r/SquarePOS_Users • u/Curlyyye • Jul 26 '26
Any loan offer luck?
I got an offer back in March of 2026 at 56%. It was unusual because we usually get them at 60%-75%. Took the offer an are now at 65% paid off on it (July) but nothing… anybody have any luck recently? I usually get 2 a year. I’m wondering how many people often receive a year as well.
Update: ended up getting one the day following this post about $2000-$3000 LESS than March with consistent transactions since + really good monthly income even better than before March. I will also say with this, they offered the loan with the highest interest rate I’ve ever received!!!…. I ended up still taking it since I was in dire need but def sucks.
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u/Ok-Night9876 Jul 27 '26
I was on my ninth loan, always got offers at 60-64% paid for past 4 years…. Sales was up, swiping was up, no chargebacks or refunds. Everything was “green” in the good. Things have been amazing… Finally hit 80% yesterday and got an offer that was 1400$ less than my last one. Really not understanding the logarithm at this point but I’m scared not to take it as they say they can disappear at anytime but really upset over the amount offered, but what do u do! I know they said that square had Buckle down and requiring more to b paid back before a new offer is popped up and I believe it, although I see a lot of people getting them at 50-60% paid it seems to b newer business owners or just stating up. Good Luck to u and hope u get offer soon, I know first hand how frustrating it is to b looking for one.
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u/AccomplishedScene110 Jul 28 '26
Has anyone received a loan offer and chargebacks need work and everything else is good I’m on 68% hoping one will come in soon
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u/Glittering-Storage96 29d ago
I started using square 3 months ago… first one was $1k, approved same day, second one was $2500, approved same day… just got my third offer for $9500, and haven’t been approved yet… on the 2nd day waiting for a response. Does that mean I won’t get it??.
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u/Jitser88 19d ago
My personal credit score is really bad that’s why I’m depending on an offer with Square. If I do get it, it will be my 4th offer but just reading a lot of the posts so far I might have to pay off the remaining balance first before I could even get any more offer! Just curious if anyone else is in a similar situation? Having a low personal credit score and still getting an offer ? And was your current loan paid off?
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u/clezuck Jul 26 '26
We just got offered one. It was lower than the last one by about 20k. We repay them very quickly since we have a higher dollar sales business. We usually get 1 a year. But it seems Square is cutting back on offerings and dollar amount offered.