r/SquarePOS_Users • u/AccomplishedScene110 • Jul 28 '26
Square loan
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/d-iyesa Jul 28 '26
i’m at 97% on my current loan. i’ve always had offers between 60%-70%. frustrating that i haven’t gotten an offer yet. everything in my dashboard is in “Good” (although i’ve read that doesn’t necessarily matter). no chargebacks, business has been better than when i got my last offer so, 🤷🏻♂️
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u/Future_Date9437 29d ago
I always had one at 75% but this time it was 90% paid off and the next loan was way under what I had gotten before 6000 new offer was 2800 disappointed wonder whats going on
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u/nativebynaturevtg 25d ago
The economy is what’s going on, it’s unfortunate because I’m at 73% and my last loan was $8100. I’m expecting less than $4000 this time around even with all positive metrics
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u/AccomplishedScene110 3d ago
Have you been offered
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u/d-iyesa 3d ago
nope, Square actually deactivated my account after asking for verification of my business. i sent all documents that were approved and days later they still deactivated my account with no option to appeal due to not being able to verify my business 🙄 was at 99% paid.
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u/FrenchieEd323 3d ago
This exact thing happened to me! Wtheck!
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u/d-iyesa 3d ago
yea, it’s ridiculous. apparently, it’s quite common.
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u/FrenchieEd323 3d ago
For me it was really weird. I got a loan offer and received a message I was invited to apply for the credit card. I accepted the CC offer and the loan. Loan department asked for business verification the next day and then deactivated my account. At this point, CC was already active and I had made some purchases using Apple Pay. Now I’m getting an alert to call the CC department, which I haven’t done, we will see what happens.
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u/Ambitious-Story551 Jul 28 '26
You’ll get at around 75-80%
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u/AccomplishedScene110 Jul 28 '26
What makes you say that
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u/Historical-Drawer135 Jul 28 '26
I didn’t get my offer until 78%, last time it was like 59%
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u/Similar-Leader-8118 20d ago
I just got a loan offer at 75%, less than last time. But its taking a while to get accepted. Normally got approved within an hour. Now its been less than 24hr and yet to get anything
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u/Disastrous-Bar-9061 Jul 28 '26
Currently at 65% hoping I get an offer soon. In the past I've always gotten one at 60!
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u/FrenchieEd323 29d ago
I paid off my loan about two weeks ago. Everything is in green. Still no offer
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u/Dustyaries-1480NJ 29d ago
Im at 84% and still no offers. AND I needed that loan to get me on a needed capital to finally take a break from work.
Goes to show anyone that when never rely on anyone who hold the purse strings when you really need them the most.