Is it 7 “business” days after you make a extra payment before they reevaluate for a loan?

[JasonF84]

I was just wondering if it’s 7 business day after you make a payment that you get reevaluated for another loan? I’m at 79% now but I made an extra payment about 7 total days ago. I got a loan at 75% last time. Thank you for your time. 

[Candlestore]

@JasonF84 ;

I think you get evaluated for a new loan once a week, since Square takes payments from Credit Card sales I was paying Daily and would get evaluated once a week.  Well that is when I would get new loan offer amounts.  I did post on another thread about people wanting a Square loan before their current one is paid off, which would have you going through a Refinance loan through Square.  This is just the same process as when Square would give out a new loan but use part of it to pay your current loan.  To find out more about this you can follow this link:

https://squareup.com/us/en/townsquare/what-is-refinancing