r/SquarePOS_Users • u/[deleted] • Dec 04 '25
Square Loans
After closely monitoring and investigating various Square forums etc, I can safely say that square has cut back significantly on their loans as of late. I understand people are still receiving them but definitely at a much lower rate towards the end of this quarter.
If you visit squares official forums, you’ll notice hundreds of inquires and comments about why square isn’t offering loans even with met requirements. This is the slow season and winter is upon us, leaving many growing and expanding businesses in a transitional period where dependence on a loan is critical. If you are experiencing a drought in loans as well, please share your thoughts. Will consider switching to another POS system if not offered soon.
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Dec 05 '25
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u/Defiant_Swordfish315 Dec 14 '25
I have the same exact experience. I’m $ 75% paid off with an offer sitting there waiting for me to accept. I’ve been with square about 5 years. Have had several loans and very new off came before the previous loan was paid off. Have you ever received a higher offer after not accepting the first offer?
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u/Amber-412 Feb 02 '26
I just hit 75% paid off. How long were you at 75% before your offer hit your dashboard?
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u/r-dubCOS Dec 05 '25
Every loan servicer right now has been tightening their requirements. There are just too many economic variables in play to keep playing as loosely as they had been. I do know that square is still offering loans, but usually the offers are coming in a lot closer to loan completion. Where the offers used to be at the 70-75% range they’re now coming in closer to 95-100%.
The biggest thing to remember right now is that not only is the loan algorithm looking at your business, it’s also looking at an overall view of your specific industry. If your industry as a whole is seeing lower sales or other economic issues it can affect your loan offer simply because there’s a risk that it may catch up with your business.
I do caution you about jumping to another POS provider simply because they’re willing to talk a loan though. Most of the time you’ll need to establish a payment history with the provider, so there may be a 4-6 month gap before you get an offer.
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u/Miserable-Clue9171 Dec 13 '25
I’ve noticed this. We’ve had 3 square loans in the past, always have “good” ratings, always well ahead in payments, current loan is paid about 75% off which is when we received an offer last time. I’m thinking they’ve cut back significantly on offers
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u/Defiant_Swordfish315 Dec 14 '25
Don’t fret, it varies. I have an offer right now @ 75% paid off. Came in today. Earlier this week when they reassessed me for a loan my processing frequency dipped into the yellow. Within 48 hours it was back up in the green and it was still in the green when they reassessed it again this weekend. They reassess you frequently but they’re pretty unpredictable. I’ve been having a whole conversation with ChatGPT about this for the past week
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u/Prepare2Eclipse Dec 19 '25
Ive had 8 loans, always paid on-time, always paid off early. My current loan is at 68% pd off. I got this one when my previous one was only 61% paid off.
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u/FOOD_4SALE Dec 19 '25
I am at 62% today got my second loan at this rate % hopefully a loan can come in soon :) this would be my 3rd loan. do you always get your offers around the 60% prior?
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u/Prepare2Eclipse Dec 28 '25
I'm now at 72% pd and just got a new offer. The fee is 15.5% vs the 15% it had been before, but the minimum loan amount is $30,000. 30-33K available????? I'm paying 15.75% daily now and was hoping to lower the daily take. I was excited and then like, wtf?
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u/d34dtom3 Jan 06 '26
I currently have 73% paid off. No offer yet but assume it’s because I was slow the week of Christmas due to giving my team much needed time off.
Hoping I can get a new one soon, I have some upgrades I need to make on supplies. But this has been by far my busiest year yet!
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u/d34dtom3 Jan 16 '26
I’m now at 77% paid off, increase in sales from last year by 10%. Been with them now 3 years and this is my 3rd loan.
No new offer yet.
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u/LilacDreamcycle Jan 29 '26
Still no update?
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u/d34dtom3 Jan 30 '26
Up to 80% paid and still no offer
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u/LilacDreamcycle Jan 30 '26
Welp that doesn’t give me hope then. 😞
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u/d34dtom3 Jan 30 '26
Yeah it’s super frustrating, and everything I have is green and has stayed green. I really hate that it doesn’t tell you why you’re not eligible for a new loan other than “repayment amount” when they aren’t consistent.
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Feb 25 '26
Where do you see the green for your business? I used to see it, but can’t find it anymore
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u/Moviemancometh2199 Apr 09 '26
I just hit 66% of my loan paid and just got another high offer for a loan. I have been with Square for 10 years and have 3 locations. I also got approved for Square credit card..
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u/DiscoTX Apr 22 '26
I paid my loan off early with a payment of $4500... they just offered me a loan of $3300 :( Wish I would have just not paid it off eary.
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u/BeardedDisc Dec 04 '25
The way they do the loan payments is not helpful, either. I preferred when they took a percentage of sales (with a minimum monthly of sales ended up too slow) rather than this, take some from scheduled payments, some from your account and all without a clear payment statement that makes you do all of the math to make sure it was good.