System updates

We’re experiencing issues that may affect your Square services. We’ll continue to update our status page with more information.

Home>Managing your loan through Square Capital

Square Capital Loan Repayment

Repayment of your loan through Square Capital is easy and convenient. We automatically apply a portion of your business’s daily Square sales for the purpose of loan repayment. You may also repay your loan through other acceptable methods including: online via your Square Dashboard, by mail using a check or a USPS money order or via debit card over the phone.

Repayment Breakdown

If eligible, your business will receive a custom loan offer through Square Capital based primarily on activity with Square. The offer will disclose the fixed percentage of daily card sales your business processes through Square that will be applied to repay the loan until the balance is repaid in full. For example, for a $10,000 loan, the breakdown might be as follows:

  • Amount deposited in your bank account: $10,000

  • Total Borrowing Cost: $1,400

  • Total loan repayment due: $11,400

  • Percentage of daily card sales that go towards loan repayment: 14%

  • Minimum amount due every 60 days for 18 months: $633.33

Your entire loan balance must be repaid in full within 18 months of loan approval. If the loan hasn’t been repaid in full at the end of 18 months, the remaining loan balance will be due in full.

Note: If you just make the minimum payment of 1/18th of your initial loan balance every 60 days, you will only pay down half of the loan balance in 18 months. You will owe the remaining balance upon the maturity date of your loan and may be debited for that amount.

Take a look at Square Capital Fixed Payback Rate and Minimum Payment Requirement for more information.

Square Capital - Repayment Dashboard with Minimum Payment - Dash - US

Numbers are for illustrative purposes only.

Repayment Options

If you wish to make a full or partial payment towards your loan through Square Capital, you may do so at any time through your Square Dashboard. The total cost of your loan does not change by making prepayments. For step-by-step instructions, visit Paying Back Your Loan Through Square Capital Early.

If you’re unable to make an online payment, other acceptable forms of payment are:

  • Personal checks

  • Cashier’s checks

  • Money orders from a local USPS branch

  • Debit card over the phone

If you choose payment by check or money order, please make all payments payable to Square Financial Services and mailed to the following address:

JP Morgan - Lockbox Processing
Attn: Square Financial Services - 22402
4 Chase Metrotech Center
7th Floor East
Brooklyn, NY 11245

Also, please be sure to include the email address associated with your Square account in the memo line of your check.

Note: At this time, we do not accept payment by credit card or Money Orders that are not issued by USPS.

For additional questions about repayment, please visit our Repayment FAQs. Additionally, take a look at Square Capital Fixed Payback Rate and Minimum Payment Requirement for more information about your loan through Square Capital.

Learn more about: Capital

Can't find what you need?