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.

[locksmithnick]

I’ve always wondered, what are other people’s new vs returning customer numbers like? I’m a locksmith, not a coffee shop, so I imagine mine are a bit different than other types of businesses. I’m usually around 79% new to 21% returning. Is that good? 

[BiB]

Mine is opposite but I run a day spa. It's 30%-35%new and 65%-70% returning. We get a good mix of regulars and out-of-towners.

[Twpchair]

I’m retail furniture store and mine varies from summer to winter. In the summer I can be 60% new to 40 returning and in the winter months (I’m in a snowbird state) my new is still up but it’s closer.