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.

[CRMHC19]

I just wish that Square would release a statement to share if their criteria has changed.  If they plan to change the requirement to 100% paid off, that’s great - just let us know so we can plan around that.  I’m at 89% paid on a 15k loan, less than $2000 left to pay off, but no sign of a new offer.  We should all be made aware of changes that affect our borrowing power.  We need more transparency.   

[BiB]

..

[BiB]

5***

[TheRealChipA]

@BiB  that makes a lot of sense.  The other issue with Square loan once you've crossed a certain processing threshold is that you pay them off too quickly.  Since the loans have flat fees, you are better off paying off loans over 9-12 months resulting in a lower effective APR.  I've been analyzing loan offers lately by using my projected monthly card volume to figure out how quickly I'll pay it off and how much the effective APR% is.  What I've learned is that I do not want to take out loans too close to my high season (ice cream) or the fee borders on usury.  If I did use a Square Loan at all, it would ONLY make sense to take out one after high season to help with cash flow through the winter.  But, like you, after 13 years, I now have a great LOC with my bank that is much less expensive than merchant cash advances, so I'd only use a Square Loan now to further some new financial goal that I want to commit to.  Like you implied, it's a good place to be after sweating over this business for over a decade.

[BiB]

Did you ever get your offer? You're so close!

[Twpchair]

How's it going on your end?

[BiB]

Nothing. Processing up 84% YTD and loan almost paid off. Last 4-5 months, I've done more than I ever have and everything is consistent/growing. 

[Twpchair]

Well, that's not what I wanted to hear. The only plus is that it will be all yours. Hopefully, the next one is yours. 

[Ckmisskelly]

8k loan 74%paid off no new offer & im still like peeking at my notifications 

[Alexis321]

I'm 87% paid no new loan offer yet! Waiting...

Hi everyone!

[Llcdeliciass]

Have you gotten an offer already ?

[Ckmisskelly]

No this is my 5th loan and typically around 60% I get an offer 

[BiB]

Hopefully you get something soon!

[Llcdeliciass]

Have you gotten an offer yet ? Same boat 

[Ckmisskelly]

Nope not yet

[Srachurros]

One of my business received an offer, 69% 

paid off. It’s 2k+more than the recent loan. 

just an update. 
I didn’t expect that location to get any offer this time.

[Ckmisskelly]

I have all green and this has been all week and paid up for payment due date thingy lol

[CRMHC19]

Hi everyone, I just got a loan offer at 89% paid.  The offer was half of what I was offered last year. Seems like they’re being more strict now, but I’m not complaining.   Good luck to you all!  

[BiB]

Congratulations!

[Alexis321]

That's great! 👏 

[Ambenben2013llc]

Thats great! Ya they seemed to have tightened up. Ive always had my loans paid within about 4-5 months. Im at 54% all green (always all green) and no offer. our first offer 14,600/ 2nd offer 21.200 and this loan was 46,200.00 In about 3.5 months we have paid in 54% Funny thing is my sales dipped from last month , only because im near Tahoe, and all of th ski parks closed early. We own a catering and private chef business. Although my sales are down from last month, they are 453% over last year at this time, so go figure lol. Good luck to everyone but i would love another offer to get bulked up for our season, but I dont think tht is going to happen anytime soon. Below is from Square:)My sales last month was the largest sales month in March that I have ever had in my 15 years, over 66k.

Here's how April 2026 compares to last year:

April 1–20, 2026: $20,147 (19 orders)
April 1–20, 2025: $3,766 (5 orders)

Your sales this year are actually 435% higher than the same period last year. That suggests either your business has grown significantly since 2025, or last April was also impacted by seasonal weather.

If last year's April was similarly slow due to weather, it reinforces that this is a seasonal pattern for your business.