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Square Capital
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Square Capital Review: Automated Business Loans

Square Capital is only available for merchants who use Square, but still might be appealing as it doesn't have credit score requirements or extra fees.

    Erica Seppala
  • Last updated onUpdated

  • Chelsea Krause
  • REVIEWED BY

    Chelsea Krause

    Lead Staff Writer

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Square Capital

Total Rating 4.3
Rates & Fees3.8

Services3.4

Eligibility Requirements4.9

Application4.8

Sales & Advertising Transparency4.8

Customer Service4.2

User Reviews4.8

Square Capital At A Glance

  • Square Capital provides small business loans of up to $250,000 to eligible Square users.
  • Eligible borrowers will receive a loan invitation from Square and can apply in just minutes with a few clicks on the Square dashboard.
  • Square uses factors including processing volume, customer mix, and a user’s history with Square to determine eligibility.

Erica Seppala

Erica Seppala

Editor & Senior Staff Writer at Merchant Maverick
Erica began writing on small business topics in 2008. She joined Merchant Maverick in 2018 and focuses on loans, accounting, and POS. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll. She has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a graduate of Limestone University and resides in Greenville, South Carolina.
Erica Seppala
View Erica Seppala's professional experience on LinkedIn.

Business Loan & Funding Products Review Methodology

Merchant Maverick has been researching and reviewing business lenders since 2015. Our writers have tested over a hundred different funding products, including traditional term loans, online loans, lines of credit, start-up loans, merchant cash advances, and equipment financing. In each review, we evaluate rates and fees, services, eligibility requirements, application process, sales and advertising transparency, customer service, and user reviews.

Read more about how we rate business loans and funding products.

When comparing different lenders and loan products, we consider many data points, including the ease and transparency of the application process, interest rates, repayment structure, sales ethics, time to funding, revenue and time in business qualifications, and credit score requirements. Our lists of the best funding products include only those we’ve deemed worthwhile from multiple vantage points, and often share qualities such as widespread accessibility across fifty states, low rates, flexible requirements, and competitive borrowing amounts.

We spend an average of 10-15 hours researching and updating each one of our lists, making sure the loans and funding products included meet our internal standards for quality and reputation.




The Merchant Maverick Seal of Approval 🏆

Square Capital


Visit Site

After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Square Capital for yourself.

The Merchant Maverick Seal of Approval 🏆

Square Capital


Visit Site

After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Square Capital for yourself.

Sources

To learn more about how we score our reviews, see our Business Loan Rating Criteria.