I know there’s no magic percentage that guarantees another Square Loan offer, but after reading so many loan discussions here, I’m genuinely curious about everyone’s actual experience.
I’ve had multiple Square Loans, and with my current loan I’m already at 61% paid since taking it out on July 13th. I personally don’t make extra payments or pay my loans off early. I let my normal Square sales make the payments because I prefer keeping everything tied to my regular processing and letting the loan pay down naturally.
Of course I’ve reached the point where I’m starting to 👀 that Loans section again. 😂
So for those of you who have received multiple Square Loans:
• What percentage was your existing loan paid when your next offer appeared?
• Did your new offer come before your previous loan was completely paid off?
• Did you notice an increase in processing/sales before the offer appeared?
• For those who paid a loan off early, did another offer come quickly afterward or did you end up waiting?
I know every business is evaluated differently and someone else’s experience doesn’t predict when another seller will receive an offer. I just thought it would be interesting to compare our real-world experiences.
And with some sellers now talking about Cash Flow Boost offers too, I’m especially curious whether anyone has noticed their usual Square Loan pattern changing recently.
Square Champions Expert and member of the Square Champions group. (But NOT a Square employee, just a seller like you) Was my post helpful? Take just a moment to mark it as a solution.
