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Get Started With Square Loans

Square provides access to funds to help you grow your business. Because we know each individual business is unique, eligible Square sellers are extended offers for Square Loans that are personally tailored. You can use Square Loans to increase inventory, buy equipment or hire more employees, whatever you need to help your business grow and succeed.

Square Loans is a product made with the same simplicity of all Square products:

  • There is no lengthy application, just a few clicks on your Dashboard. 

  • Your funds are deposited in your bank account as soon as the next working day.

  • Repayment occurs as a fixed percentage of your daily card sales. 

  • You pay one loan fee to borrow the loan. This fee never changes.

Square Loans have an early repayment option, giving you even more repayment flexibility with no hidden fees. 

Get Started with Square Loans

To check if you are eligible for a Square Loans offer, go to the Loans tab of your Square Dashboard to see if you have an existing offer. If you have any questions about Square Loans, check out our Square Loans FAQs.

If you don’t see an offer, you aren’t currently eligible. But we are always reviewing accounts for eligibility. Remember – the more you use Square, the more likely you are to become eligible for a Square Loans offer. Eligibility is based on a variety of factors related to your business, including its payment processing volume, account history and payment frequency.

Select and Accept Your Offer

Click and drag the slider bar to select the amount that’s right for your business. As you slide across different loan amounts, the fee and hold rate will adjust accordingly. The lower the loan offer size you select, the lower the percentage of daily card sales used to repay your loan. Once you apply for an offer, all loan terms including fees, loan amount and repayment rate are fixed. 

Note: Numbers are for illustrative purposes only.

Loan Review Process

Once you have submitted your application, your request will be reviewed. We may request a few extra pieces of information from you during the review process. Check out this information from us to help you through the review process:

Information Requested by Square Loans FAQs

Have you been declined for a Square loan?

Repay Your Loan

Your loan repayment will happen automatically through a fixed percentage of daily card sales. Learn more about Square Loans Repayment

Additional Offers

Once you’ve completed payments on your first loan, you may become eligible for an additional loan offer. If you are eligible for an additional loan offer, you’ll follow the same steps to accept and pay back your loan. For additional information, check out our .Square Loan Eligibility FAQ

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