Square loan

When did you get a new offer for a loan? Was is it when you paid the loan off or when you reached a certain percentage of it paid off?

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Square Champion

@Elishaamber2 You have reached the mystical cloud in the sky as far as topics with answers.  The simple answer is it varies.  Anecdotal stories show some people get offers around 80%.  Others who have had multiple loans won't get an offer.  The algorithm that controls those offers has a lot of factors including account age, transaction volume, chargebacks, transaction amounts, etc.  Too many to just have a 1 way answer.

 

I wish I could be more specific.  I have offers all the time, but I have never used the program.  But I have seen lots of threads of people who have.

Donnie
Multi-Unit Manager | Founder, Table & Ledger
tableandledger.com

Square AI Champion | Using Square since July, 2017

"Good judgment comes from experience, and experience comes from bad judgment."

"You can have everything in life you want, if you will just help other people get what they want." - Z.Z.

"AI doesn't replace your judgment. It gives your judgment better information to work with."
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You summed up the mystical cloud perfectly lol 🙂

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