Square Capital

Get money for your business. Pay it back with your sales.

You could qualify for a loan when you switch your payment processing to Square.

Business loans for new Square sellers

PD01516 - capital trustpilot

Loans and payments—all in one place

Get a business loan and automatically pay it back in the same place. Because you repay with your daily sales, you can just do business as usual and go about your day.

Loans from $2,000–$250,000

Big or small, money helps move your business forward. If you’re approved, see the funds in your account as soon as the next business day.

One loan fee

You pay one loan fee to borrow the loan. This fee never changes and is paid back over the life of the loan. No late fees, ongoing interest, or surprises.

Automatic repayment

Your loan is automatically repaid using a little bit of your daily Square sales to work with your cash flow. It all happens automatically, so you don’t have to think about making a payment.

New Square sellers can access business loans

Square believes business owners deserve more credit


Funds extended*


Merchants served


Say business grew**

*Includes MCAs and loans from May 2014 to December 2019.
**Based on an April 2019 survey of 5,655 respondents who have accepted a loan through Square Capital.

We make the switch simple

Our team of experts can help you set up your hardware and software, connect existing apps and services, train your staff, plus answer any questions about loans through Square Capital.


  • What does it take to become eligible for this loan?

    Loan eligibility is based on a variety of factors related to your business. You need to have been in business for at least one year, make $250,000 or more in sales per location, and have minimal chargebacks. We’ll also look at three months of your most recent bank statements to see how much money your business is eligible for. Once you apply for the loan and process payments on Square for five days, get the money as soon as the next business day if you’re approved. All loans subject to credit approval; eligibility is not guaranteed.

  • Do I need to take payments with Square to access a loan?

    Yes. Your business must process payments on Square for five days before submitting your formal application. If approved, you’ll get the funds as soon as the next business day.

  • What can I use the funds for?

    You can use the loan for any business-related expense. That could be stocking up on inventory, managing your cash flow, opening a new location, or hiring staff—anything you’d like to do for your business.

  • What are the fees?

    You pay one fee to borrow the loan (we call it the loan fee). This fee never changes and is paid back over the life of the loan. No late fees, ongoing interest, or surprises.

  • Does applying for a loan affect my credit score?

    No, applying for a loan through Square Capital doesn’t affect your credit score. Additionally, we don’t require a personal guarantee for your business to take a loan.

  • When will I hear back about my loan application?

    We’ll let you know if your business is approved in one to three business days.

  • What happens to my loan progress if I don’t take payments every day?

    A loan through Square Capital is designed to adjust with your daily cash flow. So, if you bring in $1,000 one day and your repayment rate is 16%, you pay off $160 of your loan. If you bring in $100 the next day, you pay off $16. And if you’re closed every Tuesday, you never make a payment on Tuesdays.

    You must pay at least 1/18 of your initial loan amount every 60 days. If your daily card sales can’t cover it, Square Capital may debit the remaining minimum payment amount due from your Square-linked bank account.

  • How long does it take to pay back?

    It depends on your business’s sales, but most businesses pay back the loan within a year. We just ask that you hit your minimum every 60 days and that everything is paid back in 18 months.

Square, the Square logo, Square Capital, and others are trademarks of Square, Inc. and/or Square Capital, LLC. Square Capital, LLC is a wholly owned subsidiary of Square, Inc., d/b/a Square Capital of California, LLC in FL, GA, MT, and NY.

All loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC, located in Salt Lake City, UT. The individual authorized to act on behalf of the business must be a U.S. citizen or permanent resident and at least 18 years old. Valid U.S. bank account and Social Security number or Individual Taxpayer Identification Number are required. New Square sellers only. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. Eligibility criteria include consistent and continuous payment card processing through Square. All loans are subject to credit approval. This is an advertisement communication. NSF1119