Square loans sept 2025

[Tmbeauty28137]

I’m opening a new location and was excited to see I’m close to paying off my loan, so I can have some extra funds to get it up and going for this busy season coming up.
BUT Unfortunately no new loan offers in sight. I typically have one by now and it’s a little bit disappointing. I don’t rely on the loans but they are helpful. 

Anyone having luck with new loan offers around 70% paid off lately? I always triple my minimum payment within the first week of it updating. I’m so confused!! I only have a couple hundred bucks to pay off on it, should I just pay it off and hope for a new offer? 

@Abby_M 

[Minion]

Congrats on your second location!  For paying off your loan, regardless of which way you go with it the big thing is that no offer is guaranteed.   A manual payment is going to be up to at least 10 business days before the algorithm kicks back in once the funds clear.  So if you think you will pay that off with normal sales I would just wait. 

As for offers around that % paid back, there are plenty of threads in the loan section from other users reporting their offers with the percentage paid back, but it does seem to be up in the 80's.

[GAA]

Any updates? Did you get a loan offer?

[Tmbeauty28137]

No new offer yet, up to 97% paid off now. All in the green. 

[GAA]

Congrats on your new location! 🎉 I totally feel you on being disappointed with the loan offers. I’m currently 88% paid off, and I used to usually get offers around 75%. It seems like things are changing, so I’ve been checking my Square every day—just trying to be patient. But honestly, it would be nice if Square shared more info about the new algorithms or higher standards they’re using, instead of making changes internally and keeping it such a secret.

❤️🤞🙏 Tanya

[Minion]

---

@GAA wrote:

Congrats on your new location! 🎉 I totally feel you on being disappointed with the loan offers. I’m currently 88% paid off, and I used to usually get offers around 75%. It seems like things are changing, so I’ve been checking my Square every day—just trying to be patient. But honestly, it would be nice if Square shared more info about the new algorithms or higher standards they’re using, instead of making changes internally and keeping it such a secret.

❤️🤞🙏Tanya

---

You are close.  Like @VanKalkerFarms mentioned, the trend does seem to be higher minimum in the 80's it seems, so you are almost there.  As for them changing things, Square is actually one of the few that will give you an offer while you still have a balance.  Many other companies that offer these type of loans make you repay the whole thing first , and only then an offer may or may not be available.  

Keep up the sales, you are on your way!

[VanKalkerFarms · Accepted solution]

The trend in self-reported loans is trending to a higher paid back % for new offers, which makes total sense, so that more of your new loan is going to you rather than to pay off your previous loan.  Most information about the algorithm shows that a manual payback to finish the loan will delay any new offers by a week or two.

[Abby_M]

Hi @Tmbeauty28137 

Thanks for posting on the Seller Community.

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. Keep in mind that we can’t guarantee that another offer will be extended before or after the current plan is complete.  If you’d like to submit an additional payment toward your outstanding loan balance, you’re able to do so from your online Square Dashboard. Once the payment has been submitted, it can take up to ten business days for payment confirmation and for your business to be re-evaluated for a new offer. We can’t guarantee that you’ll receive a new offer after you make an additional payment or pay off your loan, but if you become eligible, you’ll be notified directly in your Square Dashboard and by email. 

Don’t hesitate to contact us directly if you have further questions or concerns