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. When you take payments with Square, our algorithm may create loan offers based on your Square sales, payment frequency and mix of new and regular customers – among other criteria.

Customisable offers to match your vision

You know your business and your plans best. Choose an amount up to your max offer to get the right funding for your next big (or even small) idea.

Just run your business as usual and we’ll contact you when you’re eligible to apply. Typical loan offers are £10,000 with a fee of £1,325, or 18.45% APR.

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. Most businesses repay early (in 6-9 months) because repayment is made through daily sales.

Repay with your daily Square sales

The amount you repay changes day to day, because it’s based on a percentage (typically 17.25%) 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.


Loans-gb PD03712-testimonial-avatar-ruby

“We didn’t have to fill out lots of forms and send over lots of bank statements. We can pay it off quicker the busier we are, it might take a bit longer the slower we are. You watch the number keep going down and it doesn’t add any stress.”

“We have the freedom to create a space that feels like our own. We want the place to be what people want it to be when they need it.”

Watch the full video (1 min)

The Street Easy, London

Ruby The Street Easy London

None of the usual hurdles from other lenders


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


business loan interest rate – just one flat fee


in repayments when you don’t make sales


credit checks or financial documents required

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


funds extended*


businesses funded

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

Representative example

A typical loan offer



Loan fee


Total owed


Representative APR*


Repaid with daily sales


Maximum term

18 months

*APR means the fee expressed as an annual percentage over the maximum allowable payment period of 18 months. The loan may be repaid early based on daily card sales, so the equivalent rate may be higher. The representative APR is what we expect to offer 51% of approved sellers. Your actual APR may vary. You’ll never pay any interest or other fees, just the loan fee.

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 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 (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 – 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 an 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 penny more no matter how long it takes you to repay your balance.

  • 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 1/18th of the initial balance must be repaid every 60 days to help you stay on track.

  • Can I see an example loan offer with real numbers?

    For a typical loan offer of £10,000, the flat fee is £1,325. You’ll never pay any interest or additional fees – just £11,325, or a typical APR of 18.45%.

    You’ll repay your loan with 17.25% of your daily card sales – only on days you make sales. We just ask that you repay 1/18th of your loan (£629, in this example) every 60 days, and that you pay off the full amount within 18 months.

Payments, loans and more – all working together seamlessly