Square loans 2026

[moxiemavenandco]

Hi! I am currently @ 49% paid of my 8th loan with square. Typically offers have come in at around 50-60% since. I have seen a few people mentioning that they now do a soft credit pull and am wondering if this pertains to personal credit or business credit? 

[Abby_M · Accepted solution]

Hi @moxiemavenandco 

Appreciate you taking the time to post.

New offers are not automatically extended when a certain percentage of an existing loan is repaid, but your business may become eligible for a new offer when your existing plan is closer to being repaid. This timing helps to ensure a significant portion of a new loan can be used to reinvest in your business directly rather than repaying your existing loan balance.

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.

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

[Mpechlys]

@Twpchair ive called and got the same answer, nothing is wrong on your account everything looks good, dispute whether it’s in your favor or not it’ll fall off after a year etc etc, I don’t really need the loan but it be nice to see how much my next offer be whether lower or higher. But I know my business is doing pretty decent 

[Twpchair]

Did you say a year? There have been many changes within Square to streamline operations and make things run smoothly for businesses. Different apps and tools for us to choose from, but in the end, I always go back to the basics and what made Square the leader in the POS industry, and that was you swiped a card and money was in your bank that night, and loans. They lead the pack, and sometimes you have to remember where you came from before you keep pushing forward—just my opinion. You are one of a kind and I truly appreciate all your help back here and encouraging others! Thank you!!!

[Mpechlys]

Yes @Twpchair i was told multiple times and just Reddit search some say after a year it’ll fall off, now it still doesn’t affect the loan offers, but it’s crazy to say I still have yet received an offer, but like you said they’re maybe learning my business, I know this year so far I made almost what I made last year total so my business financially grew big. I also read on the loan page some where that the metric they put must all be in good standard idk it’s all confusing, again I didn’t join square cause of the loans I never knew they offered it til I got it within my first month being a customer with square so I took it as a bonus, but either way I’m still here and will ride this wave out lol hope all is well with you 

[Twpchair]

Doing well, thank you. And yes and no on metrics. I have seen many cases where it might say 'needs work' for new customers or daily swipes, and still receive an offer. They tend to be lower, but once that goes up, so do sales, and the next offer usually follows. It is hard as we are all unique and process things differently. I think 1 year for a dispute is pretty harsh, imo. 

[Mpechlys]

Yes @Twpchair i agree one whole year is kinda harsh lol

[VanKalkerFarms]

Great that the loans have been working out for you.

 I think that one thing that gets lost is the big picture of Square and specifically Square loans.  They are dealing with millions of users and giving out more than 1,500 loans a day.  during the last public quarterly stats on loans (not Square Cash loans those are seperate) they had 136,000 loans totaling $1.38 billion in originations in 90 days.  THat is a lot, more than a person can wrap their mind around vs their one business in the sea of millions of users.  Many think they are giving out 1 or 5 loans a day but it comes out to more than 1 every minute.

Glad to see someone posting here happy instead of the usual if Square won't give me money I am leaving type posts.

[Mpechlys]

Exactly lol, every time I see some one post I’m leaving square etc etc I just be like another one lol

[HeavenlyLawnSvs]

It's like they blackmail....hope square sees my comment lol need a loan or I'm switching to stripe 🤣

But I get it tough times call for tough measures.

I definitely am not going anywhere I have way too many clients in the system to turn away. Patience is key 🗝️ 

[HeavenlyLawnSvs]

Yes of course I love square I know it's a business and they have to make money just like we all do. I'm pretty positive my sales are going to be triple from March 2025 last year. I bet once the algorithm sees that.... it's going to issue an offer. Lol 🤣 they wait til they see big bank cause they want in on it too.

[Twpchair]

Triple sales and April have always been great months for me for offers for some reason? I know why, after tax season, long winter, and ladies are ready to shop and redo that house. I'm in the retail furniture business, and February and March are the kick-off months for sales. Hopefully, by the time we're done sharing business practices, those offers will pop up!

[HeavenlyLawnSvs]

Yes confirming that most offers have for our company been January -April with April being the most dominant month!

