Celebrating Local Business Growth With Square Capital
To start your own business, you need a combination of hard work, creativity, and guts. You probably also need some money.
We’ve extended nearly $50 million to more than 10,000 independent businesses through Square Capital, our financing program. With a new investment from Victory Park Capital, we’re now able to support even more sellers.
To celebrate the businesses that are growing with Square Capital, we’ll be sharing their success stories over the coming months. We’re starting with jux·ta·pose, a women’s fashion and accessories store in Tampa and one of the first recipients of Square Capital.
jux·ta·pose is the brainchild of sisters Lindsay and Kallie Wesley. They were killing it at their Hyde Park Village location and started to set sights on opening a second store.
They applied for a small business loan and were denied. Among other reasons, the bank told them that they didn’t have enough credit history to qualify (both sisters are in their mid-20s).
Square saw a different story. With a deeper understanding of jux·ta·pose’s sales history and growth numbers, we recognized their potential and extended them capital. “Square believed in us when no one else did,” says Kallie Wesley.
Come this fall, we’re pleased to report that jux·ta·pose will be opening a second store in St. Petersburg, Florida—thanks in part to the capital they received from Square. They used the money to build out the new location, hire a store manager, and add more merchandise.
Now, they’re focusing on what what they consider to be the ethos of their business—offering merchandise from local designers. “These types of pieces are a bit more expensive but we always want to support local, local, local,” says Kallie Wesley.
So congrats to jux-tapose. If you ever find yourself in Tampa, be sure to pop in. Their stuff is beautiful.