Square Loans Arvostelua 

1 359
TrustScore 3.5/5 tähteä

3,3

Emme tarkista arvosteluissa esitettyjen väitteiden paikkansapitävyyttä, sillä arvostelut ovat arvostelijoiden omia mielipiteitä. Arvostelu voi kuitenkin saada Varmennettu-merkinnän, jos pystymme todentamaan, että arvostelun kirjoittaja on asioinut yrityksen kanssa. Lue lisää

Alustan luotettavuuden varmistamiseksi kaikkien arvostelujen – varmennettujen ja varmentamattomien – on läpäistävä automaattinen seulonta, joka on käynnissä kellon ympäri. Järjestelmä tunnistaa ja poistaa ohjeistustemme vastaisen sisällön – myös arvostelut, jotka eivät perustu aitoon asiointiin. Tiedostamme, että asiattomia arvosteluja saattaa tästä huolimatta päästä läpi. Voit tehdä meille ilmoituksen mistä tahansa arvostelusta, jonka uskot jääneen meiltä huomaamatta. Lue lisää

Katso, mitä arvostelun kirjoittajat sanovat

Saanut 5/5 tähteä

Very handy if you need a quick hassle free loan, if expensive as fees are generally high for the Square service in general

Saanut 2/5 tähteä

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 custome... Näytä lisää

Yritys on vastannut

Saanut 5/5 tähteä

Square Loans was a timely alternative that boosted our working capital at a time a boost was needed. Applying is seamless, yet thoroughly structured, leaving no question to how it works. The dashboard... Näytä lisää

Saanut 3/5 tähteä

Very disappointed in Square after several years of loans with no issues. Left me in limbo for two weeks telling me they had everything they needed only to be denied because I hadn't given them the in... Näytä lisää

Yritys on vastannut

Yrityksen tiedot

  1. Rahoituslaitos

Tietoja yrityksestä Square Loans

Yrityksen kirjoittama


Yhteystiedot

3,3

Keskitasoinen

TrustScore 3.5/5 tähteä

1 t. arvostelua

5 tähteä
4 tähteä
3 tähteä
2 tähteä
1 tähti

Ei viimeaikaisia arvostelupyyntöjä

Tämä yritys ei ole pyytänyt asiakkailtaan arvosteluja viime aikoina, joten arvostelut eivät välttämättä anna kattavaa kokonaiskuvaa

Trustpilotissa on kyse ihmisistä. Tämä yritys voi käyttää lisäksi tekoälyavusteista työkaluamme, joka auttaa vastausten laatimisessa.

Kuinka tämä yritys käyttää Trustpilotia

Tutustu arvostelujen ja arvosanojen lähteisiin, pisteytykseen ja moderointiin.

3,3

Kaikki arvostelut

(1 359)

3 arvostelua kuluneen 12 kuukauden aikana

Kirjoita arvostelu
Yritykset eivät saa tarjota kannustimia tai maksaa arvostelujen piilottamisesta Trustpilotissa. Arvostelut ovat yksittäisten käyttäjien mielipiteitä, eivät Trustpilotin. Lue lisää

Saanut 5/5 tähteä

What I love Most about the Square…

What I love Most about the Square Loans? They are Easy, require simple, honest ways for re-paying. And Every Loan I get, they continue to grow my small business in many ways, always. I encourage all small business owners that use Square to take advantage of their loan offers & loan products. I know I always will because as my business continues to grow so will my loan needs. They're the only one I deal with. This is a great company with great products, great customer service & I couldn't have done so many of the things I needed to do without their help.

1. elokuuta 2023
Oma-aloitteinen arvostelu
Saanut 5/5 tähteä

Square loans are very reliable and easy…

Square loans are very reliable and easy to pay back only 17% or something like that of your daily sales so you don’t even feel stressed paying it back and it’s been very helpful to my business when you need cash starting in your business I’m very grateful for Square and I already have three loans so don’t hesitate to take the money if you need it square loan is a great opportunity to grow your business

18. tammikuuta 2024
Oma-aloitteinen arvostelu
Saanut 5/5 tähteä

This loan was life saving

This loan was life saving, and catapulted me towards expansion. I increased sales by almost 300 percent once I had a little extra support from Square. The repayment process is easy, and I'm building confidence that my side business can take up more space in my life.

