Square Capital is a lending service that provides short-term loans to small businesses that use the Square service to process credit card payments. It offers loans up to $250,000 with an 18-month repayment period. In this article, we cover Square Capital reviews and pricing. Ready to get started? Get a loan.
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Square Capital Pricing
Square Capital pricing and rates are customized based on the borrower’s daily card sales. The loanable amount ranges from $500 to $250,000 with an additional custom fixed fee. Loans should be paid in full within 18 months; otherwise, the remaining loan balance will be due in full.
Ready to get started with Square Capital? Get a loan.
Summary Square Capital Reviews
As of the date this article was written (March 20, 2019), there are no up-to-date Square Capital reviews online. If you are a past or current Square Capital customer, leave a review to help other business owners who are deciding whether or not to use the company.
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Square Capital Features
Check out the list below of some of Square Capital’s features:
- Easy application
- Fast funding
- Effortless payback
- No fees for early repayments
- No compounding interest
- And more
Square Capital FAQs
How fast can borrowers get their funds from Square Capital?
Once the application is approved, their funds will be deposited on the next business day. However, the availability of the funds still depends on the processing speed of the borrower’s bank.
Will applying for a loan with Square Capital affect the borrower’s credit score?
No. Applying for a loan with Square Capital will not affect the borrower’s credit score. Square Capital also doesn’t require collateral for business loans of $75,000 or less and do not require a personal guarantee.