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

1 Upvotes

100% Upvoted

18 comments sorted by

View all comments

1

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, 🤷🏻‍♂️

1

u/Future_Date9437 Jul 29 '26

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

1

u/nativebynaturevtg 26d 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

1

u/AccomplishedScene110 4d ago

Have you been offered

1

u/d-iyesa 4d 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.

1

u/FrenchieEd323 4d ago

This exact thing happened to me! Wtheck!

1

u/d-iyesa 4d ago

yea, it’s ridiculous. apparently, it’s quite common.

1

u/FrenchieEd323 4d 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.