Square loan 2025

[Inductionfreddy]

Hey everybody good evening. I’ve been processing with for a while and I’m pretty sure I already have the answer to my question but I just wanna see what some of you guys think. This year I got a credit card processing machine and started using them so my square sales went down for about 2 to 3 months. I recently started using swear again significantly and I just got my loan paid 83% and just got a loan option for 8500 which is less than my second loan I’m imagining this is because I didn’t process high volume with them for those two months and I had to get my metrics back in the green. Does this sound about right? I’m glad with the offer. I can definitely use it

[ryanwanner · Accepted solution]

Hello @Inductionfreddy !

Yeah, that sounds about right. The algorithm takes everything into consideration when determining your loan amount, and if you had a gap in sales it will bring your offer down. 

Since it sounds like you're ready to reup your loan with the lower amount, the best advice I have is to keep using Square for your card payments, and provided everything else stays in the green, your next offer should be more in line with what you were expecting this time.

[ryanwanner · Accepted solution]

Hello @Inductionfreddy !

Yeah, that sounds about right. The algorithm takes everything into consideration when determining your loan amount, and if you had a gap in sales it will bring your offer down. 

Since it sounds like you're ready to reup your loan with the lower amount, the best advice I have is to keep using Square for your card payments, and provided everything else stays in the green, your next offer should be more in line with what you were expecting this time.

[Inductionfreddy · Accepted solution]

That’s kind of what I figured, but thanks!