Square Loans Review 2026

Square Loans is built for retail, restaurant, and service businesses that already process sales through Square POS. Because it's revenue-based financing underwritten from your Square sales data, it fits established Square sellers with a few months of sales history rather than businesses outside the Square ecosystem.

Square Loans is repaid as a percentage of your Square sales, so the amount automatically flexes with slow and busy periods. Pricing is set as a factor rate rather than an APR, so it's worth translating that factor rate to an APR before comparing it against other offers.

For established Square sellers, funding typically arrives in 1 to 3 days. A key advantage is the platform-native underwriting: Square draws on your existing sales data, so there's no separate external application to fill out.

You'll need to be an active Square seller with a few months of Square sales history. Square uses that sales data to determine eligibility and any offer — specific terms vary by your business, so confirm current details with Square.

A factor rate is a flat multiplier on the borrowed amount, not a time-based rate, so it can look cheaper than it is once repayment timing is factored in. Use the factor-rate-to-APR tool on this page to convert it before comparing Square Loans to APR-quoted options.