Square Capital



Nationwide Multistate Licensing System #1473167. For NMLS Consumer Access, click here.

State License
Alabama View License (Consumer Credit)
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Square Capital, LLC is licensed to do business at 1455 Market Street, Suite 600, San Francisco, CA 94103.


Before signing any loan documents or otherwise committing to a loan, you may take copies of those documents away from the consumer lender’s place of business for review.

Square Installments Loan Fee

Square Capital charges interest based on the loan amount and duration. Prospective borrowers have the option of selecting a loan term of 3, 6, or 12 months. Interest is calculated based on a fixed monthly rate (the advertised annual rate divided by 12) and is assessed daily against the loan’s outstanding principal balance.

Fee Examples

Amount Financed Payment Schedule Expected Interest (Finance Charge) Repayment Amount APR
$1,000.00 3 month term: 2 monthly payments of $339.00 and 1 payment of $338.68 $16.68 $1,016.68 9.99%
$1,000.00 6 month term: 5 monthly payments of $172.00 and 1 payment of $169.25 $29.25 $1,029.25 9.99%
$1,000.00 12 month term: 11 monthly payments of $88.00 and 1 payment of $86.83 $54.83 $1,054.83 9.99%

The expected interest and repayment amounts assume the borrower will make all payments in full on the scheduled installment due dates. Late payments or payments of less than the full amount due may result in higher interest charges and repayment amounts.

All loans are issued by Square Capital, LLC, a wholly owned subsidiary of Square, Inc., d/b/a Square Capital of California, LLC in FL, GA, MT, and NY. Loans are available to AL, AZ, CA, CO, CT, FL, GA, IL, KY, LA, MA, MI, NC, NJ, NY, OH, OR, PA, TN, TX, UT, VA and WA residents only. Borrower must be a U.S. citizen or permanent resident and at least 18 years old. Valid U.S. bank account and Social Security Number are required. Loans are available in 3, 6, or 12 month installment options with minimum payments due each month. Annual percentage rate (APR) is charged at 9.99%. The finance charge amount and installment payment amounts will depend on the repayment term selected. All loans are subject to approval based on credit and other factors.