Square Capital

Square Capital

in Business Loans from Square Inc


Square Capital


in Business Loans from Square Inc

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Loan Amount $1,000 - $100,000
APR  (Fixed APR) 30% - 35%
Loan Term (Months) 3 - 18 months

Square Capital Review

Square Capital is a business financing offering by Square Inc, based in San Francisco, CA. Founded in 2009, Square Inc offers access to business loans in 22 states across the USA.

Square Capital FAQ

What are Square Capital’s rates?

Square Capital offers a fixed APR business financing product that ranges from 30% APR up to 35% APR.

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
  • Lease Improvement
  • 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 Square Capital?

Square Capital does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 350 and up to 850 may be eligible for Square Capital.

U.S. citizens are, of course, eligible for the services offered by Square Capital. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit

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.
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  • Headquarters
  •   1455 Market St STE 600
    San Francisco, CA 94103 USA
  •   Visit Site

Other Services by Square Inc


  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
Employment Statuses Considered
  • Employed Full-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
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 $1,000 - $100,000
APR (Fixed APR) 30% - 35%
Loan Term 3 - 18 months

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