Square loans

[Chandler12799]

I  got a square loan at beginning of June. I’ve already paid 94% off . Everything is in the green. 
I have another square business account and I’ve had 4 square loans on that side and have always gotten offers around the 70-80% so wasn’t sure why this business account hasn’t gotten a second offer when I’m 94% paid off. 

[Twpchair · Accepted solution]

It's not just you or why one received an offer 4 months ago. It is important to remember that the first thing about loans is that there is no guarantee when or if you will receive one. The best thread is loans 2025 which has the majority of the responses and you will see how it is going for most (not all of course) it's been upper 90s to paid off completely with about a good 75% of users? It goes through streaks and unfortunately, all we can do is exactly what you are doing and keep swiping the card, and try to kick it in. Definitely, check out the other thread and scroll down through it, and you will see it's not you or one business vs the other it's just where it's at now is all. Good luck and hold tight. They are still lending and loans are going out. The majority are just a much higher percentage paid back. 

[Twpchair · Accepted solution]

It's not just you or why one received an offer 4 months ago. It is important to remember that the first thing about loans is that there is no guarantee when or if you will receive one. The best thread is loans 2025 which has the majority of the responses and you will see how it is going for most (not all of course) it's been upper 90s to paid off completely with about a good 75% of users? It goes through streaks and unfortunately, all we can do is exactly what you are doing and keep swiping the card, and try to kick it in. Definitely, check out the other thread and scroll down through it, and you will see it's not you or one business vs the other it's just where it's at now is all. Good luck and hold tight. They are still lending and loans are going out. The majority are just a much higher percentage paid back. 

[marielmt · Accepted solution]

Hi @Chandler12799!

Thanks for posting on the Seller Community!

The Square Loan program is currently offered by invitation. Offer eligibility is largely based on current payment processing data, which means eligibility can change as frequently as your business does. Because businesses are dynamic, we’re unable to guarantee Square Loan offers.

Your account is regularly evaluated for offer eligibility based on many different factors. At this time, we can’t predict if or when your business may be eligible for an additional Square Loan, however, we will continue to monitor your account for eligibility. If your business becomes eligible to apply for a loan, we’ll notify you through your Square Dashboard.

Hope that helps, please feel free to reach out to us directly if you have any other questions! 🙂