Has anyone received a square loans offer recently?

[Lashexperts]

I'm curious to know of anyone has received a recent offer from Square Loans. I've used Square over 5 years and completed 6 loans now with no new offer. I know the generic answer of they review your account and will let you know, but just trying to gauge my chances. Thanks

[locksmithnick]

How did you go from 66% to 84% in a day? That would be exponential growth, or just a few huge transactions. 

[Gam1]

@fatbodie2 A day after I hit 80% I was offered. I checked my dashboard that night and the offer was there. It got approved this morning and deposit is pending. The process was quick and painless. Can’t beat that with any other lender out there. 

[Gam1]

@fatbodie2 Wow! That is a big jump from 66 to 84?

[speakmountain]

This is my 2nd loan with square. My first one was half of what this one was & I had only been with square about 6 months or so when I received the first. Then the 2nd offer came through when I was at 71% paid on the first loan. I'm at 70% paid on my 2nd right now. So I'm hoping & praying I'll get an offer soon. My business has slowed down a lot since I got the 2nd loan so I'm not sure if that will impact it or not. My annual sales are up, but my quarterly sales down, because it's my slow quarter. Since I'm new at this I'm not sure if that means my offer will be lower or not. Does anyone know if the offer amounts are based on the quarterly income or the annual income?

[Gam1]

@speakmountain It might be based on quarterly because my annual sales are up but my offer is [Personal Information Redacted] less than the one prior. But this is just am guesstimate. 

[locksmithnick]

Also updating, I hit 75% yesterday and got a new offer. This will be my 12th plan. That said, it seems the approval process is taking longer than normal, as in the past I've been approved the same day. This one is still pending roughly 30 hours later. 

[mydpins]

New to the boards so I hope I am doing this right, I have been using Square Loans since 2016 and have 2 locations. 1 Location has loan that han been paid since November while my bigger/busier location is at 81% paid off and neither have had an offer on them...

[Gam1]

@mydpins 

Did you eventually get an offer?  

[Mistylh4]

I’m at 72% I’m really hoping I get another offer soon I’m in need for my business I have had onenifgwrwd before at 70 so my fingers are crossed 

[Gam1]

@Mistylh4 did you get an offer?

[Gam1]

Did you get another offer recently? You are my idol having 12 offers.  I doubt i'll ever get there but it's nice to know when they are still offering to previous borrowers.

[locksmithnick]

I did, actually! I got my 13th Square Cap in August. I believe I was right around 70-75% paid. 

[Gam1]

Nice, nice!  I'm at 73% right now, hopefully it's just around the corner.  It sure helps having cushion and not go through lengthy paperwork. Thanks for the update!

[Rasco]

I am at 79% paid on my 5th loan. I am looking at a great opportunity that required capital, so I'm hoping the offer me a new loan soon! 

[Gam1]

@Rasco Same here with 79%. Keep us updated when you get an offer, hoping for renewal too. 

[Gam1]

@Rasco Did you get offer?  I reached out to loans team but it feels like the more we reach out, the more we’re not getting any offers. It’s really frustrating. 

[Tritter82]

Have faith, they are still giving loans. I just received my 10th or 11th offer this past week. My past offers have varied, when they were offered, from 60% paid to completely paid. 

Be sure to check your dashboard daily for offers as I did not receive an email. 

[Gam1]

@Tritter82  Thank you for giving me hope. I appreciate your positivity. 

[Mdevine52]

I just received one today . I was at 75 percent 

[Gam1]

@Mdevine52  This is great news, congratulations!  

[table6pdx]

Curiously, no. and I found your question searching for an offer. Wonder whats up.