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? 

[Tamara3]

Have you gotten an offer yet? I’m at 75% now and I’m gonna start asking clients to pay with cash… I’m literally trying to get a new offer yesterday my sales were $11,000 some invoices were paid and I asked them to pay with cash just because I needed the extra minus the fees. I’ve double sales since my last loan and I’ve contacted gloss genius to get started back with processing cards again through them because they seemed to offer better loans and more predictability 🥺

[kacey_k]

I didn’t even know Gloss Genius offered loans. I love square but wish they had more predicable loans. Sending you positive jujus. I’ve not received a loan offer at all I am 75% my last one came in under 60% 

[Tamara3]

Were your sales up? I’m worried they will lowball me with a lame offer and my sales as of today for this year are 280% higher and I’m paid off 82% on this loan I’ve had 3 months my 3 months sales are 26.49% higher than the previous 3 months. 

 

[PerroneTech]

Don't count on huge increases, because that is technically a risk. Your spike could be seasonal or temporary and you could be left holding the bag if those sales drop.

I've learned to stop looking/waiting for it. I used to watch my dashboard like a hawk around 75% and I don't bother anymore. It comes with it comes. I don't think anyone is going to provide that kind of transparency. Non-traditional loans like this are risky because if we can't pay it back, Square is left holding the bag.

[kacey_k]

You said it when you said I stopped looking and waiting!!!! Literally EVERYTHING happens when it’s supposed to!!!! 

[Tamara3]

Well I only run half of my sales through square for this reason but more through my other apps like Venmo and Cashapp Apple Pay and PayPal invoice but wanted to test the theory of processing more through square to see if they do increase. So far it’s been $500-$1000 more on increases. I do know square piggy backs off of investors as far as paying back loans I’m paying my square loans off in 2-3 months each loan. I’m switching processors this week I may still run a few things through them during the transition but switching due to lack of clarity on the loan side of the business. Any profitable business needs banks that issue working capital from time to time and these are great because they only use a percentage of what your sales are which I don’t mind that because I am profitable but I could not pay a dime for 15 months and I’m still caught up on my loan at this rate. I would like an offer but then again I have my mind made up if it’s just chunk change when they offer the next one it will confirm my reason for switching and if they offer a legitimate amount for my next loan then I will stay. I do know a friend who has been in my field with square for 2 years was offered the same I was and she has only processed $19,000 this year I’ve done 4x that amount with square she also only works 3 days a week has only used square for 2 years this is her 4 loan with them she was shocked they offered her the same amount and she had only processed about $14,000 at that point I had processed $53,000 at the time they offered me the same amount. So I definitely was insulted. I also have my loan servicing license so I know what’s going on the back end of loans and nothing seems right as of now with the square platform 

[kacey_k]

Started my promo today for % off if clients pay with card over cash and I still got 6 hours to go today but I’ll be dang close to 100% by end of tomorrow now!! Currently on my 3rd loan! 1st loan I was paid off for 22 days before getting offer on my 2nd loan and then out of nowhere around 50%-55% I got a offer (highest) for my current loan. I was still very new to all this and accepted like a dork and had to pay back the 2nd out of it. Lesson learned now that I know that I refuse to accept before 85% cause I don’t wanna eat up half the offer. I only use square and cash for my payments. This current loan (3rd) has taken the longest to payback because for some reason people are paying in cash a lot more often I never would’ve imagined I’d have to run the promo just to get more swipes. A year ago today I got my very first offer around 10pm and was in my account by 10:45pm!!! even if I go not as fast and it’s not paid off by tomorrow it’ll be paid off by next week for sure so I’ll at least get that next offer to get some of these holiday bundles that the supply stores have, Christmas and you know all the stuff!!! Right now the gift sets are on sale and are great for retail sales and breaking them down to sell separately!! Plus make good gifts for my LOYAL clients who are family now!!! In June I’ll have 26 years behind the chair!! I’m sooooo grateful for square and these loans I don’t even realize I’m paying back 😂😂

[Tamara3]

Well here I am a week later and I’m suspicious this is not normal for square in my years of being with them. I normally hit 59%-68% when receiving a new offer and I’m at 79%. 

Here are my details:

 I have paid 79% of my current loan (total loan balance: $4,521; remaining balance: $936.69).

 I have had this loan for 3 months, and historically I receive a new offer before I pass 75%.

My sales have significantly increased, including a strong month in November ($18,689) and over $27,304 in the last 3 months.

I have a positive repayment history, always paying early and never missing payments.

My processing percentage is 13.5%, and I have no chargebacks or account issues.

Because all metrics are green and my repayment percentage have exceeded my normal offer range, and still nothing. This year is the most I’ve processed with square. 

I have more than tripled my sales and almost quadrupled them I’m about $13,000 away from hitting 4x my yearly sales. I am worried about squares future for servicing loans given my history of 9 years with them and no offers given for my business. It would be beneficial to say the least. I have had a lot of faith with square but I’m concerned with this pattern I’m seeing. I have reached out and get the same automated reply in email. 
such a hopeless feeling when you actually work so hard and feel overlooked when you actually need it. 

[kgucc]

Mine are all green, I’m 99% paid and owe a whopping $4. My sales are way up as I recently started re-utilizing the platform since receiving the offer in August. Prior to that, I hadn’t done more than 10,000 on the platform as I’d be directing my traffic to my TikTok shop instead of my site. I’ve doubled my typical traffic and it still isn’t triggering any loan offers. I have a square savings account that I recently opened, I’m not sure if that’s impacting my eligibility or what.

