Has anyone received a loan offer in 2023?

[Blackbear579]

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

[#2]

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. 

[_Violet · Accepted solution]

Hi all 👋 @Blackbear579 @DD_2019 @Me2018_ @Swain - I just wanted to drop in to provide some context on Square Loan offers:

Square accounts—including accounts with an active loan—are reviewed for eligibility regularly. You don’t need to contact us or provide any additional information to become eligible for another loan offer. You can check your Square Dashboard (at any time for more information about your current eligibility status.

Offers are not guaranteed and we are unable to predict when your business may receive another offer. Loan offer details, as well as the timing of eligibility, may differ from your current Square loan. You can find additional details here in the Square Loan Eligibility FAQ support article.

If you have any additional questions about Square Loans, you'll need to get in touch with the Square Financial Services Team by logging into your Square account and heading here. The Financial Services Team's business hours are Monday - Friday, 10 AM to 7 PM CST.

I hope this information is helpful but please do let me know if you have any additional questions.

[sayra · Accepted solution]

Hello, @Fca. 

It's understandable that you're curious about the timeline for a new loan offer after being denied, especially given your previous experience. Every case and account is different, on this platform we do not have greater visibility regarding your account and loan qualifications. 

For Square Loan related questions and Loan availability or eligibility you will want to reach out to the Square Banking team. They are available at 855-700-6000 between 6 am - 6 pm Pacific Time Monday-Friday. Our designated team will be more than happy to help you further. 

In addition, we went ahead and merged your post to this existing thread where other Square Sellers have discussion their Square Loans. We merge duplicate conversations together to keep like comments in one place, and to make it easier for others to find the thread in the future. 

Thank you. 

[Dolledup2018]

79% paid off, 10th loan, always ahead of payment schedule. Was all green and have been on ineligible screen for 2 days now. 

[Me2018_]

Wish you the best of luck. I’ll keep  my updates on here .

[Dolledup2018]

You as well! I will do the same 🤞

[Dolledup2018]

Are you still sitting on that not eligible even after being all green and being paid ahead of schedule? Mine has not changed back and I have processed lots of transactions 

[OwensMarket]

Yes as of today 04/16/2023 12:30 Pm Central Time 

[Dolledup2018]

If you don’t mind sharing what percent were you at when offer came through and how was it in comparison to past offers? I appreciate any info you could share. Seems to be a lot of us anxiously awaiting! Happy for you though! 

[Me2018_]

You recieved an offer today? If so what percent?

[Me2018_]

Yes, same here, at 83%. And still in hibernation mode, mine usually updates around 230ish eastern time. What percentage are you you on now ?

[aceshighcyclesh]

I still am on the ineligibility screen as well having processed many transactions between Monday and Saturday. I’m at 83% as well. 

[DD_2019]

Mine has changed back and forth between that screen and the other one for the the last week. I’m at 87% and no offer yet. 

[aceshighcyclesh]

Mine has never changed back to the eligibility factors as of yet. 

[Jjpainting]

My eligibility screen has been at ineligible for about a week now. Once I hit around 60 or 65% paid off for my current loan if switched to that. Before all my factors were green. I’m now at 87% paid back and probably after tomorrow I’ll be around 95% paid. Let me know if yours changes at all or if you are offered another loan. My current loan is my first one. Didn’t think I was going to need another one, but one of my vehicles needs replacing now so it would definitely help out. 

[Me2018_]

Has anyone read a thread a couple days ago posted by a square member that the computer system was having issues with updating balances and the engineer was in the process of fixing it ? 

[DD_2019]

I didn’t see that. 

[aceshighcyclesh]

I did not hear this either.

[Rayhubbard]

I just paid off my 4 loan with square and am waiting to get another offer but have not received one.

I have more customers then I've ever hade and processed more card transactions then ever but for some reason have not received an offer yet.

As business keeps growing I really need to add another vehicle, so I'm waiting myself. 

[Me2018_]

Any luck for anyone?

[DD_2019]

Nope

[Me2018_]

What percentage are you at now, and are you still on the ineligible screen?

[DD_2019]

I’m at 87% still and I’m on the screen with the eligiblity markers since Wednesday. 

[Me2018_]

Wow this is almost scary, yea i’ll be a week tomorrow at the ineligible screen. But last time before i got my offer i was in the same state for 5 days but at a lower percentage