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? 

[shannong]

Blah. Of course. When I really need it lol 

[Tamara3]

I will give a glimpse of hope I have noticed a pattern in my 9 loans with square I always seem to get a new offer in November, so hang on maybe one is coming. 

my months of loan offers seem to be 

February, March, May, July, August and November. Most are the 3rd-4th week or those months. 

I’ve been with square since 2017

[kacey_k]

Funny you say that because my first one was in November, my next one was in March and then the one after that was in May and here we are in November and I’m at like 72%

[FirstLook]

At 70% now and hoping for an offer soon! Seems like the last month or so they’ve been happening anywhere from 62% to fully paid off, fingers crossed for one sooner than later!

[shannong]

I’m almost at 81%. Truly hoping it comes in soon for me! 

[Elizabeth07]

I’m in the same boat! Currently sitting at 89% and still no new offer and this is my 12th loan! My sales have actually been great, even higher than last month. It’s so frustrating because a new offer right before the holidays would be perfect. If I don’t receive one before this is paid off, I’ll definitely be switching to a new POS system.

[Abby_M]

H @Elizabeth07 

Sorry to hear about your situation.

We understand that not being immediately eligible can be frustrating but keep in mind that new offers are not automatically extended when a certain percentage of an existing loan is repaid, 

Please know that Square Banking is committed to helping your business succeed, but we understand that you may need to seek financing outside of Square. We are continually re-evaluating your account on a daily basis to determine if you’re eligible to receive another loan. If you’re eligible for a new loan, you’ll be notified directly on your Square Dashboard and via email.

If you have any other questions, please feel free to contact us directly!

[Dotr]

I have been paid off 100% since October 5th and still no offer. I check daily, I had to change my business hours so they wont report that I have 0 sales when Im Not working. My sales are good. Are they still sending offers in October?

[kacey_k]

I’ve seen others receiving loans so yes they are still giving them. What number is this for a loan?? How many in past? Metrics all in green?

[Dotr]

This is loan 4. Have had 3 in the past. Metrics all green have processed cards in the past month like no other I knew that my loan would be paid off soon and would hopefully get a new offer. Everytime I check dashboard it says “not eligible for loan right now” its literally been 20 days since paid off loan. 

[shannong]

It’s frustrating because we’re told to keep processing. Ok I am but when my last 3 historically came at 76%, 82%, and 80% and I’m sitting at almost 82% it’s hard to be patient. Now I have link a bank prompt and we don’t have a separate bank currently. We haven’t had the need for one. I am aware that isn’t required for a square loan offer as we always have it deposited to my square account but my metrics are all green and I’m higher in sales this week than I have been. Something’s got to give. 

[marcyliz]

Same boat. All green, best year ever, and two weeks after paying off and nothing. Been giving it some time, but switching to a new POS that is more transparent about their loans in the next few weeks.

[Dotr]

This is extremely frustrating to never know when they’ll offer us one. 

[kacey_k]

That’s for sure one of my biggest pet peeves with square

[Thetattooshop23]

Hi Kacey, have you seen anything about Square transitioning some customers from Square loan to Square cash advance? But it says if you have a current loan now, it will need to be at 100% repaid before a new offer will be given, and it would be a short-term loan option for repayment. 

[kacey_k]

Back in March it was close to 20 days before I received mine after being paid off in full. Fingers crossed it comes today. Mine have always came in on Saturday evening 

[Dotr]

Fingers crossed! Will give update when I get offer.

[Tamara3]

My last loan came on Saturday, I’ve quadrupled my sales in processing this year and I’m on my 4th loan now I’ve paid 71% towards my loan as of today and I have only had this loan 3 months. I’m really hoping my next offer will be substantially higher I’ve processed $60,000 in cards in 10months and would do more if they would increase my loan amount due to growing rapidly. The highest offer I’ve been given is $3,900 with 13.5% repayment for cards processed which is kind of lame if you ask me. This has been my worst year so far and still my cards processing has been great. Have you received a new offer yet?

[Dotr]

I have not received an offer as of yet. Idk whats going on this has been longest I have ever been without receiving offer and i have paid off 3 and always paid them all off yet. It seems that no one has received any offers.

[Tamara3]

So looking back I received a loan offer last year on 11-23-24 and then again on 3-7-25 again on 5-24-25 and then my last offer was on 7-29-25 seems like Friday and Saturday have been fair and consistent hoping November will be another offer for me. Hoping yours will be too! Wish it was this week since it’s my birthday week! lol🥰

[Minion]

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@Tamara3 wrote:

My last loan came on Saturday, I’ve quadrupled my sales in processing this year and I’m on my 4th loan now I’ve paid 71% towards my loan as of today and I have only had this loan 3 months. I’m really hoping my next offer will be substantially higher I’ve processed $60,000 in cards in 10months and would do more if they would increase my loan amount due to growing rapidly. The highest offer I’ve been given is $3,900 with 13.5% repayment for cards processed which is kind of lame if you ask me. This has been my worst year so far and still my cards processing has been great. Have you received a new offer yet?

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Have you looked into a CC with a 0% interest or lower interest rate for 18-21 months? Discover and Navy Fed and BofA come to mind.  If your last offer was $3900, That's around the the same of a starting limit on a card that could save you money on fees and be pretty much the same offer @Tamara3 .  Food for thought.