven't gotten a loan or 5th offer, 10s of thousands have gotten loans. The service keeps growing though it may not seem like it to a user that is waiting for their 3rd loan.
@Twpchair
Thank you so much. You are my hero! It's so hard 😫 and I wished more people used this forum so people could see and realize Square is worldwide, not just the United States. I see a couple of people from Canada and England on here regularly, and besides that, it's honestly about it. But people do need to know that even though Square is worldwide, it's still lending daily hourly etc they are a business and have share holders to answer too as well. So, if things slow from just the ones here, they have to answer to them as well. Last year was identical so far, and boom, come September till about late/mid June it slowed down and then went crazy. I feel so bad because I know sometimes sh*t happens like the hood oven 😪 unfortunately, without having a backup like we do with a line of credit you are caught. I would be fired after the end of the day if I worked for Square because I would be like Oprah, and you get a loan, you get a loan, and everybody gets a loan! 😆 🤣 😂 unfortunately, I get to work like everyone else 24/7, I think 🤔
Yes, they do very well each year. Each year is better than the previous year, and they lend the most as well! Each quarter seems to go up and up. I know it's hard or mind-blowing, but being worldwide and Square is top rated, they really are lending each and every day. I would have to ask what percentage post here. Personally, I noticed that about 95% are from the USA, and I have seen a good amount from England and Canada. I can't say if I have seen any other countries at least posting here. I really wish more people would use the community threads. It helps others waiting for an offer. There are some great threads on here, and most just don't know it or don't use it. Looks like the books and numbers were good, and the market is semi stable. That's good, so hopefully, it loosens up in our Lil town here loanerville. There are too many people that really could use one bad. They have equipment that isn't working, leaking roof, and the other is being pushed around by big box stores stuck in the middle of 2 that moved in on both sides of hers. Let's see this bust open! Good luck!
