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? 

[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. 

[Tamara3]

Yes but unfortunately im in the process of paying my debt off as we speak so i a card for me is out of the question at the moment i need to get my veedit back to where it was pre covid. 2020 hit me hard i not only went through a divorce with 3 kids but covid put me out of work for about 7 months in a period of a year 2020-2021. Then in 2022 a man fell on me at a concert which put me behind 3 months from c3 &c4 trauma to my neck. Ive been dog paddling to just stay a float. Yes that would he the way to go if i could get approved. Thank you for the insight. 

[Abby_M]

Hi @Dotr 

Thanks for taking the time to reach out to us.

The Square Loan program is currently offered by invitation.Keep in mind that we can’t guarantee that another offer will be extended before or after the current plan is complete. Repaying your existing plan does not guarantee that your business will be eligible for another offer.

Offer eligibility is largely based on current payment processing data, which means eligibility can change as frequently as your business does. We understand that not being immediately eligible can be frustrating, however, we will continue to automatically review your account for eligibility.

Thanks for reaching out and letting us know! We apologize for the trouble you're experiencing. Please contact us directly so we can take a look at your application and assist.

[Elizabeth07]

Well, I just hit 91% and still all in green and nothing! I’m literally just paying interest now! 

[Thetattooshop23]

I am at 90% and still nothing! My last offer was in the 60s. Something is going on with square. I am almost paid off, and everything is in the green; I have been processing every day. 

[Dotr]

I believe something is going on with square also. When I call they will say they are giving out loans everyday. 

[Thetattooshop23]

Same with me! I was promised that someone would get back to me via email, but it never happened.

I was told accounts are evaluated daily for loan offers, which is not true. On October 25th, it said my last review was the 23rd at like 1:56 pm so that clearly showed that accounts were not evaluated daily.  Once I brought this to their attention, it showed that it had been looked at all the sudden. So square should be up front and truthful with the customers about what's going on with everything. I have had 5 loans and all of them have been  under 78%

[shannong]

It’s rather frustrating. Because then I feel guilty for taking a day off. But I know they are looking at my account and I’m just not getting how I have the loan pretty much paid. I’m $800 away from the loan being paid and I’m just paying the fee at this point. There is no reason another loan hasn’t come through. I’ve been with square for 5 years and this is my 9th loan since 2022. Not one has been over 82% (most being around 75-80%)

[Tamara3]

I read in a forum that they review accounts 2-3x a week. I’ve gotten offers on Tuesdays Thursdays and Saturdays 

[marcyliz]

I’m at 100% for multiple weeks, still nothing. Really really thought something would come through over the weekend but nope.