When will I be offered another Square Capital Loan

[Garageland]

We are currently close to paying off our square capital loan. When should we expect to recieve another offer? Its concerning to me because whenever I ask the question all I receive is a generic reponse. I’m debating if I should wait for another loan offer from Square or try with someone else like PayPal or Shopify. For the most part I like working with Squares loan process, but this having to wait and see if they’ll make an offer or not is a bit annoying.

[Kimmiesue12001]

When you say close...how close? We typically see a renewal offer at about 78% paid. We are at 82% and have not seen any offers yet. A friend of mine said she received an offer at 90%. It really is a guessing game unfortunately. Wish we all could get straight answers. Keep us updated and we will do likewise

[Kimmiesue12001]

Wow...well good for you less debt (I guess). We were scammed and had 1 large chargeback/refund....I have a feeling that might have played a role in my lack of renewal offer. Yes we are up there as well in sales...it is what it is. 

[speakmountain]

I just posted this on another thread hopefully to offer some hope to other businesses waiting on capital offers. I just received an offer today at 71% paid on my current loan. But it truly just depends. My friend received an offer just a few days after paying her last one off. So I don't believe there is any way to truly know when one will come through. Today is my deceased moms birthday & I truly needed a capital loan soon & I tend to believe that my guardian angel worked the capital algorithm in my favor today ;). Anyways keep processing & good luck! Hopefully this offers you some hope that capital IS still offering loans as they always have, in spite of so many complaining that the program has changed or stopped offering capital loans. God bless!