Hi guys, Curious if anyone has had experience with square loans lately. This is my down season. My current 8k loan has been paid down to 90% in less than 4mths. I usually get an offer by now but am getting nervous it might not happen. Last year the November loan I was offered helped me get through the winter. I noticed my sales are down from last November, maybe that’s why? I know it’s random and they say it’s a computer system that reviews every 7-10 days. Just wondering if there is anything I can do to potentially help my situation or if someone has been in a similar circumstance and was still offered one?
They probably want you to clear the first loan first, never hurts to call and ask though.
They usually offer new loans with the balance incorporated in when you’ve paid your current loan down to around 70%. This is my 4th loan with them. I’ve paid off each loan in a matter of months of them giving it to me. I could try to get them on the phone though, they make it complicated to speak to someone.