Additional Information Requested by Square Capital

Square Capital uses your business name and taxpayer information to verify your business and process your loan request.

We are also required by law to collect additional identifying information regarding the control and ownership of businesses that apply for loans through Square Capital.

If we are unable to verify your personal/business information or if we require additional information about your business, we will reach out and request additional information through your Square Dashboard.

Capital
Numbers are for illustrative purposes only.

How to Upload Documents

You can upload the requested documents on your Square Dashboard. If you are having trouble uploading the documents through your Dashboard, please refer to our Browser Troubleshooting article.

You may also choose to submit your documents via fax.

To submit via fax:

  1. Log in to your Square Dashboard.
  2. Click on the Verification button at the top of the page.
  3. Complete any required text fields.
  4. Click on Send via Fax and print out the cover letter.

If you are unable to access the cover letter, please fax your documents to +1-877-805-2214. Please include a cover page with “Attention: Square Capital Team” as well as the email address associated with your Square account.

Acceptable Documentation

Personal Information

If we are unable verify your personal information, acceptable documents include:

A copy of a government-issued ID (i.e. driver’s license, passport, etc.)

In addition to one of the documents below:

Social Security card
Full copy of your most recent personal tax returns
Individual Taxpayer Identification Number (ITIN) card

Additional Ownership Information

In addition to verifying your personal information, we will need to verify any beneficial owners or business managers who are a part of your business. If we are unable to verify any of the listed beneficial owner(s) or business manager(s), acceptable documents include one document from the following list depending on the ID verification type. For more information about beneficial owners, take a look at our Square Capital FAQ.

Social Security card
Full copy of their most recent personal tax returns
Passport copy
Individual Taxpayer Identification Number (ITIN) card

Business Information

If we are unable to verify your business information, acceptable documents include one document from the following:

Your government issued SS-4 (EIN Confirmation Letter) A full copy of your most recent business tax returns confirming your business name and EIN

For information on how to obtain your SS-4, take a look at Tips For Verifying Your Business Information.

Note: If you are a sole proprietor, you may use your name and Social Security Number in place of your business name and EIN. Find out your business entity type by taking a look at your tax returns.

Business Registration

If we are requesting additional information about your business registration, you may submit one of the following:

Articles of Incorporation LLC Filing DBA Filing
Tax Return Secretary of State Business Registration A copy of your government-issued ID and your Social Security Card

You may only submit a copy of your government-issued ID and your Social Security Card if you do not have a registered business.

Transactions

If we are requesting additional information about a transaction, you may submit one of the following:

Invoice Purchase Order Detailed Receipt
Bill of Sale Signed Credit Card Authorization Form Email Correspondence with the Buyer

If you do not have any of the above, please provide a detailed description of the goods and/or services sold.

UCC Lien

A UCC Lien is a notice that a lender has a security interest in one or more of your assets. If you are asked to provide additional information about a UCC lien, a Square Capital agent will provide: the date, filing number, and the name of the secured party.

If we are requesting additional information about a UCC Lien, you may submit one of the following by reaching out to the secured party to provide:

Payment statements indicating the current status of the loan A letter from the lienholder that the loan has been satisfied

For more information, view our Additional Information Requested by Square Capital FAQs.

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