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.

[Alexis321]

What is this? Spam? Scam?

[BiB]

Probably.

[Movecrew]

I've been with square since day one. I've repaid almost a million dollars im on my 15th loan. All my offers always come around 75%. Im currently at 71% my biggest loan was 56k

[Twpchair]

11 years at the current location June 26th and the first location was 3 years prior to and I remember just prior to Covid for a good 5 years or so I could almost guarantee an offer between 70-74% like clockwork. Now, I had from 64% to I believe 84 or 86%? Just myself at 64% it better be something amazing or I will let that go. I hate rolling over that much but that’s just me. I just know that it’s been a good 4-5 years that I have slowly been watching and the percentage and offers are just not lining up right and hit and miss. I see it here every day and it gets hard to tell someone “hold on, keep swiping more and increase the volume”. I watch the trends, and what’s going on outside of square and other POS and for the most part it is word for word. Business the last 4 years for myself has been amazing and up in every aspect and yes, I still receive offers but up one time and down the next time? Square is a business which means they have to answer to stockholders and we all know and I don’t have to say the motto no if ands or when’s. I am glad you are doing great! I love to see mom and pops kicking it out there. I wish you all the best and hope you receive an offer soon! 

[BiB]

We notice you trying to stay positive and helpful. Some other posters are not and, honestly, they are condescending so believe me, it doesn't go unnoticed. 😊

[Twpchair]

I’m no different than anyone else, and other businesses are looking for the same information. Honestly, we are the best source of information by sharing it. Yes, we are all different businesses and process differently, but it helps to see where the majority is at in terms of percentage and whether offers are trending up or down. If not I can certainly give the same old response and go nowhere or help by just sharing information about what is happening now. Right now it’s trending higher percentage and lower than previous offers. Of course, not everyone but the percentage is higher than normal and business owners can tighten down and hold out or do what they need to. I will never tell anyone what is best for them or their business. You and only you can or should make that decision. People forget sometimes there are new owners on loan 2-3 and not sure how it works and really looking for answers and the best way to do that is by us, honestly. It helps a ton with regular users coming on. Thank you and everyone else who keeps checking in and sharing. It really does help. 

[BiB]

Part of me wonders if it some sort glitch/issue with whatever AI they use for the algorithm. I've been using the ManagerBot to run certain automations everyday (sales vs last week and vs last year). I've always done it myself but figured I'd try it out. The last several days it says it can't run the information because I don't have any sales for May. Then when I tell it I have processed for May it reruns the automation and everything is there. 

[Twpchair]

What kind of business do you have? I'm in retail, and I'll be 100% honest — I'm not a tech person at all. I do rely on it for stats, though. There have been a few glitches here and there, but all issues have been addressed. I experienced lag or discrepancies between my info and theirs for a couple of weeks at times. Yesterday and today are accurate. I won't say that shouldn't affect it, but if your stats are off, common sense would suggest how an algorithm could know that. It’s based on data for both non-humans, and if it's wrong or says nothing like yours, that doesn't seem to work in your favor. Maybe I’m totally off, like I said, but I know my data is now 100% correct. Let me know if anything changes or if you’re still having issues, and I can pass that along and get it checked out. 

[BiB]

I run a small day spa (massage, facials, waxing, body treatments). There are 9 of us, including me. I was going to give it a few more days to see if it works itself out before escalating it and when people get back from Memorial Day holiday. I think the ManagerBot is in Beta testing or just the automation part is, maybe? Not entirely sure. I looked through the community forum and didn't see much feedback from users. It's just odd it doesn't "recognize" my processing until I "tell" it I've processed and then it recognizes it. Or maybe I don't know much about tech either. Lol