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Minimum time to have a square loan??

Hello. I am just curious if there is a minimum time requirement to have and pay off alone before you can be considered for a renewal. I’ve only had my loan for three weeks and I’m already at 74% paid off with my sales skyrocketing and I just kind of figured I would get a new offer by now, but no such luck. Does anyone know if you are only eligible every 2 or 6 or however many months??  

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Square Champion

Hi @BuckeyeOH.  There is no set timetable.  Since you say that your card processing has greatly increased, I would expect that you’ll see one shortly.  But there are no guarantees.  I can tell you that many sellers (myself included) have noticed that new loan offers are coming later than they used to, and some don’t see a new offer until they are completely paid out of their current one.  There is nothing to do except wait for the offer to arrive.  II know that’s not the answer you were looking for, but it is what it is.  I wish you well!

Chip
Square Champion, Innovator, Expert and Truth-Teller (The good, the bad, and the ugly. Lol)
Piper’s Ice Cream Bar, Covington KY USA
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Click here to see a list of third-party apps I use to add functionality to my Square account!

If my answer resolves your issue, please take a minute to mark it as Best Answer. That helps other sellers who find this thread in the future.
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