Square Capital by Square a New Pilot Program for Small Businesses

by Extreme John on February 25, 2014

I recently received an email from Square Capital, a new pilot program by Square. The new program is designed to assist small business owners by giving business owners a chance to secure cash against their future credit card transactions. In short, Square Capital is a merchant cash advance program.

I received the pilot program invite for one of my three SquareUp accounts.

Square Capital Information

About Square Capital Merchant Cash Advance

Merchant Cash Advance

Based on the email I received from Square Capital, there are three different options that business owners can choose from. Here’s a look at the three tiers offered by Square;

  • 4% of credit card sales
  • 7% of credit card sales
  • 10% of credit card sales

As I mentioned previously, the %’s above would be guaranteed from the business’s future daily credit card transactions. The % that the business agrees to would be taken from future cc transactions until the loan is paid in full.

In addition to the daily %, there is a one time fee for borrowing money from Square Capital. The fee is also based on which cash tier the business owner decides to borrow.

On the Way Out

As much as I appreciate the pilot program invite from Square, I’m not into loans against future business transactions, so I won’t be testing the Square Capital program first-hand.

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Carykathine

Hey John! I could have sworn I’ve visited this blog before but after browsing through many of the articles I realized it’s new to me. Regardless, I’m definitely happy I came across it and I’ll be checking back frequently.

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Extreme John
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Either way, it’s good to see you here. Thanks for reading and commenting :)
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Raviraj

Square capital!! i hadn’t heard before. As you are saying it might be good only, gonna read couple more reviews. Thanks for suchan aweomse post John
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Kaloyan Banev
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No doubt sounds interesting, though how secure is it? I have to admit that this is the first time about this and I also need to read more reviews.

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Tauseef Alam

Hi John

Thanks for letting us know about this program. The program seems very interesting. I’m waiting for a detailed review. Hope you’ll write one soon.
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Marina

How interesting! In our country, the credit system of payment is not working so well as you. Charge a huge fee for using a credit card. Many get into debt and are not able to get out …
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Prince Molak

Hey John,thanks for this write up about Square Capital,i would have been anxious to read a review of them from you,but its a pity you are not Interested In Cc Loan
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Silvia G.

Square is very interesting. I’m thankful for your input and insight into it so I didn’t have to.

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Extreme John
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Im happy you found my Square articles helpful.
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