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Get Started with Square Loans

Square provides loans to help you grow your business. Because we know each individual business is unique, eligible Square sellers are extended loan offers 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 are made with simplicity, just like all Square products. There is no lengthy application, just a few clicks on your Dashboard. Upon approval, you’ll receive funds in your external linked bank account in 1-3 business days, or into your Square Checking account instantly. If your loan is deposited into your Square Checking account, you can access and spend your funds through your Square Debit Card.

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 penalty. All Square loans are issued by Square Financial Services, Inc., a Utah-Chartered Industrial Bank, Member FDIC.

Choose Your Loan 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 accept your offer, all fees are fixed. For a more in-depth look, see a full breakdown of banking fees.

Loans Dashboard - Offer

Note: Numbers are for illustrative purposes only.

Square Loan Review Process

Once you have submitted your application, your request is sent over to our team. 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 for Square Loans Application FAQ

Square Loan Decline FAQ

Repay your Loan

Repayment on your Square loan will happen automatically through a fixed percentage of daily card sales. We also have some additional options that may suit your business better. Learn more about repaying your loan in these articles:

Square Loan Repayment FAQ

Square Loan Fixed Payback Rate and Minimum Payment Requirement

Additional Offers

Once you’ve completed your first loan, you may become eligible for additional loan offers. If you are eligible for another loan, you’ll follow the same steps to accept and pay back your business loan.

Learn more about eligibility in ourSquare Loan Eligibility FAQ.