Square Loans

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3.70
Based on 20 Reviews

5

60.00%

4

0.00%

3

10.00%

2

10.00%

1

20.00%
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jonathan oxendine
GB

The loan I received was fast The loan I received was fast, efficient, and helped boost the cash flow of my business. I was able to purchase new equipment; which lead to quicker completion of projects. I thank thumbtack tremendously for considering, and offering my loan to help me generate more profit for my business! God bless!

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Shelly Abbott
GB

payback exorbitant I’m happy to have the option of using a Square loans when I need them but I just wanted to put this feed back out there - today I made $400 total (250 & 150 payments) in Square sales and they took out their portion and my take home was 309!!! The payback ratio is way too high!! Ugh!! I can not wait to have this loan paid off. They are like loan sharks. Easy money… terrible payback terms. You find yourself further in the hole.

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Paul Klein
GB

Not New Business Friendly Services are OK, equipment works well. But as far as being a new business, if you are looking into a loan for product or equipment, forget about it. They say your eligibility is based off of customer mix, card processing volume and such, but mine has been above their average, yet no loan offers. Either go out of pocket or do it through a bank, Square doesn't like doing loans apparently. Your reply is obviously automated and does not actually address the issue.

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Joshua guerrero
GB

Having been renewing every year this… Having been renewing every year this year we have been paid off over 25k on a loan with no offer in sight. Extremely frustrating when all my markets are all green and readying in good standings. No help from customer service all they tell me is it’ll get here when it gets here. What a horrible answer for a business needing funds to cover our slow summer.

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StacyR
GB

When ? The entire system is pretty user friendly and having the option of a loan is phenomenal and so helpful. The lack of being able to ask for a offer or know when you may receive one is so frustrating. I’ve received multiple offers in the last 4 years more so recently due to major increase in sales which in turn has doubled my offer amounts BUT at random times. I’m currently waiting and feel lost as to when to expect it.

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