Square Loans Reviews 1,356

Square loans are very reliable and easy to pay back only 17% or something like that of your daily sales so you don’t even feel stressed paying it back and it’s been very helpful to my business when you need cash starting in your business I’m very grateful for Square and I already have three loans so don’t hesitate to take the money if you need it square loan is a great opportunity to grow your business

This loan was life saving, and catapulted me towards expansion. I increased sales by almost 300 percent once I had a little extra support from Square. The repayment process is easy, and I'm building confidence that my side business can take up more space in my life.

Basically a joke. Square bases their loan offers on processing volume but basically on a month to month basis. Had a killer December? Here’s a $15k offer. Slow January? Sorry you aren’t processing enough with Square.

Does that sound like a company you want to take a loan from? Just don’t do it. Business is up and down and you can’t be dealing with a company that doesn’t understand that or believe in your overall business. Not to mention, If you actually calculate the finance charge, it’s much higher than traditional financing (if you have decent credit) and you’ll be dealing with a very flippant lender.

I’m glad I never accepted a loan offer when I had the opportunity because I just had a bad feeling about it and as I said, the finance charge seemed steep.
I also theorized that if you get behind on payments, there’s nothing stopping them from freezing your POS and locking you out. Alternatively, they could tack on extra fees and force you to pay them through your future payouts. Remember, the more you process, the more they take until your paid up.

All I’m saying is be careful. There’s so much that COULD go wrong.

Square is a joke. They took my account out of good standing because some
Of my days of transactions on my food truck was too low for them last month. However I still made over $10,000 for month. This is crazy.

I had like 7-8 square loans already and I paid my last loan in advance like a big payment of 4k. This is the fire time I haven’t received a new square loan after I paid it off. My business makes around 15k-20k a month so I’m getting a my volume of sales per month. So I don’t know what else I can do to get another square loan.

Great customer service and an incredible platform to run your business. Highly recommended! Their loans are very efficient, simple to understand ans easy to pay-off. Thanks Square Financial Services!

My business has had 3 loans so far. I'm always months ahead of the minimum. Every loan offer I have ever received was accepted. But I got a new offer right before Christmas. I accepted. Right after the holidays I received an email. Saying I was denied for inconsistent processing. I only closed for Christmas day. This is why I was denied a loan when I'm 80% payed on my current loan. My business really needed the fund to get thru the slow days around Christmas. Probably leaving square in the next week. I'm paying close to $2,000 a month on the loans. Even at 18%. Seems like a terrible reason to deny me for closing on a holiday.

Your reply is obviously automated and does not actually address the issue. Square never reached out to me.

I am a African American business owner. A lot of times its hard to find help to maintaining when you didn't have a lot to start. After signing up with Square, a lot of things changed. Where as most financial institutions want years of being in business a tool to base loans on , Square saved a business like mine. I'm in the transportation industry and not being Uber or Lift, a corporate car service is an extremely important factor. The ups and downs in this industry could make or break you. The highs and lows served as a calling point for Square to keep business like mine and others a float. Square made loans empower my services and kept me going. They make payments easy and sufficient. I've received 2 loans to date and paid them back within more than enough time. Square made it simple and unique for small business. I have referred and will continue to refer them to each and everyone starting a business. I look forward to working with Square on other services, such as banking , checking and savings and choosing services that elevate my business. Thank you Square for being there!

I am extremely disappointed in my service from square. I was told before starting processing with square and moving from my previous provider that square loans would be available as long as the minimum 10,000 pounds was taken in 12 months. My business takes alot more than this and i have now been told that " at this time, your business is not eligible for a loan offer. We are unable to extend an offer because your business is not eligible for the minimum loan amount that we can provide to your business entity type" i am absolutely disgusted with this as it was never mentioned at the off set. Take your business else where everyone

Very easy application process. The terms are understandable. So convenient being able to pay through your sales. I have used Square loans twice to upgrade various things for my business. It's definitely an amazing benefit.

My experience was and is amazing because of the way the square loan has gotten my business out of some trouble times. The payment schedule is amazing and it does break me from continuing to grow my business.

It has been a challenge for me to qualify for other types of business loans since I have a significant amount of student debt (medical school plus additional graduate training). Receiving this loan from Square has allowed me to continue my private medical practice and to grow my business. This loan opportunity through Square has helped me to reach my business goals much faster than I expected. Thank you!

The loan process is so easy and fast. Repayment on the loan is very convenient and fair, Squar really works with you. I would recommend using square loans for any business.

The loan I received was fast, efficient, and helped boost the cash flow of my business. I was able to purchase new equipment; which lead to quicker completion of projects. I thank thumbtack tremendously for considering, and offering my loan to help me generate more profit for my business! God bless!

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!

My whole experience with square Loans was quick easy and convenient. They offered a loan I could afford and the fact repayment is done automatically is what is most convenient. No worries about payment dates. This also makes repaying the loan fast!

My experience has been great, because Square loans has helped me to better my business and I couldn't be more thankful for this company! They are great and I would recommend them to anyone!

Square loans has truly been a God send for my budding buissness. The process is so simple and easy as well as paying it back. I think one of my favorite things is that I don't even have to think about paying it back the payments are made automatically. It's easy and straight forward and I am truly thankful for all of the support given to my buissness by square.

This is a simple process for business that may not qualify for traditional loans but, if your activity/payments are consistent with the platform, you’ll get an offer

been a member for a while everything is green still no offer