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]

I've had pretty explosive growth over the last year as well and was also approached by Uplyft. The fee was comparable to Square or less if I pay it off sooner. I have been waiting to see if Square offers anything but I may end of going with them if nothing changes. I prefer keeping everything with Square but I also need to prepare for the upcoming holiday season so not really sure how much longer I'll wait on them to give me an offer.

[Ters6]

@BiB 

This morning, my main concern was the timing and understanding of how the integration worked. I thought it was sketchy at first. 

After research, the difference it seems,  Uplyft has a Trojan horse- first, moving- can now connect via APIs and access processed data - credit card revenue without businesses changing their POS systems, especially with this merchant product.  Personally, I'm not comfortable adding another third-party integration that has access to payment POS and banking info, using an already third-party.

We've had a good experience with Square, and we will have an offer soon. Just something to think about; we may be offered the same loan. It's another tech integration. My understanding may be limited with tech integration if Uplyft is reaching out to your business. It's not a guarantee, but hopefully you will see an offer soon from Square. 

[BiB]

Thanks for the info! I haven't made a decision or looked into very much, honestly. Just leaving it as an option and knowing it's there should it become necessary. I too would rather keep everything together and in the same system. I also thought it was strange to be reached out to after completing my loan but just figured they are trying to get Square's customers.

[Ters6]

@BiB 

I received an offer today at 69%.  It was nice to see, it will help with the growth over the summer.  Hopefully soon for you. 

[Twpchair]

Congratulations 🎈 

[Alexis321]

Is Uplyft is part of Giggle Finance?

[Ters6]

@Alexis321 

I dont think it is part of Giggle Finance. I looked it up to see if there were any connections between them and could not find any links. In Canada, Merchant growth aquired a lot of the smaller fintech lenders. Now with US lenders wanting to expand into Canada, I am becoming more familiar with the names. I actaully think it is good for Canadian business to have more options. 

[hailey2]

75% off and no offer yet. All metrics green. Hoping something comes in soon because we're entering our slow season. 

[OceanHills]

• This has been a really weird season. I'm at 81 with all of my markers green and still nothing

[hailey2]

right! this is only our second loan, but we received the offer when we were only 51% paid on the first one because we are paying it so fast. We usually hit our minimum payment within 2-3 weeks. 

[hailey2]

have you gotten any offers yet? We're 82% now and still waiting 😞 

[OceanHills]

updating that I am at 82% any still no offer. Currently the longest I have ever waited. 

[Twpchair]

😩😩😩 I am so sorry to hear this! Fingers crossed and hoping for a clear board. 

[addisonsgrace]

90% today still no offer 😞 has anyone received an offer lately? 

[Twpchair]

It’s been pretty quiet here. 

[addisonsgrace]

It has been 🥺

[Twpchair]

Hopefully, it will pick up soon!

[OceanHills]

All metrics in Green and at 83% paid off on a $36k loan. 

No loan offer as of today. 

Hoping it lands today.

[Twpchair]

Good luck!!!! 

[Twpchair]

Any news yet?

[BiB]

Still a no. Paid off 30+ days and processing is up 102% YTD.