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.

[pralinep]

Thank you for the encouragement. I just wanted to report back that I received an offer on today and it was 2x’s more than last offer. I guess patience is a virtue lol. 🥰

[Twpchair]

Congrats and yes it is! Thank you for sharing your updates!

[Abby_M]

Hi @pralinep 

Appreciate you taking the time to post

We are thrilled to hear how your Square Loan provides benefits to your business. We hope you continue growing your business with Square, and share more of your successes with us.

Please contact us directly if you have any other questions.

[olivesageeee]

Congratulations! Hopefully the case for me soon, finally up to 72% and in all green! Decided to re-brand and maybe buy my dream camera equipment this time around. So exciting!

[Tinymoon]

Hit 81% yesterday after a busy weekend & got offered tonight around 7:30PM. About 1.5k less than the last one. This is loan number 5 for this location. Just wanted to give a little hope. 

[Twpchair]

Congratulations!!!!! Thank you for sharing!

[audreymt]

Hah - so imagine this. I've now fully paid two loans, $40,000, $30,000. Last payment first week of July. No struggles nor missed payments. All metrics @ Good. And the offer only came in September - $12,000. Of which, I didn't take as $12,000 is not significant enough to be useful for a project (equipment, renovations, adding a new service etc.) and just annoying to pay back. The offer disappeared by the next day. And have not received a new offer despite metrics all at "good". I really wish the process was much more transparent. I get that there's an algorithm and that's one of the ways they can ensure they get the capital back, but it almost feels like a lottery ticket with very little predictability. I love that Square leads in servicing these different needs that small businesses have and do so in a super smart way - I wish my taxes were removed automatically from my sales each day...would be much easier! - , but the lack of transparency for this funding makes it a suck. 

[Srachurros2]

I received an offer yesterday on 70% 

it’s higher than the last time. 
but until now there’s no approval yet. 
it gives me anxiety cause my other location and another  square account got an offer before and it was declined due to an affiliated location was temporarily closed.

I hope they will not decline this time cause I’m probably going to use different company if I can’t get support with square. We used them since 2018

[BiB]

Good luck!

[Abby_M]

Hi @Srachurros2 

Thanks for taking the time to reach out to us.

Applications generally take 1-3 business days to review, but review may take longer if additional information is requested. You’ll be notified via email for application status updates or if additional information is needed.

Please contact us directly, our Square Loans line is open between 8am-5pm PT Monday-Friday if you want to give us a call.

[Paulynne]

I’m at 63% paid off on one of my locations. I have a loan for another location that is 20% paid off. Does anyone know if they offer new loans when you have multiple locations with loans?