loan September 2025

[PHE21]

I’ve had my square loan paid off for about a week and every time it updates I’m in the green for everything. I always pay my loans off within 4-6 months. This is my 3rd loan paid off and was expecting a new loan offer by now. I usually get it at 75% but never got one. What is the new loan evaluation process? It seems to not be how it used to be. Really need one this week to help kick off my new project smoothly.

[Minion · Accepted solution]

I gotcha!  So if the final payment was a manual pay off, then I believe it can take up to 10 business days for the algorithm to kick back in.  

[Minion]

Hi @PHE21 

The process I believe is still the same as it has always been.  I would take those "metrics" with a grain of salt.  As long as they are green that's good, but I wouldn't look further into those then just the making sure they stay green.  The % paid back seems to be like it was geared at a higher % for the last couple years,just based off other square loan threads here, which isn't necessarily a bad thing though since more of the new loan can be put towards future growth vs payback. 

Did you pay it off manually or did it occur with sales?

[PHE21]

It was paid off both manually and through majority sales. All depending on how contractors pay for services. 

[Minion · Accepted solution]

I gotcha!  So if the final payment was a manual pay off, then I believe it can take up to 10 business days for the algorithm to kick back in.  

[PHE21]

Yes my last payment was manual. I’ll just wait it out. Keep doing what I’m doing. I appreciate your communication 

[Minion]

No problem!  Best of luck to yah!

[PHE21]

Just wanted to come back to let the community know I got a new loan. Just had to wait it out. It was less than the last but it helps moving forward. So if anyone worried about the square loan don’t. Just keep running your business and pay the loan off on time.

[Minion · Accepted solution]

Glad to see that you got one.  Yeah those manual payoffs at the last bit can cause a hiccup with the algorithm. But none the less, congratulations and thank you for reporting back!

[Twpchair]

Congratulations 🎉 you are so right! Keep proccessing away!

[Twpchair]

Any news yet?

[Twpchair]

I will 2ne all of this @Minion has stated. Also, loan numbers 3 -4 are kinda tricky. The algorithm is just starting to get your processing habits down. Above all you want a loan to fit you and get the most out of it. Good luck!!!

[Prnutrition]

I’m currently at 92% paid off, all green and taking credit card sales all throughout everyday with just having a higher sales month in August! No new offer anywhere to be seen. It’s very discouraging because I really needed it a few weeks ago when I was around 70-75% and have patiently waited every day to the point where now I worry if I’ll get another offer at all. Everytime I call they tell me “your account looks good but we don’t know when you’ll get another offer”… the system seems kind of broken in my opinion. 

[PHE21]

Yea I know what you mean. I really need one myself but this just taught me not to ever depend on nothing that isn’t guaranteed. Mine is paid off but I still haven’t gotten anything myself. So I’m just doing what I have to and hope one show up if it do. Square seems to still be giving people loans so just be patient and stay focus. Don’t let this determine your business outcome. Good thing about it is if they give you one you won’t have to worry about any of it going towards paying off your open loan as much as if you were at 75%

[Abby_M]

Hi @Prnutrition 

Thanks for taking the time to reach out to us

We understand that not being immediately eligible can be frustrating, Keep in mind new offers are not automatically extended when a certain percentage of an existing loan is repaid. While you are not currently eligible for an offer, your account is automatically reviewed daily to determine eligibility.

Feel free to reach out to us directly if you have any additional questions!

[PHE21]

This is true. I’ve been had mine paid off almost 2 weeks and been in green also everything still in green and haven’t received an offer. It’s a waiting game. The more you depend on it the more you have bad thoughts on it. I try to continue without thinking about it. I had got to comfortable receiving there loans as expected. The change up threw me off