Yes, they originate 1,000+ loans daily. in the last quarter 105,000 loans were given (non PPP) totaling $778 Million.
Sometimes people do get them before the one is paid off and others not until months or more after.
Personally, if you are in need of a loan after loan I would look into an RLOC (Revolving Line Of Credit) as that will be much lower in interest than short-term Square loans.
