How it works
Eligible Square sellers can get access to business loans from $500–$250,000.
Log in to your Dashboard to see if your business has a loan offer. Application only takes a few clicks and there are no long forms to fill out or long waiting periods. All loans are subject to credit approval. Applying won’t affect your credit score.
If approved, your business loan is deposited in your bank account as soon as the next business day so you can put your money to work fast.
Pay off your loan with convenient automatic deductions from your Square daily card sales so you never have to think about it. We just ask that it’s paid back in 18 months and that you hit your minimum every 60 days.
Your loan is automatically repaid using a percentage of your Square daily card sales to align with your cash flow. You don’t have to think about repayment—just do business as usual and go about your day.
Loan offers are based on your business
We look at your payment processing volume, payment frequency, account history, and more to determine your business’s eligibility. We don’t check your personal credit score. You’ll get an email and a notification in your Square Dashboard as soon as you become eligible.
Square believes business owners deserve more credit
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.
Still need help? Check out the Square Support Center.
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Testimonial reflects the views and opinions of the merchant. Actual results from taking a loan through Square Capital may vary.
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. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. Loan eligibility is not guaranteed. All loans are subject to credit approval. Square Capital, LLC is a licensed servicer and debt collector with the following License Information. FW1118