Square Loans

The next move is yours with a small business loan

Sign up for Square

Loan offers are invite-only for eligible Square sellers. Check your Dashboard

Just an example

Your current business picture matters most

Eligibility comes down to your unique business data. Take payments with Square, and our algorithm may create loan offers based on your Square sales, payment frequency, and new and regular customers, among other criteria.

Your personal financial history is never part of the equation.

Customisable offers to match your vision

You know your business and your plans best, so it’s up to you: Choose any amount from $100 up to your max offer to get the right funding for your next big (or even small) idea.

Just run your business as usual – we’ll contact you when you’re eligible to apply.

Designed to be paid back with confidence

Based on the info we see through your Square sales patterns, we may send you a loan offer — choose the amount you can comfortably pay back.

You’ll have 18 months to pay off your loan in full. We just ask that you meet your minimum every 60 days.

Repay as you trade with daily deductions

The amount you repay changes day to day, because it’s based on a percentage of your daily Square sales. Pay a little more on days sales are up – and less when it’s slow. And you’ll never make payments when you’re closed.

Helping small businesses succeed on their terms

Whether you’re starting a side hustle or building an empire, Square can help you take your business wherever you want it to go.

Tomorrow’s business is today’s plan

Ideas big and small all start somewhere. Meet a few business owners who are building toward their dreams with a loan from Square, and hear how they’re planning for tomorrow’s success.

None of the usual hurdles from other lenders


business loan interest rate – just one flat fee


credit checks or financial documents required


delays – get your money in days, not weeks, if approved


security required on loans under $75K

Made for ideas big and small. Use your loan for more inventory, new equipment, PPE for your staff or anything else to keep your business moving.


funds extended*


businesses funded

*Includes U.S. MCAs and business loans from May 2014 to March 2021.

Taking out a loan is a big decision and you may have questions

  • What are the benefits of business loans?

    Business loans are a great way to fund your next big (or small) idea. You can use a business loan to buy inventory, get new supplies, purchase equipment and merchandise, or even pay the bills – anything your business may need.

  • How does Square Loans compare to traditional bank loans?

    First, you must take payments through Square to be eligible.

    With Square Loans, the process of getting a small business loan is simple and fast from start to finish. Where banks require business plans, audited financial statements and pages and pages of paperwork to apply for a loan, Square is different. We assess your payments data and then, if you’re eligible, make a proactive loan offer based on your unique business activity.

    Just decide how much you want to borrow, review your details and accept the terms and conditions. We’ll let you know within a couple of business days if you’re approved (most applications are approved on the spot). The money is then automatically deposited into your linked bank account. You’ll have the money to spend as soon as the next business day.

  • Do I need to be a Square seller to qualify for a loan?

    Yes. When you take payments with Square, you get access to exciting tools to help grow your business. We assess the payments data for your business to determine if you’re eligible for a loan. When you become eligible, we’ll reach out with a loan offer.

  • How much can I borrow?

    It depends on the type, volume and frequency of payments you take with Square. When you qualify, we will make you an offer between $100 and $250,000. From there, choose to borrow as much or as little as you like up to your maximum offer amount.

  • How soon will I get my money?

    Once you’ve applied we’ll do some final checks before letting you know if you’re approved. This should take a couple of days at the most (most applications are approved on the spot). The money will be deposited in your account as soon as the next business day, if approved.

  • What are the interest rates, fees and charges for a loan?

    We don’t charge a loan interest rate when you take out a loan. You pay one, fixed fee over the life of the loan. Once you’ve applied for your loan, that fee is set in stone – you won’t pay a cent more no matter how long it takes you to repay your balance.

  • Do I have to put up security?

    If your loan amount is less than $75,000, you will have an unsecured small business loan. This means that you won’t need to put up your house, car or other personal assets as a guarantee that you’ll repay us. If your loan amount is over $75,000, the loan will be a secured small business loan. These are loans that require business assets to be put up as security.

  • How do I repay this loan?

    Instead of monthly repayments like typical bank loans, you’ll repay your loan balance with a fixed percentage of your sales each day. That means on slow days you repay less, and when your business is closed, you won’t make repayments at all. We just ask that a minimum of 1/18 of the initial balance must be repaid every 60 days to help you stay on track.

Payments, loans and more – all working together seamlessly

Square, the Square logo, Square Loans, and others are trademarks of Block, Inc. (U.S.).

All loans are issued by Square AU Pty Ltd. Valid Australian bank account is required. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. Eligibility criteria include consistent and continuous payment card processing through Square. All loans are subject to credit approval. Terms and conditions apply.