18. tammikuuta 2024
Oma-aloitteinen arvostelu
Saanut 1/5 tähteä

I HIGHLY advise against it

Basically a joke. Square bases their loan offers on processing volume but basically on a month to month basis. Had a killer December? Here’s a $15k offer. Slow January? Sorry you aren’t processing enough with Square.

Does that sound like a company you want to take a loan from? Just don’t do it. Business is up and down and you can’t be dealing with a company that doesn’t understand that or believe in your overall business. Not to mention, If you actually calculate the finance charge, it’s much higher than traditional financing (if you have decent credit) and you’ll be dealing with a very flippant lender.

I’m glad I never accepted a loan offer when I had the opportunity because I just had a bad feeling about it and as I said, the finance charge seemed steep.
I also theorized that if you get behind on payments, there’s nothing stopping them from freezing your POS and locking you out. Alternatively, they could tack on extra fees and force you to pay them through your future payouts. Remember, the more you process, the more they take until your paid up.

All I’m saying is be careful. There’s so much that COULD go wrong.

16. tammikuuta 2024
Oma-aloitteinen arvostelu
Square Loans-logo

Vastaus yritykseltä Square Loans

Thanks for your feedback. Offer eligibility is largely based on current payment processing data, which means eligibility can change as frequently as your business does. Due to the dynamic nature of businesses, we can't guarantee eligibility. Please know that your account is evaluated on a regular basis based on various factors. But keep in mind, if your business meets some criteria, your business may still be ineligible if it doesn't fulfill other eligibility requirements.

Additionally, Square loans don't have ongoing interest charges. Payments are set as a fixed percentage of your business’s card sales, but the percentage of sales is not an interest rate. The amount you pay each day is tied directly to your card processing – you’ll pay more when business is strong, and less if things slow down. Also, the total cost of the loan is simply the loan fee, which is the difference between the total owed amount and the initial loan amount you apply for on your Square Dashboard. The total cost of the loan never changes.

Saanut 1/5 tähteä

Square is a joke

Square is a joke. They took my account out of good standing because some
Of my days of transactions on my food truck was too low for them last month. However I still made over $10,000 for month. This is crazy.

8. tammikuuta 2024
Oma-aloitteinen arvostelu
Square Loans-logo

Vastaus yritykseltä Square Loans

Thanks for your feedback. It sounds like you're referring to the eligibility page in your Square Dashboard. This tool can help you gain more insight into the status of your Square Loans eligibility. We take your business’s data and compare it to key factors that determine eligibility, such as processing volume, payment frequency, and account activity. If any of your eligibility factors need work, you can look at the tips we provide to strengthen your chances of becoming eligible. We also have an FAQ on that page that may be helpful. Please note that there are many factors that may affect your eligibility, and accounts are evaluated as a whole. Do not rely on the information we provide in the Square Loan eligibility page to predict a loan offer. We cannot promise a loan offer

Saanut 1/5 tähteä

I had like 7-8 square loans already and…

I had like 7-8 square loans already and I paid my last loan in advance like a big payment of 4k. This is the fire time I haven’t received a new square loan after I paid it off. My business makes around 15k-20k a month so I’m getting a my volume of sales per month. So I don’t know what else I can do to get another square loan.

31. joulukuuta 2023
Oma-aloitteinen arvostelu
Square Loans-logo

Vastaus yritykseltä Square Loans

Because businesses are dynamic, we’re unable to guarantee Square Loan offers. Your account is continually evaluated for offer eligibility based on many different factors. If your business satisfies one or more of the criteria, your business may still be ineligible if it does not fulfill other eligibility requirements. Some factors to watch out for that might affect eligibility are chargebacks, unusual processing behavior, and failed debits. If your business becomes eligible again, we'll notify you directly through email and your Square Dashboard.

Saanut 1/5 tähteä

My business has had 3 loans so far

My business has had 3 loans so far. I'm always months ahead of the minimum. Every loan offer I have ever received was accepted. But I got a new offer right before Christmas. I accepted. Right after the holidays I received an email. Saying I was denied for inconsistent processing. I only closed for Christmas day. This is why I was denied a loan when I'm 80% payed on my current loan. My business really needed the fund to get thru the slow days around Christmas. Probably leaving square in the next week. I'm paying close to $2,000 a month on the loans. Even at 18%. Seems like a terrible reason to deny me for closing on a holiday.

