COVID-19 resources & funding

We’re no longer accepting new PPP applications

The SBA will no longer be approving PPP loans after June 30, 2020. To ensure we can process all applications and get them to the SBA by June 30, we are no longer accepting new applications. If you have an application in progress, we have notified you by email about your application submission deadline.

We’re working on an easy loan forgiveness application and will notify you when it’s ready. No action is needed from you right now for loan forgiveness. Keep checking our Support Center article for updates.

Square Capital

Get a loan to run and grow your business.

PD01516 - capital trustpilot

How it works

Eligible Square sellers can get access to business loans from $500–$250,000.

Easy application

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.

Fast funding

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.

Effortless payback

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.

Automatic repayment

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.

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.

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


Funds extended*


Merchants served


Say business grew**

*Includes MCAs and loans from May 2014 to March 2020.
**Based on an April 2019 survey of 5,655 respondents who have accepted a loan through Square Capital.

“That $6,000 investment [in a refrigerator] bought us easily $125,000 in revenue in a year.”

Joanne Canady-Brown,
The Gingered Peach


  • How do I repay the loan?

    A fixed percentage of your daily card sales is automatically deducted until your loan is fully repaid. If sales are up one day, you pay more; if you have a slow day, you pay less. A minimum of 1/18 of the initial balance must be repaid every 60 days.

  • Can I request a different loan amount?

    Yes. If you’d prefer a different loan amount, use the slider above to select the amount that best fits your business—up to your maximum offer amount. As you adjust your loan amount, the flat fee and percentage of daily card sales change accordingly.

  • How do you determine my business’s loan offer?

    Loan eligibility is based on a variety of factors related to your business, including its payment processing volume, account history, and payment frequency. To learn more about how you may become eligible for a loan through Square Capital, please see our FAQ.

  • Can I prepay the loan?

    Yes, you can make prepayments at any time at no additional cost. The total amount you owe does not change due to prepayments.

  • What happens if I miss a payment?

    If your daily card sales cannot cover the minimum payment, Square Capital may debit the remaining minimum payment amount due from your Square-linked bank account.

  • Are there late fees?

    No. There are no additional fees added to your total amount owed.

  • 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.

Still need help? Check out the Square Support Center.

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