Square Funding
Money to keep your business running at its best
Funding offers are invite-only for eligible Square sellers in Quebec. Check your Dashboard
Not in Quebec? Explore loans
$3,000 to cover cash flow Just an example.
$6,500 for a new product line Just an example.
$1,000 to restock supplies Just an example.
Access to money for your business should be simpler
With Square Funding, you may become eligible for capital just by running your business as usual. We’ll contact you if you’re eligible to apply. Complete your application in a few steps in your Square Dashboard, and you’ll get the funds as soon as tomorrow if approved.
Your business performance matters most
Offer eligibility comes down to your unique business data, not your personal credit history. Take payments with Square, and you may be offered funding based on your Square sales, payment frequency and new and regular customers, among other criteria.
Customizable offers to meet your needs today, tomorrow and beyond
You know your business and your plans best, so it’s up to you: Choose the amount (up to your max offer) you can comfortably afford. You’ll see your funding amount and one funding cost right up front. No interest ever.
Deductions that flex with your cash flow
A percentage of your Square sales will be withheld until your balance is met. A little less will be deducted on slow days, more when it’s busy – and nothing on days you’re closed. Funding balances are typically met in a year or less.
Deductions that flex with your cash flow
A percentage of your Square sales will be withheld until your balance is met. A little less will be deducted on slow days, more when it’s busy – and nothing on days you’re closed. Funding balances are typically met in a year or less.
“We have to have enough boxes, colouring, sprinkles, flour – all these things. Sometimes that completely wipes our cash flow. It’s scary. For that, [Square Funding] would help a lot.”
No credit checks or paperwork required
No delays, funds as soon as tomorrow
No interest, just one funding cost
Use your money for more inventory, new equipment, cash flow or anything else to keep business moving.
You might get an offer for
$7,000
Funding cost
$910
Total balance
$7,910
This is just an example. Check your Square Dashboard for offers.
Getting funding is a big decision and you may have questions
No, Square Funding is not a loan. It’s a merchant cash advance, which means you’ll get funding up front in exchange for a fixed percentage of future credit or debit card sales processed with Square. Unlike loans, there is no interest or any fees other than a simple funding cost. There are also no monthly payments due, so the progress you make on your total balance will vary with your business – Square will withhold less when sales are slow, and more when they’re strong.
When you accept funding, you agree to sell Square a set amount of future card sales for the funding amount listed in your offer.
Here’s an example:
Funding amount: $10,000.00
Funding cost: $1,000.00Total balance: $11,000.00
Percentage of card sales: 10%In this example, you’ll exchange $11,000 of your future sales for $10,000 in funding up front. The $1,000 difference is the cost of the funding.
Note: Numbers are for illustrative purposes only.
Square will withhold a fixed percentage rate of your future card sales until the balance is met. The percentage rate will be applied to your gross card sales, including tips and taxes paid by your customers using a credit or debit card. It’s applied in addition to the Square processing fees for these transactions.
Upon approval, funds will be deposited as soon as the next business day.
However, the time it takes for your funds to be available will depend on your bank’s processing speed. It can take up to three business days to process this deposit. For more information about your bank’s processing speed, please contact your bank.There’s no interest or any additional fees other than one simple funding cost. Once you’ve applied, that cost is set in stone and never changes.
A percentage of every card sale is automatically deducted until the total funding balance is met. This rate applies in addition to your Square processing fees.
Yes, Square Funding is for eligible Square sellers in Quebec only. If you’re a Square seller in any other province, check out Square Loans.
Payments, funding and more – all working together seamlessly