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Square Funding Quick, easy access to funding by running your business with Square
Fund what is possible
Easier access to money
Get quick and easy access to funding just by running your business with Square. Square Cash Advance or Square Loans offers are for eligible Square sellers. It only takes a few minutes to apply. You’ll be notified in your Dashboard and via email once you’re eligible for an offer.
Business performance matters
Offer eligibility comes down to your unique business data, not your credit history. Take payments with Square, and you may be offered funding based on your Square sales and payment frequency, among other criteria.
Customisable offers
You know your business and your plans best, so it’s up to you. Choose the amount (up to your max offer) you can comfortably afford.
Deductions that flex
Less will be deducted on slow days, more when it’s busy – and nothing on days you’re closed. Funding balances are typically met in a year or less.
Fast deposit
Once approved, money will be deposited in your account in days, not weeks.
"Being able to unlock funding is essential."
Jayke, Co-Founder, JMH Group
Square Loans
Square Cash Advance
Available for:
Corporations
Sole Traders or Partnerships
Amount Range
Up to £200,000 but depending on your eligibility
Up to £200,000 but depending on your eligibility
Cost
One fixed fee
Application
Quick online process via Square Dashboard
Quick online process via Square Dashboard
Refinancing available
Yes
No
Payments, POS, Funding all working together in one customisable system
FAQ
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 – choose to borrow as much or as little as you like up to your maximum offer amount.
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 funding offer.
How does Square funding options compare to traditional bank loans?
With Square, the process of getting a small business loan or a cash advance 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 funding, Square is different. We assess your payments data and then, if you’re eligible, make a proactive offer based on your unique business activity.
Just decide how much you want to borrow up to the offer amount, review your details and accept the terms and conditions. We’ll let you know within a couple of business days if you’re approved. 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.
Square Loans is not regulated by the Financial Conduct Authority (FCA). All loans are issued by Squareup Europe Ltd., registered in England and Wales (no. 08957689). Eligibility is limited to Square customers operating under a company or corporation business structure. 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. Offer eligibility is not guaranteed. All loan applications are subject to approval. Terms and conditions apply.
Square Cash Advance is not regulated by the Financial Conduct Authority (FCA). All merchant cash advances are issued by Squareup Europe Ltd, registered in England and Wales (no 08957689). You must be a Squareup Europe Ltd customer with a sole trader or partnership business structure. Offer eligibility is not guaranteed. If approved, Square will purchase your future card sales at a discount. All merchant cash advances are subject to approval. Terms and conditions apply.