New Square Loan in 2024

[PFS36]

Mine has always gone to "needs work " every Wednesday since we're closed Monday through Wednesday.  Seems like they'd take hours of operation into consideration.  Best of luck to you!

[SPPhotography1]

I’m at a bit of a loss for what else I need to do to be offered a new Square Loan at this point. I’ve been with Square for over 10 years, had 7 loans now that I’ve have paid back early every single time. Metrics are all in green, record sales year. In 2023, record numbers across the board, no refunds, no complaints or issues of any kind in our entire history. Current loan is 80% paid off, but no new offer in site. This is the kind of stuff that causes businesses to find someone else to process through! Please help! I’m sure I’ll get the same old excuses that you guys send to everyone about looking at every aspect of the business. But there isn’t a single aspect that isn’t way up. I’m not sure if there is a new process they are using now, or if there is some kind of issue with my banking or something else I’m not thinking about or aware of. Any help would be much appreciated. Thanks, because I could really use some new capital to start the year off with and reinvest into my business!

[locksmithnick]

Mine updated at 5:05, sitting at 75%, but no offer yet. Processed just under $30,000 in July, hit just under $1,000 today. 

Today is SQ earnings, so that could possibly cause a delay. However, the did BEAT their ER, so way to go! 

[PFS36]

Block stocks are dipping,  today so that could play a part. We're all in green and updated at 1:30 cst but no offer.

[Healthyketo]

Updated at 3:36pm cst no new offer sadly. Been super slow today but since I’m an online business sales usually don’t come in until later in the evening. Metrics still green and good standing so I’m thankful for that. Still hoping for an offer soon. Would be amazing especially at the beginning of the month.

[hairkandi74]

Account updated and I had an offer waiting for me! Now here's hoping it doesn't take too long to approve.

Praying for the same good news for you all soon! (:

[PFS36]

Awesome! What were your metrics and percentage?

[Jjpainting]

Awesome news. Congrats. My offer came a couple weeks ago and it took less than 5 minutes for approval and deposit into my square account. I’m in my 5th loan, 4 of them took 5-30 minutes.  I think one took like 8-9 hours. 

[ls725]

JJpainting I know you’ve been waiting for a while now, congrats!

[Twpchair]

Congratulations!!!! That's a couple posted this week!

[Alexis321]

2 weeks and still no offer. All paid off and all in green. Wish I knew how they work these loans and why it's such a big secret!  

[Alexis321]

Just received an email congratulating me on paying off my previous loan but no new offer. That's a start I suppose!

[BodyLabPhilly]

Just hit 90% paid off, still hoping that an offer comes through.  Last week sales dipped and dropped into “needs work”. Had a few bigger transactions at the beginning of this week so we’re back to all green. 

Hitting our slow season, so could really use it now.  Good luck to everyone else waiting! 

[BodyLabPhilly]

Just hit 90%, hoping for an offer.   Sales dipped last week and put us into ‘needs work’, but have been all green since Monday. 

We’re going into our slow season, and usually have the loan by now to help us through.  Good luck to everyone else that is still waiting!   

[jackiebee12]

we just hit 90% too! sales have been better today than last week and the last couple days. crossing my fingers and toes 

[locksmithnick]

I think mine is delayed because I went out of town Sunday-Tuesday, and then hit 75% on Wednesday. 20 loans in 10 years and I’ve never had to go beyond 75%. We’ll see what happens… 

[Twpchair]

Good luck! Hopefully, they push some out faster! A lot have been on here a good month or longer! 

[PFS36]

Mine has always gone to "needs work " every Wednesday since we're closed Monday through Wednesday.  Seems like they'd take hours of operation into consideration.  Best of luck to you!

[Healthyketo]

Sales been good so far today so praying for a breakthrough TODAY in Jesus name! Not just for me but for all of us waiting! Happy Friday Everyone! 

(1 month 1 week paid off)

[Alexis321]

Amen!

[PFS36]

Thank you and praying for all of us waiting.  

[Alexis321]

Just received a loan! 

Finally! Just wanted to let everyone know. Much larger than the last loan.  Very happy. Slow months till December for me.

Oh, btw...I sent the info in and bam it's in my account! Ty Square!

[Healthyketo]

Awesome! GREAT NEWS!! Hopefully more will come through!