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.

[AnniPadanni]

I've had 9 loans over 6 years.  My last loan paid off in early April and within a few days I got something completely different than I've ever seen or been offered.  My loans had consistently been in the $18k-$25k range.  All of a sudden I got a new bright yellow alert on my banking overview page that offered me "up to $4250 for a cash flow boost" and it has to be paid back in full in 120 days.  Ummm...  THIS is nothing like my previous 9 loans.  And the fee and % is crazy high.  Has anyone else experienced this?

[BiB]

No.

[Twpchair]

There’s a few new loan options available right now. Some are a short term solution and others are what we consider the old traditional 18 mth loan. Not ever loan is for everyone and if it isn’t what you are looking for or fits your needs then you can always pass and see what the next offer might be. Good luck to you and you can always reach out to the loan department for more information or questions. 

[ggbluejune]

Wow I wonder if I will be offered any of them. Like I said I paid off my loan and still swiping.

[Jjbeautyco]

I have finally received an offer earlier this expected.   I usually see them around 70-75% paid off.  I got this at 60% paid off yesterday .. I didn’t except right away because it’s still fairly low … today I had a huge sales day +325% increase.  Another square user told me to wait  until tomorrow when they review my account they could adjust it higher based on today’s sales.  Is that accurate  has that happened to anyone??? I don’t want to ignore it until it goes away but also would like a better offer at the same time.  Help me lol 

[Papaya]

Hi @Jjbeautyco !

Thanks for your post.

The information shown on your eligibility page is usually refreshed in real time. You can see the last date and time your loan eligibility was evaluated under “Eligibility factors.” 

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

[Twpchair]

I have seen it go both ways. Some received a higher one others smaller 

[dearmond05]

Did you ever get an offer?