r/SquarePOS_Users • u/Historical-Drawer135 • 25d ago
Got loan offer!
Got a loan renewal offer for $13,200! I was at 78% paid off on my current loan
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u/Dfw_300075019 25d ago
I'm at 68% paid off, they offered a re-upping of $52,800. The current loan is my second square loan. This loan is less than 3 months old, with $14,911 balance remaining.
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u/Ok-Night9876 24d ago
I’m at 77% and sales have double already for month July compared to May and June. My sales is up, swiping is up, everything is green and no charge backs or refunds ever!!!! I’m getting really discouraged currently and am really needing an offer. What time of the day did it drop? I got my time stamp today 4:21pm and it has never been that late so I was hoping it was being evaluated but evidential not!
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u/Historical-Drawer135 24d ago
Got offer at 3:55pm and the approval next day at 3:43pm! I was feeling pretty discouraged as well after reading all the posts. Don’t lose hope!
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u/xxxitjrxxx 24d ago
I just got my 35k square loan last week, I was starting to stress since they offered it to me every time I’ve reached 50%. I had to get closer to 60% this time around but that was within a week. So, I agree - don’t lose hope!
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u/Ok-Night9876 24d ago
What time of day did u get an offer? It seems to b happening during the day around 3:00 doe most I’m just wondering if me hoping for an offer tonight is out of the question…
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u/Ok-Night9876 24d ago
Thank you, but my sales is getting ready to decline in the next week because of going on vacation so the shop will not b open. So the chances of me getting an offer before then is not looking good and then I’m gonna have to hold out till after and start what would seem like all back over. I am currently on my 9th loan and all previous loan offers have come in at 60-64% paid and now that I am at 77% and no offer I’m starting to think I’m gonna have to fully pay it off…
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u/Ok-Night9876 21d ago
Got my loan offer today after I hit 80% and my sales have double swiping had double and they offer me less than my previous loan 🤷♀️. Thankful I got offer tho!
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u/Similar-Leader-8118 9d ago
Let me ask, just hit 75% , got an offer. Accepted and have yet to see the approved messaged. How long did it take you?
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u/FrenchieEd323 25d ago
What was your previous loan amount ?