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.

[Papaya]

Hi @Coldwater1 

Thanks for your post!

Please keep in mind we offer different types of loans, including a shorter term length.  This Square loan is designed as short-term capital for immediate business needs, it’s meant to be a cash flow boost to help with paying bills, buying supplies—whatever you need to support your business. Because of the short term length, businesses with this type of Square loan are not reviewed for additional loan eligibility until the current loan has been completed.

Hope that helps, please feel free to reach out to us directly if you have any other questions!

[VanKalkerFarms]

The paying back with the next loan has always been a sticking point for me and never should have been offered until paid back IMO because yes, that next loan isn't free and you are eating 1/3 of that or more to pay back the 1st or 15th loan.  

Being paid back is not a new requirement; loans are still offered and taken by people in this thread who have loans outstanding and others 1,000s of times a day.  Very few post here, maybe one post for every 2,000 loans that are started, but on average, from public stats, 1,500 new loans are started a day.

[mlynn8503]

Found this new article today. Mentions the new Cash Flow Boosts I’ve seen some speak of.

https://www.pymnts.com/loans/2026/square-boosts-lending-by-catering-to-businesses-with-non-standard-...

[CRMHC19]

Thanks for sharing!  Maybe this means the offers will finally start rolling in.  

[Twpchair]

Thanks for sharing! This could be the upgrade that triggers some offers. 

[mlynn8503]

Just an update, on Saturday/Day 7 post-payoff, I did receive an offer (slightly larger than my last one) and it was approved within minutes, and I also received an invitation to the Square Credit Card at the same time, and was approved for it as well! Sales were the same that day as any other so I don't feel swipes were the trigger and may just be a timing thing. My payoff was organic from sales as well, not a manual payment. 

[Twpchair]

Congratulations both of yours! The board is making progress 👏👏👏 I believe your update came slightly earlier than the others, putting you at number 5 over the past few days. Thank you so much for the update! There have also been a few posted who just popped in with their offers. Great to see!

[hnahna]

Hi all,

I don’t often chime in here much but I have been reading through this thread a bit more recently and I wanted to let you know I just got an offer at 74% paid off. It was about $250O less than my last offer but I did get and I believe my last one before this was 73%. Just wanted to let you know that offers are still coming in at that percentage paid off. I am hoping that all of you waiting for an offer will get one soon. 

[Twpchair]

Congratulations! Thanks for sharing!

[Twpchair]

Congratulations 🎉 

[CTC18]

I received an offer today at 88% paid in on my current loan. I just received it and applied within the last hour. Waiting on approval, send all the good vibes 🙏🏻

[Twpchair · Accepted solution]

Here we go!!! 1 more down. It can take 1-3 days, depending on the day of the week and the time you received it.  Just watch your dashboard; if no information is needed, it's just a tad behind. There's been a big push! Congratulations again!

[ianssoph]

Just trying to keep people updated on the loan program. I just received an offer at 67% repaid. Everything in green and honestly had the slowest month I’ve had in two years. No chargebacks or disputes and funds were deposited instantly. Good luck to everyone!

[3teesprints]

I am at 87%.  way ahead of schedule.  Still no offer.  Based on what I am seeing I am beginning to believe that program is now over.  Which is fine - square is not obligated to offer us anything.  I am meeting tomorrow to start looking at other options to help fund my expansion to my larger store.  Definitely not upset with Square however I cannot wait any longer and I wont depend on it. 

[Aryaan111]

I’m currently on my 7th Square loan and sitting at about 69% paid, with around $240k in sales since my last funding, $68k in the last 30 days, and about $22k in the past week (with daily spikes hitting $4k–$6k). I’ve processed over $1.6M CAD in total over the last 3+ years and have had zero disputes or chargebacks in that time. My repayment rate is 16.5%, and all my eligibility metrics are showing green in the dashboard. In the past, I used to receive new offers around 55% repayment, usually over the weekend, but this time I’ve had multiple eligibility timestamps without any offer yet. I also noticed the recent UI change moving Loans into a separate tab (same as others). Just trying to see if anyone with a similar profile in 2026 has recently received an offer, and at what % paid or conditions it triggered.

[VanKalkerFarms]

New loan offer today, and if I needed it, this might be the first one I would take, as it was only 1.21% of CC sales, all my previous ones were a crazy high like 15% of CC.

[BiB]

Was your previous one paid off or did you take a lower amount for it it be so low.

[CRMHC19]

How much did you have paid off? 

[BiB]

Any new updates? I think I'm finally "in the boat" with everyone else now. Mine have always come like clockwork but not now and I'm processing more than I ever had in the past. 

[Twpchair]

Same: a few popped in the 50s; the rest, all high percentages. Keep us posted, please. 

[Windycity]

Checkin back in, 70% paid off on a $7500 loan, numbers and sales are still pushing onward and upwards almost double from the Qtrs before, metrics have never looked better. I’m super curious to see what kind of offer we bring in.