Square loans 2026

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? 

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Community Team
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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 canโ€™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.

 

Donโ€™t hesitate to contact us directly if you have further questions or concerns.

Abby_M
Square Loans Team
Sign in and click Mark as Solution if my reply answers your question.

This is a service email from Square Financial Services, Inc., a wholly owned subsidiary of Block, Inc. All loans are issued by Square Financial Services, Inc, a Utah-Chartered Industrial Bank, Members FDIC.

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Square Champion
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Here we go!!! 1 more down. It can take 1-3 days, depending on the day of the week and the time you received it.  Just watch your dashboard; if no information is needed, it's just a tad behind. There's been a big push! Congratulations again!

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor

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Square Champion

Youโ€™re very welcome! I completely understand why youโ€™re feeling discouraged. Waiting days between replies only to receive another generic response would test anyoneโ€™s patience.

As far as how their email system works, I donโ€™t know the specifics of Squareโ€™s internal ticketing platform, so I donโ€™t want to speculate. In most support systems, replying to the same email keeps everything together in one conversation for the reviewer, but I canโ€™t say with certainty whether it affects your place in the queue or bumps the ticket to the back.

My personal recommendation would be to avoid sending multiple follow-up replies before they respond, unless you have important new information to add. Some support systems treat each new reply differently, and since we donโ€™t know how Squareโ€™s works internally, itโ€™s probably best to wait for their next response before replying with the clarification we discussed.

I really hope someone takes ownership of your case soon because this doesnโ€™t sound like a situation you can resolve on your end if the information youโ€™re being asked to verify is incorrect from the start.

Please do keep us updated. If youโ€™re comfortable sharing how this gets resolved, it could be incredibly helpful for other sellers who find themselves in the same situation in the future. Wishing you the best, and Iโ€™m hoping your next reply is from a real person who can get this sorted out. ๐Ÿคž

Square Champions Expert and member of the Square Champions group. (But NOT a Square employee, just a seller like you) Was my post helpful? Take just a moment to mark it as a solution.
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Thank you so much, I will wait and hope to receive a response soon. And I will def let you know what happens. Thank you again ๐Ÿ™๐Ÿป๐Ÿ˜Ž

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Square Champion

She is giving you great advice. Let me add a few. You have to get past customer service and get to account specialist/loans specialist who can clear it right up. Let me tag a couple of great ladies who can help before your offer disappear. @Papaya @abbeyc could you lead this lady into the right direction for an offer and it fill in the autogenerated form which needs to be updated. Thank you so much ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘ they will get you in the right spot. 

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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I love that you are so positive with your response.  We don't always get that!!  

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Hello, started square in February of this year kind of just stumbled upon it while searching through POS systems and decided to give them a try first. So far so good! I received a square offer in April almost immediately once I hit the $10,000 mark it was a small offer. Of course I took it because as a new business it came at a perfect time. I am now at 80% paid off,  sales are up and all metrics are green. Came here to see at what percentage new offers come through but seems like they are all over the place. Really needing extra funds as we are getting a new food truck and I need to get some things for it and extra product. Is there any way to expedite a new loan?

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