Square Loans Reviews 

1,356
TrustScore 3.5 out of 5

3.5

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Rated 2 out of 5 stars

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 custome... See more

Company replied

Rated 5 out of 5 stars

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... See more

Rated 3 out of 5 stars

Very disappointed in Square after several years of loans with no issues. Left me in limbo for two weeks telling me they had everything they needed only to be denied because I hadn't given them the in... See more

Company replied

Rated 5 out of 5 stars

Square loans have helped our small business over the past 5 years! We are currently paying down our 4th loan at 72% patiently waiting for an offer for our next loan. They make you an offer, you accept... See more

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  1. Financial Institution

About Square Loans

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3.5

Average

TrustScore 3.5 out of 5

1K reviews

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3.5

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(1,356)

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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

Unfortunate that they run my credit and…

Unfortunate that they run my credit and when I inquire as to why no one knows. I would have hoped a company working with credit would be able to tell when they ran someone's credit and why.
"In this case since you don't have an active Square Account or attempt to get a Square Account with us the best you can do it to get in contact with the Law and if they need to investigated in our end we help them over once they get in contact or email us directly.

I apologized Square is unable to further assist you in this matter."

June 8, 2021
Unprompted review
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Reply from Square Loans

Thank you for flagging this issue. We will need more information in order to understand this better. Please contact us directly so that we can investigate this issue further: https://squareup.com/help/us/en/contact?panel=FAB456B04971

Rated 5 out of 5 stars

I got my loan fast and the fact that I…

I got my loan fast and the fact that I pay it bk daily is amazing. This is a great way to get that extra ya nd at just the rt time. It's as simple as filling out your apication for your business. Thank you square Capital. I would highly reccomend you all for anyone.

June 7, 2021
Rated 5 out of 5 stars

Hassle Free and Pain Free Loan Process

As a small sole proprietorship business Square Capital provided easy access to immediate funds we could use to purchase additional equipment and perform some necessary remodeling. The repayment process is painless and in our case completed well before the agreed upon loan term.

June 7, 2021
Rated 4 out of 5 stars

Square Capital is awesome

Square Capital has come through when others couldn't. I like how it is structured and don't even notice the small amount that is taken out to make payments. Before you know it, it is payed off. There is only one thing I don't like about it, and that is, that you never know when and if you are eligible for another loan. Sometimes it takes too long to notify you and sometimes you wait months without hearing anything. Overall I'm very happy with this program.

June 7, 2021
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Reply from Square Loans

Thanks for your feedback! To ensure you get an offer that's just right for your business, Square Banking reviews accounts on an ongoing basis and looks at a variety of factors including your payment frequency and current processing volume. While we do not have a specific timeframe for when another loan offer may be available, we'll continue to automatically review your account for eligibility.

Rated 4 out of 5 stars

Pretty satisfied

Overall, it’s pretty convenient. I wish the percentage rate it deducts from your daily sales was a little bit lower. Or that once you hit your minimum payment for the month, it would stop pulling from your daily sales. Also, would be nice to have the option to refinance halfway through or something of the sort. I’m still satisfied though and it was helpful.

June 7, 2021
Square Loans logo

Reply from Square Loans

Thanks for your feedback! We constantly strive to make improvements and hope to have more options for you soon. Please know that we take all customer feedback into account and as these features don't exist yet, would require time for us to assess and develop. If you have anymore feedback on how we can improve, please let us know: https://squareup.com/help/us/en/contact?panel=FAB456B04971

Rated 5 out of 5 stars

Future

Great system 👏👌👍
Square loan is like a temporary angel.
We would like a bigger loan/angel when the time comes.
Square loan is great for establishment that pushes money!

June 7, 2021

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