Has anyone received a loan offer in 2023?

I'm at 71% and usually see a offer by now (between 65%-70&).

429,707 Views
Message 1 of 1,987
Report
1 Verified Answer
Verified Answer

Re: Has anyone received a loan offer in 2023?

I'm where you are at (minus the actual loan offer part.) Sale are up about 60% over a year ago and processing is up about 65%.  All the other things are in the green.

 

I think most people's frustrations are that it's just not transparent and there isn't a clear goal to strive for. It is also disheartening to just be told the same quotes over and over. It comes across as uncaring and impersonal. Which if that's the case is fine, that should be conveyed to clear up misconceptions and so people don't get their hopes up. It would also come across as more professional to state those things (economy and such) from Square itself. It would let people know where they stand and can make appropriate decisions. 

1,986 REPLIES 1,986

How were your loan amount’s so far?i believe you said yiur paying off your 4th 

9,508 Views
Message 1597 of 1,987
Report

Yes my fourth this one was $28000

paid 66% in four months 

9,378 Views
Message 1598 of 1,987
Report

Wow that’s great hear. Were your first 3 offers low as well or were they doubling up each time? 

 

 

11,326 Views
Message 1599 of 1,987
Report

Yes

11,342 Views
Message 1600 of 1,987
Report

Thats great, out of curiosity what’s your rate like on that 28k?

11,279 Views
Message 1601 of 1,987
Report

19.25

11,345 Views
Message 1602 of 1,987
Report

Received an offer yet?

11,355 Views
Message 1603 of 1,987
Report

No😞

11,381 Views
Message 1604 of 1,987
Report

Same here , at 77%. Usually by now i have an offer. Everyone i know in the percentage paid hasn’t recieved one yet 🤔 

11,378 Views
Message 1605 of 1,987
Report

Nope 

11,258 Views
Message 1606 of 1,987
Report

no at 81% paid with a 900K processing volume and a bogus ineligibility put there by square since they are the only ones declining me for funding! 

8,661 Views
Message 1607 of 1,987
Report

same!

 

10,625 Views
Message 1608 of 1,987
Report

Are your Loan Repayment factors also green?

10,464 Views
Message 1609 of 1,987
Report

Did you receive an offer yet? 

17,279 Views
Message 1610 of 1,987
Report

Not yet. sitting at 83%.

17,200 Views
Message 1611 of 1,987
Report

I’m at 81%. I’ve never not been offered by now. I owe less than I did the at the last offer. 

17,212 Views
Message 1612 of 1,987
Report

I'm at 82% 🤦‍♀️ have you gotten an offer yet?

15,342 Views
Message 1613 of 1,987
Report

I'm right there with you. I'm at 80% and I usually get one around 75%. Hopefully, we get one soon! 

14,814 Views
Message 1614 of 1,987
Report

I haven’t received an offer yet myself and my almost at 80% I’m in the need of the money for my businesses so hopefully I get something soon! This would be my 4th loan.

14,132 Views
Message 1615 of 1,987
Report
Square Champion

They seem to be coming few and far between that for sure. I've been with square since 2014 I believe and never seen it this slow even during covid it seemed more people were getting approved.  I've done multiple loans usually 74-78% paid and nothing here either. It's billboard time for us! 

> Square Champions Innovator, Beta Community Member, Square Champion Expert, Square Champion Advisor.
If I helped answer your question hit the best answer. Thank you!
13,597 Views
Message 1616 of 1,987
Report

Did you ever get an offer?

8,380 Views
Message 1617 of 1,987
Report