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? 

[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!

[BG77]

Stats and data would be very helpful. It at least gives us an idea of what’s going on instead of leaving us wondering and guessing. I myself started to question if Square was even still giving loans so this data is good to see. 

[Twpchair]

Transparency would be amazing! We only see the ones who post here, and they are always looking to see what the average is. Yes, Square has increased loan sizes and numbers. We're all a small splash in a big pond. We do help each other stay informed, and that's why this forum is so important and helpful. 

[Twpchair]

I agree 100%. I don't see why stats, data, average loan per day, etc., shouldn't or couldn't be posted quarterly. We can look it up ourselves, so why not pin it to the top? I would think most people would be more aware of, or have a better understanding of, the big picture: how many loans are issued and how many users accept offers. I know I look at it. As a business owner, I am extremely transparent and keep the guys and gals informed. It helps them, as well as explaining why it's a busy week or anything that involves them; they should know, IMO. 

[Ferocelove26]

I’ve been with square a very long time and this isn’t my first loan . I’m at 100% paid off and nothing is populating . I’m usually around 70%-80% . Would love for someone to assist with this . Really would love to get new offer . 

[VanKalkerFarms]

unfortuneatly, no one here can send it up to someone to review, it is just the algorithim and who it decides it will offer one of the 5 thousand+ daily loan offers it makes.

Best you can do is keep at it running your business and it may come.  If you need to do something, my best advice is to talk to a local bank and see about a revolvong line of credit.   It will save you thousands vs a loan as you only borrow it for the week or 3 you need it and only pay interest for that short time period.

[Ferocelove26]

That’s true … but the weirdest thing happen . All my items were checked in green and now it’s saying for one of them my weekly sales went down so it’s no longer green . So untrue because my sales have boosted . Received offer in January 2026 and paid off 100% yesterday . 

[mlynn8503]

My sales are also higher than the previous year, and the pointless metrics are green. So close to paid off with $169 to go and no offer. Ive been with square for over a decade and have had plenty of loans. Just makes no sense.

[Papaya]

Hi @Ferocelove26  & @mlynn8503 !

Thanks for posting on the Seller Community.

The information shown on your eligibility page is usually refreshed in real time.  We can’t guarantee a loan offer even if the key factors displayed on the eligibility page show all “Good.” 

There’s no additional information we can share at this time, and we can’t go into further specifics about program requirements because the criteria we use is proprietary.

Please contact us directly, our Square Loans line is open between 8am-5pm PT Monday-Friday if you want to give us a call.

[CRMHC19]

I wonder if approval varies State by State or region at this point? I’m in NY, 84% completion, and all green metrics.  

[mlynn8503]

There has to be something along those lines or some unspoken criteria that we wouldn’t make logical sense of. I’ve read about people being sent offers hours after the “review” timestamp even when their sales weren’t higher. And I’ve literally  seen people state they have gotten offers on off weeks where they have had minimal sales. And then you see folks on here with offers being cut down when their sales are 2x-4x previous year. There just doesn’t seem to be a real rhyme or reason. But I feel it’s not wrong to think there should be a reasonable amount of expectation with this type of product. We borrow, we pay the fees, we’re loyal to their service, yet we’re left in the dark. And most of us are small businesses that truly do benefit from the loans.