October 2025 Loan Offers

[shannong]

Hello! While I’m well aware loans can come at any time over 75% paid off on the current one, I do wish there was an easier way to predict when that would happen. 

my last one was 76% paid off and I received an offer. I’m currently at 78.5% paid off and nothing yet. 

Anyone seeing loans offered under 80% still? 

[Minion]

Hello @shannong 

Welcome to the Square Community.  As I am sure that you are aware from all of the other threads involving loans, that the "metrics" aren't really a set in stone guarantee once they are green but more of a very very very basic visual of meeting the minimum guidelines for a potential loan offer.

As far as % paid back I haven't been watching any of the loan threads, but it was at a point around the 80% plus paid back last that I knew.  So if that is the case, it seems that you are very close! Keep your visual metrics in the green, and keep processing and hopefully you will get one here shortly once you pass the 80% mark. 

I agree with you that there should be an easier way to predict a loan, however my .02 on that  would be that I think Square should eliminate the "early" loan offer.  A new offer should not be extended until that previous loan is 100% paid off.  Then and only then would a  new offer potentially be granted.  I know that my opinion on it isn't a very popular one, but it also takes out the guess work, takes out the false hope ( previous offers ranging from 65-85% paid back), new loans can be used to their full potential instead of paying off a previous loan, 

[shannong]

Yeah it would be nice if it was more predictable. I also think once you hit your minimum payment, pay back should be optional until the next cycle. 

[marcyliz]

It's aggravating. My last one came in May when I was 68% paid. I accepted and now paid that one off last week, and still have yet to get an offer -- after all shown metrics are met and my sales are higher than I've ever had. I don't get it, and the vague-ness to it is kind of frustrating and makes me want to go ahead and start building myself up with another processor who may be a little more communicative on them. 

But anyway: I kept thinking I would get an offer at 75, 80, 85, 90, 95 lol and then got nothing. I hope yours comes through, but I would not totally expect it.

[shannong]

It’s crazy because I always get offers but they are always all over the place. I just really need it right now so it sucks it hasn’t happened. Just about at 79% and nothing. 

[Hineshospitalit]

Something is definitely going on with square. I opened a new location that process over 150k per month. They offered me 27k in August. An insulting offer btw. I’ve now paid off 95% of the loan and haven’t even paid my first 2 month cycle yet. Yes, I’ll have this loan for less than 2 months. I’m not even sure how charging 3100 for a 27k loan that last 2 months is even legal. I’m so sick of the AI generated responses that say we structure these loan to make sure your business can support it and function. It’s a joke. I have 4 different businesses with square, process around 7 mil between all of them. I’ve been in talks with toast to move everything. Their capitol program is ran 100% better than square. New offers at 50%. Select the time frame of payback etc. Square has been telling me for 5 years we are going to update the loan program and make it easier and more informative but I’m done holding my breath. While we love square and would hate to move they are putting a ton of stress on our expansion efforts. I’m giving them till tomorrow night to give me an offer for the one they screwed up so badly I’m paying it back in 2 months, if I don’t receive one I’m planning on starting the move of everything to toast. Hope everyone gets their offers but deep down I truly believe something is really wrong at square. Don’t know if them opening a bank has caused major regulation issues with these loans or what’s going on. It’s just a mess. By what I read in this community many businesses are hurting because what they count on from square isn’t coming. I’d say buy stock in toast and spot on. They seem to have things figured out and will be the front runners in this industry if square can’t get their act together

[marcyliz]

One of my biggest complaints is it's the same copy and paste response all the time & "just keep processing!" which isn't helpful to me. Because I've checked all the boxes, I keep processing. And at this point if I have no idea if a loan is going to come through, then I would rather work on establishing myself at another processor that IS more transparent about their loans. This has been our best year so far, and I'm just baffled that in May when our sales were lower, they offered a loan before we even got to 70% but when we pay off that one in a few months, it's crickets. I've already started looking at alternatives -- I'll give it a tiny bit more time to see if an offer pops up, but if not I really hate to make the switch since we've been with them for awhile, but I'm gonna wind up moving to somewhere that is more interested in cultivating a good working business relationship. 

[Minion]

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@marcyliz wrote:

One of my biggest complaints is it's the same copy and paste response all the time & "just keep processing!" which isn't helpful to me. Because I've checked all the boxes, I keep processing. And at this point if I have no idea if a loan is going to come through, then I would rather work on establishing myself at another processor that IS more transparent about their loans. This has been our best year so far, and I'm just baffled that in May when our sales were lower, they offered a loan before we even got to 70% but when we pay off that one in a few months, it's crickets. I've already started looking at alternatives -- I'll give it a tiny bit more time to see if an offer pops up, but if not I really hate to make the switch since we've been with them for awhile, but I'm gonna wind up moving to somewhere that is more interested in cultivating a good working business relationship. 

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Have you tried your local bank?  I'm not trying to come off the wrong way toward you but looking at a difference processor because of loans or for a loan doesn't seem like its the correct way to go about it.   If you are looking for that one on one communication and relationship then hands down your local bank or credit union will get you that.  No processing company, (Square, Kabbage (amex blueprint) , Clover, Pipe Quickbooks) , no other company is going to give you the options that a bank can give you..  I do 100% agree with you that there should be more transparency with a square loan, and my idea of that  like I mentioned before is to not extend an offer until the current one is paid in full. That is just my .02 on a start of more transparency.

[marcyliz]

Yes, we moved to a local Credit Union earlier in the year to finally get something more local that is pretty fantastic and we will definitely be checking that out (since they do have requirements for how long you need to be with them regardless of sales).  Your point of them not extending an offer until the current one is paid in full is a great one, honestly, and would be a great start!!

[Minion]

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@marcyliz wrote:

Yes, we moved to a local Credit Union earlier in the year to finally get something more local that is pretty fantastic and we will definitely be checking that out (since they do have requirements for how long you need to be with them regardless of sales).  Your point of them not extending an offer until the current one is paid in full is a great one, honestly, and would be a great start!!

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that is Awesome!  There are definitely more hoops to jump through when it comes to a bank, but in the long run it will/would 100% prove to be a better source.  That way if needed a Square loan or any other processor could always be used for extreme emergencies. 

I remember I setup a secondary business account with Navy Federal , and just the process alone to open that account was enough to actually make me not want to pursue anything more with them . (at least on their business die)

[Hineshospitalit]

I use my local bank. Banks will only forward so much towards expansion on restaurants. I’ve been with square since 2017. Bought and sold several locations. We only use square loans to open more locations. It is what it is but I will be taking my processing elsewhere if I don’t receive an offer by tomorrow night. 

[Minion]

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@Hineshospitalit wrote:

I use my local bank. Banks will only forward so much towards expansion on restaurants. I’ve been with square since 2017. Bought and sold several locations. We only use square loans to open more locations. It is what it is but I will be taking my processing elsewhere if I don’t receive an offer by tomorrow night. 

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I 100% don't blame you.  8 years almost 9 with a company is a long time.  At the end of the day though it is your business that you need to take care of , and you are the only one who knows what is best for it. 

As for your previous loans, I have seen many sellers post numbers like yours and pay them back even in a shorter time than you and just the fees associated with that it doesn't make sense to me but if that is the only avenue for expansion that its a rock and a hard place.  I do hope that you get a loan, and if not that you continue to be successful on your ventures, with 4 business' you are doing something correctly. 🍻

[johnoneil]

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