[Twpchair]

April, August, and December are leading it for me. Those all fall right after the busy 2-3 months, though, for me. Retail tends to be a little easier for offers than for beauticians and barbers. We swipe 85% cards 7 days a week. Run a 3-day floor clearance to boost numbers and trigger an offer, such as an end-of-the-month invoice drop. It all helps   

[HeavenlyLawnSvs]

I said I would update everyone when received a loan offer.

Currently now almost 80% paid off on a $12,200 loan from last year.

Received a new offer today.....

With double the growth last year and expected to double or triple sales and revenue this year....... square just pre-approved my 6th loan much lower than last year.

Sitting with $8600 approval...

They are definitely cutting back some on loan amounts!

Average cut back 30% from last year.

Not sure why but I did accept the new deal it's a way less minimum payment and % per sale so I'm gonna accept now.

Hope this helps everyone..... just when you lose hope a month or so later square drops an approval. Not always guaranteed to be more than previously apparently.

I doubled profits so I thought they would double the loan however they didn't. Just lowered it 30%

Still a blessing and much 👍 👍 

[CRMHC19]

That’s great news!  Congrats!  Hoping this means the rest of us will get our offers soon.  I’m at 84% complete, all in green, but still no offer.  Did you have a recent boost of sales that triggered it? 

[HeavenlyLawnSvs]

Yes my sales this month halfway through March equal last years revenue!

However it's just March 18th

We are doing a sod job and going to process a partial payment of $2000 tomorrow or Friday plus 2 more work weeks until the first of April.

I figured our revenue will double last year's match 

Our income doubled in square already last year.

So I thought when you make more they offer more but it's still a blessing and recommend it for peace of mind and having extra funds for business and unexpected costs.

Definitely seeing a cut back on loans offers though for some reason!

Our minimum payment with lawn company is paid in half the time required of 60 days usually 30 Days. I don't know it might just be the economy, uncertainty and or much money loaned to businesses. But very thankful for the small win anyway....

#smallbusiness #smallwins

It's all good 👍 

[Twpchair]

Congratulations!!! Unfortunately, trying to predict an algorithm that takes into account more than our numbers is so hard. I'm with you and glad you received one!!!! 

[HeavenlyLawnSvs]

I'm very appreciative even though I expected it to bigger than last year! Hopefully me sharing my experience recently will help others. It will feel like....hey I'm 75% paid wheres the new loan offer?

After it's 75% - 80% paid and your still consistent I think the that algorithm kicks in. However many receiving loans at 60% generally means... your paying the loan off way faster than expected so I think it refreshes early.

Honestly the algorithm looks for growth 📈 consistency and a certain percentage paid. On top of everything being in the green. Also believe what money they have to spare you also takes into account....what's offered!

Sometimes doesn't come through as expected or when we expect it. Square still does them......

[Twpchair]

You said it all! It takes into account not just your square history but also the overall economy. Square is a business, too, and it has shareholders to answer to. What we see here is a drop in the bucket compared to how many businesses actually use Square worldwide. The main thing is to keep taking payments every day, keep track of the number of new users swiping their cards, and, of course, keep an eye on your history and account standing with Square. I've had many ups and downs in offers with business just booming, those offers unfortunately happen, and we can't change that unless you choose not to accept them. Keep swiping, and the next one could be under different circumstances and a much nicer offer. Thank you for keeping everyone updated. It does help others. Keep up the great growth!

[Papaya]

Hi @HeavenlyLawnSvs !

Thanks for writing. 

Eligibility is based on a variety of factors, including recent Square processing volume, payment frequency, outstanding balance, and account activity. Based on this smaller offer and your current sales, we believe your business can safely support this amount and may be able to repay it in a shorter time frame than your previous loan offers. 

To learn more about Square Loan eligibility, visit our Support Center.

Hope you have a great weekend! Don’t hesitate to contact us directly if you have further questions or concerns.

[HeavenlyLawnSvs]

Thank you very much!

I appreciate all that square does and will always continue to use the platform.

[Twpchair]

Thank you so much for the stats. I always forget to do it. It helps to put things into perspective. Nice to see you back here, thank you!