Square Starts Offering Loans Through Square Capital

Square launched Square Capital in 2014 as a cash advance program for eligible businesses. The program gave businesses quick (the next business day) access to thousands of dollars, with great flexibility in payback. Payback came out as a percentage of…

Square Partners With Victory Park Capital To Front Businesses More Money

Square announced on Tuesday that it is working with Victory Park Capital to extend hundreds of millions of dolalrs to independent businesses as part of its Square Capital program. Square began testing the cash advance program early this year before…

Square Capital (Square’s Cash Advance Program) Gets Formal Launch

Earlier this year, Square began testing Square Capital, a cash advance program for business owners. On Wednesday, the company formally launched it. There’s no application process with Square Capital, and businesses get their money the next business day, according to…

Square Tests ‘Square Capital’ Cash Advance Program

Last week, a report from The Information said Square was testing a product to give merchants “thousands of dollars” in capital to help them grow, and that it was considering another round of funding that would delay an IPO. This…