Has anyone received a loan offer in 2023?

[Blackbear579]

I'm at 71% and usually see a offer by now (between 65%-70&).

[#2]

I'm where you are at (minus the actual loan offer part.) Sale are up about 60% over a year ago and processing is up about 65%.  All the other things are in the green.

I think most people's frustrations are that it's just not transparent and there isn't a clear goal to strive for. It is also disheartening to just be told the same quotes over and over. It comes across as uncaring and impersonal. Which if that's the case is fine, that should be conveyed to clear up misconceptions and so people don't get their hopes up. It would also come across as more professional to state those things (economy and such) from Square itself. It would let people know where they stand and can make appropriate decisions. 

[_Violet · Accepted solution]

Hi all 👋 @Blackbear579 @DD_2019 @Me2018_ @Swain - I just wanted to drop in to provide some context on Square Loan offers:

Square accounts—including accounts with an active loan—are reviewed for eligibility regularly. You don’t need to contact us or provide any additional information to become eligible for another loan offer. You can check your Square Dashboard (at any time for more information about your current eligibility status.

Offers are not guaranteed and we are unable to predict when your business may receive another offer. Loan offer details, as well as the timing of eligibility, may differ from your current Square loan. You can find additional details here in the Square Loan Eligibility FAQ support article.

If you have any additional questions about Square Loans, you'll need to get in touch with the Square Financial Services Team by logging into your Square account and heading here. The Financial Services Team's business hours are Monday - Friday, 10 AM to 7 PM CST.

I hope this information is helpful but please do let me know if you have any additional questions.

[sayra · Accepted solution]

Hello, @Fca. 

It's understandable that you're curious about the timeline for a new loan offer after being denied, especially given your previous experience. Every case and account is different, on this platform we do not have greater visibility regarding your account and loan qualifications. 

For Square Loan related questions and Loan availability or eligibility you will want to reach out to the Square Banking team. They are available at 855-700-6000 between 6 am - 6 pm Pacific Time Monday-Friday. Our designated team will be more than happy to help you further. 

In addition, we went ahead and merged your post to this existing thread where other Square Sellers have discussion their Square Loans. We merge duplicate conversations together to keep like comments in one place, and to make it easier for others to find the thread in the future. 

Thank you. 

[photoguy2019]

i hope you get an offer soon! im at 31% i know i won’t get any offers 

[Beautyus]

I'm currently going through that issue.  My loan was 3800 I was at almost 70% then I paid in about 8% manually and I never received a new offer. I called in and was told that they now do a 10 day hold on your account when you manually pay. It has now been 10 days and they offered me 700 and I'm not at 98% paid. I'm ready to leave square altogether at this point because this is like my 4th loan with them and It was a clear slap in the face. 

[Jjpainting]

Wait did I read this right. They just offered a loan of $700 when the previous one was $3800?  If so that’s pretty sad. Are your sales up or down since you received your last loan offer?

[PartyManiaMD]

I received my most recent Loan from Square in February. I believe it was at 75% or so payment of the last loan when the offer came in.

It was literally when I was in a crunch for cash which was nice, so hang in there and if you need a loan it will hopefully come through in time. It's still better than the offers not coming from the bank LOL

[DD_2019]

Did you receive an offer yet? 

[Blackbear579]

Not yet. sitting at 83%.

[DD_2019]

I’m at 81%. I’ve never not been offered by now. I owe less than I did the at the last offer. 

[Hudson7484]

I'm at 82% 🤦‍♀️ have you gotten an offer yet?

[Sugarandgeek]

I'm right there with you. I'm at 80% and I usually get one around 75%. Hopefully, we get one soon! 

[ib_cleaning]

I haven’t received an offer yet myself and my almost at 80% I’m in the need of the money for my businesses so hopefully I get something soon! This would be my 4th loan.

[Twpchair]

They seem to be coming few and far between that for sure. I've been with square since 2014 I believe and never seen it this slow even during covid it seemed more people were getting approved.  I've done multiple loans usually 74-78% paid and nothing here either. It's billboard time for us! 

[Ashleycsa7974]

Did you ever get an offer?

[Oxbow]

I usually recieve an over around 70% paid this time it wasnt till 94% paid and sales are up

[CCravings]

Was it a decent loan amount? 

[Oxbow]

NO!!! All numbers are up and the last loan 12k was paid in 4 months new offer 4600 lol and its 40% paid before 1st payment due

[MuttWorks]

I’m currently sitting at 99% repair on an 18k loan. No offer. We took our loan dec 27,2022 and will have it fully repaid by the end of this month. No new offers yet 😢. And we are needing more space, so another loan at even just that same amount would be amazing. Our sales are up 70% as well. I can’t find the dashboard that I’ve seen once with the green and red numbers to tell you to improve or that you’re doing good on repayment either. 

[Oxbow]

The dashboard is now under the ineligible tab.... 

[danengine2004]

I’m at 100% paid off and nothing yet

[Me2018_]

Recieved an offer yet?

[Blackbear579]

Nada @ 85% 

[DD_2019]

Still nothing? I’m also at 85 now.