Square Loan September 2025

[1683Cooks]

Good morning everyone ,

So we are at 87% on our 7th Square loan. In the past we would always receive a new offer right around 75% . I’ve read a lot of people have been getting them between 80-95% now is that the new norm ? We have an expansion project we are trying to kick off but we are waiting for our new offer with square .  

Also . We processed over 400k last year in sales, this year we’re on pace for 700k revenue, already surpassing last years revenue in our current YTD being a little over 500k right now. Our previous loans were about 18k and 16K before that. Is that normal when processing such a high volume ? It never takes us more than a couple of months to pay off a loan . 

All of our metrics are green and in good status, are volume is consistent with no dips or changes in revenue. Any insight on when next offer will be coming in ? We’ve been checking our portal daily for updates. 

[Minion]

HI @1683Cooks 

So pretty much what you have already read is basically the same information that we all have.  More or higher % paid back on the Loans before a possible new offer is sent.  Most sellers seem to o view this as a bad thing, I tend to see it as a good thing. More % paid back equals more that you get to use to actually help your business.  

Other than what all the other threads state I guess just keep processing.  Sounds like your business is doing really well. 

Have you looked into Lines of credit from your bank?  Paying a square "merchant loan" in that short of time I feel like the fees are pretty high, where as a line of credit should prove to have smaller fees and always available, no guessing on when it would be there.  Obviously its more hoops to go through in the short term, but less headache in the long run. 

[VanKalkerFarms]

Sounds like you are doing great and getting lots of sales, and growing.  I would recommend going to a bank or a credit union to establish a line of credit or a revolving line of credit.  Long term, it is much more financially sound for your business with way less in interest charges, especially if you are paying off loans in a month or two.  I really like the line of credit because it costs you nothing to have it there, and then you only pay for the days/weeks/months/ you are actually borrowing against it, and you can pull $2,000 this time and pay it off, and then pull $30,000 the next time.

But, as to your question, you have all the info; there isn't a secret way to know or find out.  The best thing is to just keep working forward on growth, and if it pops up and you want it then that is great, but there is no guarantee you will even be offered another loan (though highly likely at some point)

[Abby_M]

Hi @1683Cooks 

Thanks for taking the time to reach out to us.

We understand that not being immediately eligible can be frustrating, keep in mind that we can’t guarantee that another offer will be extended before or after the current plan is complete. New offers are not automatically extended when a certain percentage of an existing loan is repaid. We do not have a specific timeframe for when another loan offer may be available. However, we will continue to automatically review your account for eligibility. If you become eligible again, we’ll notify you directly through email and your Square Dashboard.

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