Has Anyone received Square Loan offer in 2022?

[TheMercantile]

Has anyone received a square loan offer in 2022? For some reason it says I’m ineligible, however I was just offered 100k in Nov. I turned it down because the payback rate was 17% so that means with a good Dec, they would’ve taken $51,000 of my profits in just 1 month. I did a thumbs down on the offer because of that. Does rating the offer poorly take me out of receiving offers? 

[Lavieenrose1912]

Anything yet? I’m at 85%! 😭

[OceanicAvenue]

..

[Stefanieblue]

Hello everyone… I had to pay my loan off at 100% in order to receive my next loan… so their algorithm is basically to pay it in full with being in good standings. The one good thing I like is that they will allow you to deposit it instantly… so to those that have inquired about are they still giving out loans, they are…just have to pay it all to 100%… I hopes it helps… 

[ianssoph]

Did you pay it off early, or process credit cards until it was 100% paid off? Just curious! 

[Stefanieblue]

I did pay it off by processing more than the minimum balance amount..

[BarronW]

How long was it after your loan was paid off before you got an offer ? Mine has been paid off a couple days and I was just curious. Thanks for any help ! 

[ianssoph]

I would imagine that they review your account within 14 business days of it being paid off. As long as all of your sales and chargebacks are good you should be receiving an offer soon!

[PerroneTech]

All of my loans, except my first of course, all came before I was done with my previous loan.

[PerroneTech]

I love Square loans because they are "fire and forget", it automatically gets paid back and that takes a lot of pressure off paying it back on time, etc.

However, I really wish they'd push it out a bit further in order to lower the percentage of daily sales.

I'm not a high-volume seller, so my loans are smallish, my biggest one was just on Jan. 25th of this year, and I'm already at 74% as of today, but it is 18.25% of my daily sales which hurts a bit, but I just raised my prices since it was about time I did anyway.

Usually this close to finishing I get a new loan offer, and I could really use one right about now, I want to get a nice bit of new inventory, but I have no choice to wait. It would be cool to have a request feature, or perhaps Square can start revolving lines of credit.

[Lavieenrose1912]

Positing in here bc I’m feeling so frustrated. I’ve had quite a few loans with Square. No chargebacks. No complaints. And I’m nearing 90% and nothing. I know quite a few people who have gotten loans sooner so I’m feeling frustrated! There doesn’t seem to be a rhyme or reason. I’m doing all the right things!

[dgermanshepherd]

Did you have any luck? 

[Asiana25]

First time with a loan offer . Kind of nervous. 

[Nchairsalon]

has anyone received a loan offer yet I'm at 76% last one was in February also at around 75 % 

[Jjarquin1111]

Funny how it has changed , no more offers as often , its been a year and I've paid them way earlier then my due date and have had 3-4 loans and all paid in full and not ones late .  Seems like i am not the only one asking why no more offers ??  I hope you get one ( offer ) 🙂 

[Nchairsalon]

thank you! hope you get one soon aswell

[Nchairsalon]

this might be a weird question but i just checked my loan payment activity anf nothing is showing for October does anybody know why this might happen even though there has been automated payments made on the loan as of yesterday 

[ianssoph]

Mine says the same thing! Maybe there’s a glitch. My original loan amount is still decreasing. But my individual payments are not showing.

[ianssoph]

@_Violet can you help?

[Nchairsalon]

mine is like that also wonder what's up. 

[Nchairsalon]

mine is still the same. how about yours

[Nchairsalon]

my account is under review and transfers suspended.  wonfer if ill get an offer soon