Third square loan offer??

[Beardgal2006]

So I’m at 92% paid off on my square loan, does anyone know if they are still offering g before loans are paid in full? 

[ryanwanner]

Hello @Beardgal2006 !

Yes, Square is still offering loans, and I've heard a few merchants here say they were offered a loan with an open balance on their current loan.

The loan program has definitely become more stringent in their approvals since the pandemic though. Check out this post here that has a few comments from Loan admins about some of the things they look for. As long as you're still making payments, have no chargebacks, and are still showing continued sales/sales growth, you are eligible. How the systems determine eligibility is something only Square knows though.

[Beardgal2006]

Thank you! 

[BillyJALP]

Did you ever receive another loan?  We usually receive loan offers at around 70 percent paid back and currently sitting at 76 percent with no loan offers.  

[Beardgal2006]

I did but I paid it in full. Now I’m at 85% and awaiting a new offer….

[Candlestore]

keep taking Credit Card sales and you will get a Loan offer.  I just got a new Loan as of 10-30-2022.

[Plenner]

I payed off my 2nd square loan early and it’s been a few weeks and still have not received another offer.hopefully I get another offer soon.