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.

[Twpchair]

I received one today at 74% sales tripled and 5k lower than the previous offer. I usually get an instant response within 15 minutes but nothing yet but it’s only been 3-4 hours. Best wishes to you. I watch all the pages and they are starting to move. 

[BiB]

I'm glad you got an offer!

[Twpchair]

I’m waiting for yours!!!

[BiB]

Thanks for that! I had to stop looking at the other pages. I feel bad that people that have proven themselves loyal and have always paid back are feeling discarded. It is disheartening to see.

[Twpchair]

I understand and I hope you are next! Fingers crossed for you! 

[BiB]

Hope your approval finally went through!

[plnmealsandmore]

Hi all! Just giving an update-- I am at 89% pay off on a 34k loan, always pay the minimum super fast. This is my 7th square loan, so fingers crossed for something soon! On my loan page, when I click 'Your next loan' it only shows Thanks for your interest in Square loans etc, I don't actually have the metrics there anymore and I haven't for a while now. There definitely are offers going out, because since my business is a part of franchise it will tell me I am pre-approved in the notifications, however when I click it, it says I am not eligible, so assuming it is for another franchise location!

[Srachurros2]

It seems very quiet recently, anyone got any offers recently? 
I was wondering if square will ever try to explain to their customers a specific algorithm rather than AI  run. 

I mean might as well give an offer when the full loan is paid off rather than you don’t know when will you even get an offer. just saying 

[BiB]

The people that have posted said they received significantly less offers 

[Twpchair]

Yes, the boards have finally picked up. I received one sales up big time! It was less than previous offer. I was 74% paid off. 

[JentlySpecials]

got an offer at 60% !!! Have had this loan for only 5 months. But it came at a time of need to replace some equipment and I cried when I opened up the app today. Just thought I’d share I know not everyone gets to see that some times the low percent still does bring in offers.

[plnmealsandmore]

Yay! This is so exciting-- congrats! They truly do come in when you really need it! 

[Twpchair]

Finally seeing good steady movement 

[ggbluejune]

I'm 😊 for you. At least someone has gotten it.

[Twpchair]

The soft credit report has always been an option. It doesn’t guarantee approval nor deny it every time or for every loan. Square considers your business history, your previous loan activity, and your time with Square in its assessment. 

[ggbluejune]

I'm reading these comments. I'm in the same boat. I paid off my loan 100 percent and got great sales, no disputes, new and returning clients. But no loan offer. I really don't understand how Square loan works.  It use to be you knew when you where getting a loan.

[BiB]

Square is going to unintentionally

[ggbluejune]

That's what it seems like. I think I'm going to start looking fir other ways to get business loans. I hate this because I been with them awhile and been using Square swiping nonstop even now that I don't gave an offer. 

[BiB]

I have stayed with Square because of the ease, dependability, consistency but it's not like that anymore.

[CRMHC19]

Does Stripe offer business loans as well? 

[galctico8]

Hello everyone,

I’m a Japan‑based seller using Square Loans / Square Capital, and I’m hoping to hear from others who may have had a similar experience.

Recently, I made a manual prepayment through my Square Dashboard to pay off my current loan.
On the following day, I processed normal card sales, which caused the automatic repayment to overlap with the prepayment, resulting in a small reconciliation / overpayment adjustment.

After that:

• The loan status moved to Completed
• I received the loan completion confirmation email
• My Eligibility metrics are currently all marked as “Good” in the dashboard

As of today, it has been 11 business days since the loan completion date (U.S. business days), but I have not yet received a new loan offer.

Since my business operates in Japan, I understand that timing can sometimes look different from a U.S. seller’s perspective (time zone, evaluation windows, etc.).
I’ve also seen posts from Square Champions mentioning that when a manual payment is involved, it can take 7–10 business days before re‑evaluation begins.

I wanted to ask specifically about sellers who had:

• A manual prepayment
• Reconciliation due to overlapping automatic deductions
• A quiet period after loan completion

If you experienced something similar, how many business days did it take before a new offer appeared (if it did)?
I’m not looking for a guarantee or prediction — I’m simply trying to understand real‑world timelines from sellers with comparable situations.

Thank you very much for your time and insights.