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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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. 

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have you gotten any offers yet? We're 82% now and still waiting ๐Ÿ˜ž 

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

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Square Champion

๐Ÿ˜ฉ๐Ÿ˜ฉ๐Ÿ˜ฉ I am so sorry to hear this! Fingers crossed and hoping for a clear board. 

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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90% today still no offer ๐Ÿ˜ž has anyone received an offer lately? 

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Square Champion

Itโ€™s been pretty quiet here. 

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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It has been ๐Ÿฅบ

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Square Champion

Hopefully, it will pick up soon!

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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All metrics in Green and at 83% paid off on a $36k loan. 

 

No loan offer as of today. 

 

Hoping it lands today.

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Square Champion

Good luck!!!! 

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

Any news yet?

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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Still a no. Paid off 30+ days and processing is up 102% YTD.

AS
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Square Champion

๐Ÿ˜ฉ ugh, I was hoping to see a few of you gone with new offers. Here is looking for an offer tomorrow ๐Ÿคž

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

Ugh, ๐Ÿ˜ฉ I was hoping you were gone and not in a bad way hun. I was hoping for a ton of you to start clearing the board. 

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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I am at 71% and having my biggest sales season ever!  I absolutely love square and recommend it to everyone however I wish there was a quantifiable measure on when loans hit.  I need a new piece of equipment, and a new loan would absolutely be a game changer at this time.  If the only negative is the ambiguity of the loan process, then for me it's a win!  I do thoroughly enjoy the community board as well.  Many times, I have found answers to questions on other features of square I did not understand.  HOWEVER -- I do wish there was an idea of when a new loan would be available if even at all.  What I don't want to do is take out a third-party loan only to wake up the next day and have a new loan offer with square.

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Keep pushing those cards, get the dollar amount up, and get new customers. Push hard and then see! Great job on your best year!!! ๐Ÿ‘๐Ÿ‘๐Ÿ‘ Itโ€™s hard for some of us that have been around for a while and got so used to it being 70-75% and boom, offer hit. Business has changed, and we have to keep pushing forward no matter what happens and when it happens. Good luck and hopefully soon!

Tammi
Owner of The White Pallet Chair
Square Champion, Expert and Advisor
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Unfortunately I don't think any of that matters. 

 

I'm at 84% with all markers in green. 

 

You really just have to put it out of sight and mind and cross your fingers you wake up with a notification with the offer. 

 

 

Will keep you guys updated. 

 

 

 

Anyone have any news? 

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Agreed! Thanks for the support and advice.  Already working on outside funding. Can't wait on square and I do not want to risk missing out on opportunities by waiting to upgrade. 

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Congratulations!!! Super happy for you! Congrats on staying busy this time of year too! 

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Im at 85% and nada. All GOOD stats. Really frustrating 

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Just to give some update and positive vibeโ€ฆ 

 

we received an offer today, itโ€™s 2k less than the last loan but itโ€™s still good amount. 

76% paid off. 

Consistent and busy on the weekends. 

hope everyone gets some good news ..

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