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.

[BiB]

Almost paid off on a $45k loan. I want to keep my lending with Square, I've been with them since 2015 but I guess it's time for me to move on? Idk. It's just so easy and I never think about payments because the minimum is always paid within 7-10 days. I've been looking elsewhere so we'll see.

[Twpchair]

I will never tell anyone what or who to do business with. Just remember, it's a sales rep, and they promise the moon. Unfortunately, I have seen my fair share of that here over the years. You start at the bottom and work your way up until most are six months to a year, depending on your processing, and it will be an algorithm also used for your offer. I understand the importance and the uncertainty of whether or not you'll receive another offer. You're killing it with the numbers—it's amazing, congrats on that! I wish there were a set percentage, and if you exceed it, you would know what steps to take to increase sales and volume of swipes. Regardless of your decision, I wish you continued success! I also hope you get an offer tonight! 🫣

[BiB]

You've always been so supportive and friendly in this group. It's always appreciated. 😊

[Twpchair]

You are so welcome! 

[Papaya]

Hi @BiB 

Thank you for taking the time to post your feedback. 

We appreciate your loyalty when choosing to partner with Square for your past business loans. Please know that your loan history is reviewed in determining loan eligibility, but there are other factors of your account that are also considered.

We understand that it is frustrating that we can’t guarantee that you’ll receive a new offer because you’ve had previous loans with us in the past. Square accounts are reviewed on an ongoing basis to ensure that each business gets the right customized offer. 

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

[Twpchair]

I received one today at 74% sales tripled and 5k lower than the previous offer. I usually get an instant response within 15 minutes but nothing yet but it’s only been 3-4 hours. Best wishes to you. I watch all the pages and they are starting to move. 

[BiB]

I'm glad you got an offer!

[Twpchair]

I’m waiting for yours!!!

[BiB]

Thanks for that! I had to stop looking at the other pages. I feel bad that people that have proven themselves loyal and have always paid back are feeling discarded. It is disheartening to see.

[Twpchair]

I understand and I hope you are next! Fingers crossed for you! 

[BiB]

Hope your approval finally went through!

[plnmealsandmore]

Hi all! Just giving an update-- I am at 89% pay off on a 34k loan, always pay the minimum super fast. This is my 7th square loan, so fingers crossed for something soon! On my loan page, when I click 'Your next loan' it only shows Thanks for your interest in Square loans etc, I don't actually have the metrics there anymore and I haven't for a while now. There definitely are offers going out, because since my business is a part of franchise it will tell me I am pre-approved in the notifications, however when I click it, it says I am not eligible, so assuming it is for another franchise location!

[Srachurros2]

It seems very quiet recently, anyone got any offers recently? 
I was wondering if square will ever try to explain to their customers a specific algorithm rather than AI  run. 

I mean might as well give an offer when the full loan is paid off rather than you don’t know when will you even get an offer. just saying 

[BiB]

The people that have posted said they received significantly less offers 

[Twpchair]

Yes, the boards have finally picked up. I received one sales up big time! It was less than previous offer. I was 74% paid off. 

[JentlySpecials]

got an offer at 60% !!! Have had this loan for only 5 months. But it came at a time of need to replace some equipment and I cried when I opened up the app today. Just thought I’d share I know not everyone gets to see that some times the low percent still does bring in offers.

[plnmealsandmore]

Yay! This is so exciting-- congrats! They truly do come in when you really need it! 

[Twpchair]

Finally seeing good steady movement 

[ggbluejune]

I'm 😊 for you. At least someone has gotten it.

[Twpchair]

The soft credit report has always been an option. It doesn’t guarantee approval nor deny it every time or for every loan. Square considers your business history, your previous loan activity, and your time with Square in its assessment. 

[ggbluejune]

I'm reading these comments. I'm in the same boat. I paid off my loan 100 percent and got great sales, no disputes, new and returning clients. But no loan offer. I really don't understand how Square loan works.  It use to be you knew when you where getting a loan.