Originally launched as Square Capital, the service is now known as Square Loans. It is the business lending division of Block, Inc. (formerly Square, Inc.). Its mission is to simplify and expand access to funding for small businesses, which often face challenges securing traditional bank loans. Instead of relying solely on credit scores, Square Loans uses a business's sales history and payment processing data from the Square platform to determine eligibility and offer amounts. Repayment is designed to be flexible, collected automatically as a fixed percentage of the business's daily card sales through Square. This model provides a streamlined application, quick funding, and a repayment structure that adapts to a business's cash flow.

Founded in

India