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. 

[Dolledup2018]

Click on the not eligible and it will open all those eligibility factors you are use to seeing: they are still there 

[Dolledup2018]

I replied earlier about this thinking that it was were you weren’t clicking details but now my account just went blank too where it shows the same message you are getting. I am going on to 79% paid and all green and well above payment schedule. Now it’s shows now eligible? 

[aceshighcyclesh]

Exactly what happened to me… I got a replay back from the management of square loans and they gave me a super vague answer  stating that due to my current account activity I was not eligible?? similar to the generic message and said they can’t go into detail? 
this is bizarre… glad to know it’s not just me.

[Dolledup2018]

Mine just changed to this also 😬 any offer yet for you? This is driving me CRAZY!!! 

[aceshighcyclesh]

no offer, no looking at eligibility factors, just that message of being ineligible?

no info from square, very frustrating.

[Dolledup2018]

I am 78% paid, was showing all green yesterday, and I am always way ahead of paid schedule and then last night it went to the ineligible screen…I’m so confused

[aceshighcyclesh]

That is the exact same situation I am having. I am also very confused. Always paid off ahead of schedule etc. not sure what the heck is going on. I had someone mention that it could be they've changed eligibility requirements and are being much more frugal with lending at this point due to the state of things...maybe but I don't know. Definitely frustrating!

[FreshPrintsSW]

Same. This is why I came here. Has this changed for you at all?

[DD_2019]

Since mine changed back to the page where you it says “good”, it hasn’t changed anymore. It changed back 2 weeks ago today and has stayed on the factors. I’m at 91% paid back. 

[FreshPrintsSW]

Sorry for the double reply smh...and thanks for the response. I guess we'll see what happens.

[JonathanBarber]

Just received an offer after paying off loan #11, exactly one year and one day after previous loan offer. This offer was 75% of previous loan that was recently paid in full . 

[aceshighcyclesh]

how long had you been paid off before the offer came? 

thanks!

[FreshPrintsSW]

Same. This is exactly why I came here today. Has this changed for you or still same?

[Flavor2017]

My account has been on that for almost two months now.

[Greatlakes891]

I’m at 79% and really hoping I see one in the next few days to help scale things to the next level 

[Me2018_]

Good luck, same here , i’m at 77%

[Swain]

🤞🏻

[Dolledup2018]

Same 🤞

[Me2018_]

Will do the same

[Paula_hanks19]

I’m waiting for an offer myself as well. I’m sitting at 69% paid on my current loan and have paid back almost $19,000 since November. This is my 5th loan with square and I have daily card sales. Although I appreciate the ease of the daily repayments and how it’s helped my business, it can be frustrating sitting and waiting to receive an offer with no knowledge of when that financial assistance may come my way.

[Me2018_]

That’s great to hear, hope you get one soon. If you don’t mind me asking, what was your total loan amount and your payback rate ?