[Tamara3]

Wow well I had my CPA take a look at my dashboard and she said something is way off if youve had previous offers at 58% and your sales have tripled this much with square in 3 months I’ve got 81% paid back I run anywhere from $400-$4000 a day. And my last loan offer was only $3900. It’s kind of silly she gave me some other processing companies and I’ve been in touch and should receive my equipment etc to run cards with this other company this week. They have a better track record of when you are eligible and no guessing game involved. Which I like that better. Straight forward to the point. When running a business we should not have to guess or hope for eligibility when we have have the proof in front of us that metrics are green, established business since 2017, always paid of wayyyyy early, no disputes or chargebacks, nothing but positive sales. She even mentioned it seems I’m being discriminated against  or square is not being truthful with its partnership with sellers who have businesses which is false advertisement. I just wish they would say he we are maxed out on loans or something because this is gonna cause about 10 other people who work with me to drop from square because they know I am always the first to get a loan offer. They are not pleased either and this sent them looking for another processor as well. I’m thankful for the community board because I see it’s a pattern in all these comments and just confirms my want to do business with another processor. I’m gonna process with the other company when it gets here and do bare minimum with square just enough to pay this loan back and be done with them. This is the busiest I’ve ever been and because I’m growing rapidly I definitely need a loan but I’ll look elsewhere. They have until tomorrow to offer me a new loan and if nothing comes through I’m done. 

[Minion]

Square could definitely be more straightforward on their loan eligibility, again, circling back to what I've mentioned numerous times of not offering another loan until the current one is paid off completely would be a perfect start.  Best of luck with the new processing company and with business in the future!

[shannong]

The thing with that is they probably realize most of us wouldn’t get another loan when we see that we’d have more in our pockets each day without paying 18.5% to a loan. That’s about half my profits each day and probably why I’m struggling so much. I’m at 85%, almost 86%, and at this point I don’t think I’ll take another when this is paid off. Seeing the $300-600 I pay a week is basically my rent each month. 

[Minion]

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@shannong wrote:

The thing with that is they probably realize most of us wouldn’t get another loan when we see that we’d have more in our pockets each day without paying 18.5% to a loan. That’s about half my profits each day and probably why I’m struggling so much. I’m at 85%, almost 86%, and at this point I don’t think I’ll take another when this is paid off. Seeing the $300-600 I pay a week is basically my rent each month. 

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You are 100% correct @shannong . It's a vicious cycle when you get into these "loans" and this isn't just with Square.  It's this loan type model used by them that will keep held down.  I've used them before, I was never offered more than 7k from Square, but I do majority of my sales are cash/check, (mind you connecting my bank did absolutely nothing to increase offers btw).  Now I can take that loan though and run it out over 12+ months because I do so much cash/check.  Never been late, always paid on time etc but it doesn't hurt the business as bad.  I feel for some of these sellers who are paying these double digit loans off in less than 3 months..

[kacey_k]

I’m right there with you @Minion I get paid about 50/50 cash vs card. I would be sick if I was paying back hundreds daily. My biggest loan (currently 3rd) was $2500 and I think the most I’ve paid back is $49 in a day. I can handle that. My 1st loan I paid off in full in 5 months and it was $1200. It’s a small amount but usually comes just when I need it most. 

[shannong]

I’m switching to RTS and feel I’ll probably start using Shopify invoices and a website again instead. Just use Square if people need Afterpay. This is my 9th loan. I’ve been a customer of Square’s since 2019. I think I’ve more than given them enough money. 

[Tamara3]

Same here im a 81% paid in 3 months my sales have increased 25% in 3 months and 210% for this year and all green metrics this is my 4th loan this year because I’m paying them off in 2-3 months but this year all my offers came in before I hit 70% so something is definitely off with square. 

[marcyliz]

This is what I just did..... I paid off my loan on Oct 9th and didnt get another offer even after a record year, and all green, and repeated generic responses from Square for their customer service. I was already using Shopify for my website so I switched all my invoicing and in person sales to it now too. 

[Tamara3]

Doing this as well 

[Tamara3]

Meeee I’m this seller and agree with you! I would love to have that money back the fees etc. viscous cycle for a little chunk change. I’m currently at 81% paid in 3 months my sales have increased 25% in 3 months and 210% for this year and all green metrics this is my 4th loan this year because I’m paying them off in 2-3 months but this year all my offers came in before I hit 70% so something is definitely off with square. 

[Tamara3]

Agree I always declined the loans when I was still paying on one because I felt they would offer a bigger one when the loan was paid off but that is not always the case. I have found it is better to accept when your profits are up to keep the momentum and invest in inventory to increase sells but right now I’m growing outside of squares timeline on funding and need the predictability over the processor and so I have to make a change. I’m afraid with the pattern of offers being slim and all these sellers have payback percentages in 70-80s range that they will low ball me and offer chunk change on my new offer. They should consider working on the loan department in terms of predictability and amount percentages like if you process $50,000 annual sales you are eligible for 10-30% of your sales. Not here is $2000 for a business running $100,000+ in sales it’s a little comical for them to insult like that. I have a friend in another town who has 2 restaurants processing through square she grosses $700,000 in one of the restaurants and only has been offered $30,000 so I find it hard to believe they actually fund $350,000 loans to anyone. In rural communities we talk about these things. 

[Tamara3]

Thank you and you are correct a straight forward approach it’s like they really aren’t evaluating my account they update and say they are but they are not there is no way I process too much through them I’m now up 239% in 3 months I’m like this is comical at this point.