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. 

[maddington]

I FINALLY got an offer today for $2k less than the one before and my sales have been 2-3x what they were before for the past 4 months. Doesn’t make sense 

[Dkeoonla]

What percentage of pay off where you at to get an offer?

[Pete425]

what percentage were you at?

[ApplePeach]

What percentage were you when you finally got an offer. I’m at 77% and hoping one comes and day now. 

[ApplePeach]

I have figured out that if you take your total credit card sales for last 12 months and divide 12 that’s usually the amount you get. 

[ApplePeach]

Got an offer Friday at 81%. Less than my previous loan but helpful. 

[Pecard81]

I have received a offer at 81%, offer went up about 5% from last one which I got in September 

[Mollick]

I am at 85% but no offer yet .

[DD_2019]

Have you received an offer? I’m at 85% now. 

[Beangirl]

No not yet sadly. Still waiting and checking the dashboard every day. 

[CircleP20]

Nothing yet... 100% paid for almost 2 months..

[Mollick]

Is all the marks is green(good) ???

[ggbluejune]

Finally got an offer

[DD_2019]

Sweet! I’m happy for you! What percent were you at? I’m just glad somebody did! 

[CircleP20]

Awesome...good for you..

[perkits]

26% paid and received offer

[Stefanieblue]

Hey, how is this possible… what are your annual sales?  26%?  I’ve seen people on here struggling…I’m starting to think ost of these responses are from a robot. 

[Twogirls1BUCKET]

Hey Stefanie- I am  not a robot, you can totally check my website if you feel the need to disregard my cleaning company. I am NOT sure how its possible. I made over $100k last year in cleaning sales.

Robot? I think not.

[Twogirls1BUCKET]

I got a few offers last year-back to back. So I am not sure. But its really discouraging to not understand the rhyme or reason. Over 100k in sales, and yet nothing. 

[brown17]

I have all three of these things and nothing at 61 % paid off 

[photoguy2019]

wow thats amazing! im at 31% and still nothing i never got one that early on.