Square Loans February 27, 2026

[BG77]

Have users been getting Square loans as often as before?

If so, what percentage of your previous loan was paid off when you got a new offer compared to now?

Has Square changed the loan offer process?

I’ve had a handful of loan offers the past four years most of which came when the previous loan payoff was in the mid to low 70 percent range. 

I’m currently 79% paid off but I do not have an offer and Square can’t tell me much of anything besides the system is automated. 

I do not know if Square has slowed down its offerings or if the criteria has changed. I’m trying to figure out if I should anticipate another loan offers or if I should plan to move forward without it.

[Minion]

hi @BG77 

For the past year the % paid back seems to average in the mid 80s and up before an offer is extended.  There is a ton of other seller feedback in this thread here regarding % paid back and new offers etc.  Those do give a slight sign, but its no guarantee and since ever business processes sales differently use caution. 

My advice would be to adjust your business accordingly without an offer.  Always plan for things not being there and then if/when they show up you can make a decision based on your current needs then. 

Best of luck!

[CTC18]

I’m on my 13th loan with Square and this is definitely the longest I’ve ever had to wait. 85% paid back and still no offer.

[Papaya]

Hi @BG77 & @CTC18 

Thanks for writing.

New offers are not automatically extended when a certain percentage of an existing loan is repaid. 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.

Please be aware that aspects of your processing history, such as failed debits, chargeback history, and changes to your processing behavior may impact potential future offers. If you become eligible again, we’ll notify you directly through email and your Square Dashboard.

Don’t hesitate to contact us directly if you have further questions or concerns.