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Square Capital

in Business Loans

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Square Capital

Unaffiliated

in Business Loans

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Overview

Where does Square Capital do business?

Square Capital is a direct lender based in San Francisco, CA. It was founded in 2009 and offers access to business loans in 22 states across the USA.

What are Square Capital’s rates?

Square Capital offers business loans with fixed APRs starting from 30% to 35%.

Does Square Capital charge an origination fee?

Yes, Square Capital charges a loan origination fee.

What limitations does Square Capital set on the purpose of the loan?

Square Capital considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of business loans does Square Capital offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Square Capital provides access to the following business loan types:

  • Unsecured term loans
  • Merchant Cash Advances

Does Square Capital charge prepayment fees?

No, Square Capital does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Square Capital?

Loan amounts start at $1,000 and go up to $100,000.

What is the maximum loan term you can get with Square Capital?

Square Capital offers business loans with terms ranging from 3 to 18 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Square Capital?

Applicants with a credit score of at least 350 can apply for a loan via Square Capital. Square Capital does not require borrowers to have been in business for a minimum number of years.

Only U.S. citizens and permanent residents can apply for a loan Square Capital only considers borrowers who are employed or self-employed. To qualify, applicants may need to provide the following documentation:

  • Proof of Income
  • Proof of citizenship/residence (Green Card)

What is the estimated funding time for a business loan via Square Capital?

Square Capital can provide a credit approval decision in less than an hour and fund the loan within 1 business day.

SQUARE CAPITAL Disclosure: Only businesses that take Square payments qualify for a business loan.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  •   1455 Market Street
    San Francisco, CA 94103 USA
  •   Visit Site

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 22 states
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Florida
  • Georgia
  • Illinois
  • Kentucky
  • Louisiana
  • Massachusetts
  • Michigan
  • New Jersey
  • New York
  • North Carolina
  • Ohio
  • Oregon
  • Pennsylvania
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington

Feature Breakdown

No Prepayment Fee  
Credit Score Range 350 - 850
850 300
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Self-Employed
Verification Documents Required
  • Proof of Income
  • U.S. Tax Identification Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $1K - $100K
Loan Term (Months) 3 - 18
APR (Fixed APR) 30% - 35%

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