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We're a broker, not a lender

Funders make the credit decisions. We compare their offers and show you what each one costs. Funders pay us when a deal funds, never you upfront.

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Lender profile

Square Loans

Payment platform Checked Sep 30, 2026
Square Loans are business loans offered by invitation to sellers who process card payments with Square, in amounts from $100 to $500,000. The cost is one flat loan fee with no ongoing interest, and a fixed percentage of daily card sales goes to repayment, with minimum payments required.
Visit squareup.com/us/en/banking/loans Compare with similar funders
Heads up. Loans are available only by invitation to Square sellers and are issued by Square Financial Services, Inc., a Utah-chartered industrial bank. A personal guarantee is required above $250,000, and Square may take a security interest in business assets above $100,000.

The open book

What Square Loans publishes, and what it doesn't

2 of 9 things a business owner needs to compare offers are on its website.

Published

Amounts
$100–$500K
Minimum credit score
Not published
Minimum time in business
Not published
Minimum monthly revenue
Not published
Speed, in its words
Instantly into Square Checking, if approved

The ledger

  • Funding amounts
  • Funding speed
  • Minimum credit score Not published
  • Minimum time in business Not published
  • Minimum revenue Not published
  • Price (rate or factor) Not published
  • Fees Not published
  • Term length Not published
  • Excluded industries Not published
Loosest published figure across its products, from its own website. Details by product below.

By product

Square Loans's products, as published

Open “Sources” under any product to see the exact wording and the page it came from.
Price not published
Amounts
$100–$500K
Price
Not published
Term
Not published
Repayment
Daily
Minimums
Credit n/p · Time in business n/p · Revenue n/p
Speed
Instantly into Square Checking, if approved
Fees
One flat loan fee, the difference between the total owed and the loan amount; no ongoing interest, no late fees and no cost to prepay. The fee depends on card processing history, loan amount and other eligibility factors; no amount or percentage is published.
Sources (12)

Similar funders

Funders offering the same products

1West

Marketplace
$5K–$10M500+ creditPrice published

1st Alliance Group

Not stated
Not publishedCredit n/pNo price

Alternative Funding Group

Direct funder
$5K–$500KCredit n/pNo price

Amerifi Capital

Direct funder
From $25KCredit n/pNo price

Backd Business Funding

Not stated
$10K–$2M650+ creditNo price

Big Think Capital

Broker
$10K–$5M550+ creditPrice published

Head-to-heads

PayPal vs Square LoansShopify Capital vs Square Loans

Pages we read

  1. https://squareup.com/us/en/banking/loans
  2. https://squareup.com/help/us/en/article/5654-get-started-with-square-capital
Spotted something out of date? Funders and owners can send a correction with a link to where it's published. Listing Square Loans here doesn't mean it works with Openbook.

One application, many funders

Compare offers from multiple funders

Openbook matches your file with funders whose published criteria fit. You approve every funder before your file goes out, and every offer comes decoded.

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  • You approve every funder before your file goes out. No cost to apply, and no obligation to accept.