payback exorbitant I’m happy to have the option of using a Square loans when I need them but I just wanted to put this feed back out there - today I made $400 total (250 & 150 payments) in Square sales and they took out their portion and my take home was 309!!! The payback ratio is way too high!! Ugh!! I can not wait to have this loan paid off. They are like loan sharks. Easy money… terrible payback terms. You find yourself further in the hole.

This was my 2nd Square business loan… This was my 2nd Square business loan and it has helped me improve the quality of my business as well as helping me improve my skills with expensive CEs. I love the fact that I don't have to worry about payment due dates and they take out a fair amount without breaking me. Everything has always went smoothly with Square and I definitely recommend them!

Square loans are AMAZING! Square loans are AMAZING!! They pop up that you qualify for x amount and you simply apply and they direct deposit it to your account! It’s so easy to pay back too. You don’t need to “make” payments as a little bit just comes out of every transaction. I love the ease of all of it!! It’s so helpful to have a little extra cash for business expenses sometimes!

Square Loans was a timely alternative… Square Loans was a timely alternative that boosted our working capital at a time a boost was needed. Applying is seamless, yet thoroughly structured, leaving no question to how it works. The dashboard is very user friendly, and you are able to render your loan payment via daily sales and processing-making it a convenient and easy process. We recommend Square Loans for your short term business needs.

Not New Business Friendly Services are OK, equipment works well. But as far as being a new business, if you are looking into a loan for product or equipment, forget about it. They say your eligibility is based off of customer mix, card processing volume and such, but mine has been above their average, yet no loan offers. Either go out of pocket or do it through a bank, Square doesn't like doing loans apparently. Your reply is obviously automated and does not actually address the issue.