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. 

[danengine2004]

yes - but our last loans (3) were for $250k - this time they offered us $100k - we are up in processing this year etc - they have DRAMATICALLY changed the program - we are in process of changing   

[Brooke34]

Thank you so much. I'm needing one more loan. Then I won't be counting on these anymore as there is no rhyme or reason and they are drastically effected by the market. 

[Krb22]

Not so far and it’s very aggravating

[GlitzyCow]

Now wait the frick a minute. YOU were on here scaring people about square not offering loans and you run and hide and not come back and say hey guys I actually got one??? Didnt you also say that they didn’t offer for your type of business any more??????  Now you hide in the shadows? 

[Koleen1234]

is square offering loans??? I mean I never have had to wait this long. EVER! My sales are up 

so I do t understand 

[Twpchair]

They are! If you scroll down to last week you will see all those that received a loan. I've been with square for 14 and my last loan I was 91% paid off. Mine usually average around 70-78%. For most (not all) they are tending to be a higher portion paid off. Good luck to you!

[Jen14]

Lol…didn’t come with update or nothing. Wrote a whole book! 

[GlitzyCow]

Yeah he wrote a whole book about square not lending and discouraged everyone here. Said he was switching. Then didn’t update after actually receiving 100k he didn’t admit it until someone had to ask. Not cool. 

[Twpchair]

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@GlitzyCow wrote:

Now wait the frick a minute. YOU were on here scaring people about square not offering loans and you run and hide and not come back and say hey guys I actually got one??? Didnt you also say that they didn’t offer for your type of business any more??????  Now you hide in the shadows? 

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If people scrolled down through the thread they would see! I know exactly what you're referring to! Yes, multiple did post this week as well with new loans. 

[pawsperrydise]

....

[WyattJames81]

I received a loan offer at 83% yesterday.  My loan was approved in ten minutes or so.  The loan I received last year was larger by $4,000. My sales are down 20% this year.  I had a huge year after the ice storms here in Texas. (I own a chimney company)

[Twpchair]

They are still offering loans! If you scroll down on the loans thread there was multiple people posting they received a loan this past week! My last one was 91% paid off before my offer came in. I use to average around 70-78% paid. For most the % is higher but not all. I saw 2/3 this week that were 60ish paid off. Just keep doing business and checking your dashboard and it will come. Good luck to you!

[Koleen1234]

Did you receive an offer yet? I am concerned I won’t be offered another loan 

[Jalisco20]

I finally received an offer at 80% on Saturday. Have to say im disappointed in the amount offered. The offers are getting lower but my sales have been have been great. It makes no sense.

[lisap1970]

Was it significantly lower than the last loan? How long have u been with square if you don’t mind me asking 

[Jalisco20]

This is my 4th loan. Its the second lowest I've received. I've been using square for 2 1/2 years.

[lisap1970]

I’m at 79% and always had an offer before now. It’s only gotten a little higher each time but now I’m worried. I need the square loans this time of year for the holiday season. I own a baby boutique and and it helps a lot. I hope to have one soon. 

[Tamaratonya]

Same here. Currently at 86% paid and nothing. Never waited this long 

[photoguy2019]

i hope you get an offer soon! im at 31% i know i won’t get any offers 

[Beautyus]

I'm currently going through that issue.  My loan was 3800 I was at almost 70% then I paid in about 8% manually and I never received a new offer. I called in and was told that they now do a 10 day hold on your account when you manually pay. It has now been 10 days and they offered me 700 and I'm not at 98% paid. I'm ready to leave square altogether at this point because this is like my 4th loan with them and It was a clear slap in the face. 

[Jjpainting]

Wait did I read this right. They just offered a loan of $700 when the previous one was $3800?  If so that’s pretty sad. Are your sales up or down since you received your last loan offer?