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.  

[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

[Twpchair]

Hello, I do remember you. I knew you were disappointed with the first couple of offers, but do you see now what kicked it in? The jump in sales. The algorithm is collecting data, and the way you are processing. Swiping daily is up, and the volume of swipes is up, which are all indicators of a healthy (busy) business. If you are paying off multiple loans that are meant for 18-plus months in 3 months, it’s going to adjust your offer to match your processing. I have seen that 55% posted and a new offer. You keep growing (sales), so offers follow that. My last two have been in the 60s, but I'm up now 42% higher than the previous year, and every month. My offers are really increasing now. I just don't accept every offer, especially during our busy time. I am so glad you posted, and keep knocking it out!

[lisap1970]

I have been with square close to 15 years and have had many loans with Square . I have never had any problems at all with chargebacks or anything like that .i always get an offer around 75% . I’m at 79% and haven’t seen anything.  And these are small not at all like some I’ve seen.
I tried to call Square and the first man said they only communicate by email now. I called back and a sweet lady put me to the loan department and it asked me to push what I needed and I did and got read a recording and hung up. So I haven’t called in a couple years but is this how we speak to someone at square now? With the holidays approaching I really need the loan for inventory. I know we are not supposed to depend on the loans they aren’t guaranteed but my business was affected by Helene last year and so we are taking it one day at a time. This time I have to depend on them. 
Any advice 

[Prnutrition]

I’ve been 100% paid off for almost a month now, (the last payment was NOT a manual payment) all green, tried to speak to a few people and have gotten no clear answers. It’s frustrating, but definitely trying to tell myself this is just a sign that I didn’t need to depend on them!