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. 

[Me2018_]

That’s great, thanks for the information. And were your increases doubling on average  from your  previous loan amounts?

[aceshighcyclesh]

In general yes at least the max amounts. I never take them though cause the repayment percentage is more than I want to take on the more $$ you take.

[Dolledup2018]

I’m at 78% and way ahead of current loan schedule, and have been. Eligibility is all green. I love square loans but this is the only down side…you need know when another is coming 😞 

[Dolledup2018]

Never*

[RL35]

I finally received a loan offer after my current loan is 75% paid off. I applied for the loan, and normally, i would get a decision in an hour or so if I am approved.  But now, it's been over 2 days and I still havnt gotten a decision if they will approve the loan or not. And there no one to contact to see if they need something from me or not.

[Me2018_]

Hi, is this your 2nd, third loan. You mind giving us some intel?

[Me2018_]

That’s good, well i hope you get approved soon. Mostbof us int his thread beeen on ineligible screen for the longest and most of us are over 80%. Were you on the white screen for a while too?

[Bellas]

Well I am at 92% paid on my 4th loan yet I haven’t gotten a new offer.

[cardtraders]

Anyone know how the 6 month period works? Everything is green for us, except the "History with Square".

Assuming it doesn't go from the 1st of the month and likely from first process date since it didn't reset for us today. (First transaction Nov 11). 

Everything else is good, roughly 100K in processing, roughly 200 unique customers, no chargebacks, etc. 

Assuming we will see something later in the month (or June?) 

[Me2018_]

It’s exactly 180 days before you can qualify

[Impress217]

I got an offer yesterday at 75% paid off but funds wont be deposited till May 9th, when is usually next day. But im glad I got aproved I needed it. 

[Me2018_]

Glad for you. Was you offer higher or lower than your last one?

[mydpins]

I am on the same boat, have had multiple loans both small and large as I have 2 locations. at 85% of the highest loan to date with them and no offer yet. I have contacted by phone and email asking if they have changed requirements as I know a friend got a smaller one with only 72% paid off last month, all I get is the same generic reply on the website and recording... It's very frustrating as others have mentioned the loans are a huge portion as to why I have not switched processing companies, but if I pay this off and no offer then I may start to look for a cheaper alternative for processing. 

[Tran1313]

I’m at 81% and I just got an offer. 5k less than my last offer. 

[BrnzBarbie]

I paid off my last offer at the beginning of May.  All my factors are green and still no offer over a month later.  I'm tired of being given the same cold,  uncaring answer.  If one has a good account history, one should be offered another loan. Period.  Maybe it's time to consider another processing company.  

[BrnzBarbie]

Update: I finally got an offer.  Albeit small, it was needed.  Still, it took almost two months since the last loan to get another offer. 

[TGHOST]

I’m at 95% and still nothing. It’s extremely frustrating. This loan was a 22k. 

[Oxbow]

I know!!! Its so frustrating!! All my marks are good and my last loan was 12k this after reaching 97% 4600 offer

[ejeje12]

I'm so confused.   I'm 83% paid of a $19,900 loan taken in Nov.  It's my third loan.  Sales are up 46% YTD and processing up 40%.  Everything is in green.  No offer.  It's frustrating that you can't probe an offer or choose when to take a loan.  We are at the mercy of an algorithm that changes daily.  

[Twpchair]

If you scroll down through the thread the majority (not all) are around 90% paid off. Offers are coming in daily but the % seems be higher than what we were use to. One yesterday at 90% just received theirs. Mine was 90 or 93% paid off. Hopefully very soon! 

[GlitzyCow]

I think my biggest frustration is that in my case I pay back that loan in a fraction of the actual term. So instead of square making $2000 on me every 18 months it’s more like every two months. I wish that when you hit your payment for the period you had an option to cut the rate down or opt in to pausing repayment til the next period rolls around. I am very happy to get offers but the last one I had repaid in two months and they offered me a lower amount for my current with a giant growth %. I did notice the trans % went down quite a bit from 17.5 to 12.5. Maybe that is square addressing the concern of rapid fire repayment. I am still at almost 15% repaid within a little over a week.