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.

[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.

[BodyInBalance]

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? 

[BodyInBalance]

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. 

[Twpchair]

Good luck and keep us posted’

[Ambenben2013llc]

Hi everyone Im on my 3rd loan and believe it or not they havalways come in early, ranging from this last one of 49k at 42% paid in to 50% paid in. Ive actually done more sales in 3 months then my complete year last year. Everything is green and currently we are paid in at 52%. I dont forsee an offer coming our way, but you never know. The last offer we took stated we had "unlocked a special offer" not sure what that means but I took it. BTW im a private chef and caterere sitting at about 170k sales to date.v Last year was 248k sales for the complete year. Heres to good vibes!

[Twpchair]

For the most part, it's been running much higher than normal, and it's now paid off. Of course, you see a couple pop in the 50s, one last week at 27%!!! Keep processing and increase the sales amount of the swipes and see if the algorithm picks it off! Good luck. 

[Srachurros2]

Any update for this week? 

[TheRealChipA]

I've been getting loan offers regularly, which keep increasing every time.  The offers started around 70%, which seems to be the absolute low end for most people anymore.  I'm at 95% and just got an updated offer last week.  I'm not really in the market, so I'm just throwing this out there for reference.  Also for reference, these are the biggest offers I've ever received -- in the mid 5-digits.  But my card processing volume this year-to-date is up 22% over last year and this month is up 50% over last year.  Hence the large offers since the loan AI seems to sense a big growth pattern.

[Twpchair]

So far, a couple of people, but I believe both declined the offer. It's their busy season, and they didn't need it. The bar is set high for processing and for increased sales and new customers. They are looking for strong, healthy businesses to invest in, along with your prior history. Good luck and keep us posted.