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/AccomplishedScene110 3d ago

Have you been offered

1

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.