Like @Minion said the offers are coming in around the 80s not all of course we are seeing some upper 90s to paid off completely. Hopefully, that trend of completely paid off will slowly go away! Your 2nd and 3rd loans going off the majority seem to come a tad later. Nothing on your end and congrats on the move and increased sales! But, Square or the algorithm is still trying to adjust to your overall health, sales, processing, etc. Newer loans sometimes vary as they are learning about you and your business processing history is all. They want to make sure that they give you the proper offer is all. Keep plugging away and swipe as much as you can. Your metrics are all great that's great, your 1st loan was paid back successfully, and you're ahead on 2nd loan. Once you start to get into loan 4/5 type thing they have a better understanding of how much, how often, return vs new customers, and if you have any disputes or returns ( those try not to do or keep them extremely low) also @Minion was 100% correct say you owe 2k if you paid 750.00 of that off manual it bumps up your loan paid off. You do NOT have to pay it all off. Just an FYI if you paid it all off it takes 10-14 business days to completely square then another 10-14 days to go back into the algorithm system. If I accept a loan and right around your % I usually do around 750.00 or so. Whether it is luck or helps I tend to get an offer sooner than paid off. All we can do here is give our best opinions from years of experience and watching the trends. Until someone cracks that ole algorithm we are the best way to keep each other informed. Jump on the thread loans 2024 board that is the most current one. Good luck to you!
