Will my offer expire? Hoping for better terms

[VLPSEP]

We are about 90% into paying off our current loan and got an offer for a new loan but it is lower than we hoped for. 

We’re evaluating if we want to continue paying off this current loan to potentially get a better offer. Will the new offer expire? If so, how long do we have to decide? The offer came this past Saturday, August 16th. 

[Minion · Accepted solution]

HI again @VLPSEP 

Offers through Square Loans are only available for a limited time. They (Square) are constantly evaluating your account (even if you have an active offer), this is done on a daily basis. You’ll continue to see an offer for as long as you are eligible. Offers are based on a variety of factors, including recent Square processing volume, payment frequency, outstanding balance, and account activity.

Unfortunately there really isn't a set in stone type of deadline.

[Twpchair]

I’m surprised you still have the offer! They don’t usually stick around long like @Minion said they update every night as long as you are processing.  Holding on is a 50/50 shot. For some people, it works, and others drop lower. 

[Abby_M]

Hi @VLPSEP 

Thanks for posting on the Seller Community.

You’ll continue to see an offer for as long as you are eligible. Eligibility is based on a variety of factors, including recent Square processing volume, payment frequency, outstanding balance, and account activity. Offers are only available for a limited time meaning offers can expire or fluctuate. 

Please contact us directly if you have any other questions.