Your reply is obviously automated and does not actually address the issue. Square never reached out to me.

25. joulukuuta 2023
Oma-aloitteinen arvostelu
Square Loans-logo

Vastaus yritykseltä Square Loans

Thank you for your feedback. Please know that we routinely review eligibility of our sellers. If your business becomes eligible again, you'll see loan offers in your Square Dashboard. However, we understand that you may need to seek financing outside of Square Banking for immediate needs. If you're considering other options for a business loan, we recommend reviewing our post, "4 Things to Consider When Evaluating a Loan Offer" in our Town Square Blog: https://squareup.com/us/en/the-bottom-line/managing-your-finances/what-to-consider-when-evaluating-a-loan-offer

Saanut 5/5 tähteä

Helping the African American business evolution

I am a African American business owner. A lot of times its hard to find help to maintaining when you didn't have a lot to start. After signing up with Square, a lot of things changed. Where as most financial institutions want years of being in business a tool to base loans on , Square saved a business like mine. I'm in the transportation industry and not being Uber or Lift, a corporate car service is an extremely important factor. The ups and downs in this industry could make or break you. The highs and lows served as a calling point for Square to keep business like mine and others a float. Square made loans empower my services and kept me going. They make payments easy and sufficient. I've received 2 loans to date and paid them back within more than enough time. Square made it simple and unique for small business. I have referred and will continue to refer them to each and everyone starting a business. I look forward to working with Square on other services, such as banking , checking and savings and choosing services that elevate my business. Thank you Square for being there!

19. joulukuuta 2022
Oma-aloitteinen arvostelu
Saanut 1/5 tähteä

I am extremely disappointed in my…

I am extremely disappointed in my service from square. I was told before starting processing with square and moving from my previous provider that square loans would be available as long as the minimum 10,000 pounds was taken in 12 months. My business takes alot more than this and i have now been told that " at this time, your business is not eligible for a loan offer. We are unable to extend an offer because your business is not eligible for the minimum loan amount that we can provide to your business entity type" i am absolutely disgusted with this as it was never mentioned at the off set. Take your business else where everyone

14. joulukuuta 2023
Oma-aloitteinen arvostelu
Square Loans-logo

Vastaus yritykseltä Square Loans

We appreciate your feedback and are sorry to hear about your experience. Please know that we're constantly working to improve our services based on the feedback we receive from customers. A member of our team will be reaching out to you shortly.

Saanut 5/5 tähteä

A great loan opportunity

Very easy application process. The terms are understandable. So convenient being able to pay through your sales. I have used Square loans twice to upgrade various things for my business. It's definitely an amazing benefit.

1. tammikuuta 2023
Oma-aloitteinen arvostelu
Saanut 5/5 tähteä

Loan opportunity after medical school

It has been a challenge for me to qualify for other types of business loans since I have a significant amount of student debt (medical school plus additional graduate training). Receiving this loan from Square has allowed me to continue my private medical practice and to grow my business. This loan opportunity through Square has helped me to reach my business goals much faster than I expected. Thank you!

11. joulukuuta 2023
Oma-aloitteinen arvostelu
Saanut 5/5 tähteä

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!

10. joulukuuta 2023
Oma-aloitteinen arvostelu
Saanut 5/5 tähteä

This was my 2nd Square business loan…

This was my 2nd Square business loan and it has helped me improve the quality of my business as well as helping me improve my skills with expensive CEs. I love the fact that I don't have to worry about payment due dates and they take out a fair amount without breaking me. Everything has always went smoothly with Square and I definitely recommend them!

11. joulukuuta 2023
Oma-aloitteinen arvostelu
Saanut 5/5 tähteä

Quick and easy!

My whole experience with square Loans was quick easy and convenient. They offered a loan I could afford and the fact repayment is done automatically is what is most convenient. No worries about payment dates. This also makes repaying the loan fast!

11. joulukuuta 2023
Oma-aloitteinen arvostelu
Saanut 5/5 tähteä

My experience has been great

My experience has been great, because Square loans has helped me to better my business and I couldn't be more thankful for this company! They are great and I would recommend them to anyone!

11. joulukuuta 2023
Oma-aloitteinen arvostelu

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