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Merchant Cash Advance
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Last Updated: 04/18/2025

Square Capital

in Merchant Cash Advance from Block Inc

Last Updated: 04/18/2025

Square Capital logo
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Highlights

Factor Rate

1.10 - 1.16

Amount Range

$300 - $100,000
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Minimum Revenue

N/A

APR (Fixed APR)

10% - 16%(Verified 06/21/2024)
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Square Capital Review

Square Capital is offered by Block Inc, a direct lender founded in 2009 and based in San Francisco, CA. Square Capital are available in 22 states.

Square Capital FAQ

What APRs does Square Capital offer?

The cost of merchant cash advances is typically marketed as a factor rate, not an APR. Block Inc offers merchant cash advance with a factor rate starting from 1.10 to 1.16 . The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.25 will have a total repayment of $25,000, which includes $5,000 in fees.
However, we ran the numbers and we estimate it has an equivalent APR that ranges from 10% APR up to 16% APR.

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 Square Capital off early.

How much cash can you advance from Square Capital?

Cash advance amounts start at $300 and go up to $100,000.

What types of repayment method does Square Capital accept?

Square Capital accepts the following repayment method from the Merchant:
  • Split withholding
  • ACH withholding

How often does Square Capital process payments?

Square Capital processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Square Capital as payment for your cash advance until the full amount is paid.

Does Square Capital charge an origination fee?

Yes, Square Capital charges a origination fee .

What is the minimum repayment amount required by Square Capital?

Square Capital requires a minimum payment of 5.6% of the total amount advanced from the merchant when the payment is due.

What is the estimated funding time for a merchant cash advance via Square Capital?

Square Capital can fund your merchant cash advance within 1 business day of approval.

What are the business financing requirements for Square Capital?

To apply for Square Capital, you need to provide the following business documentation:
  • Business license
  • Business bank account

What do you need to qualify for Square Capital?

Applicants with a credit score of at least 350 and up to 850 may be eligible for Square Capital. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Square Capital does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Square Capital.
To qualify, applicants may need to provide the following documentation:
  • Proof of income
  • Bank account information
  • Business formation documents
  • Driver's license or other government photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
  • U.S. tax identification number

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...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

1455 Market St STE 600
San Francisco, CA 94103
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Hours of Operation

Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day

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