Page 33 - Everything You Need To Know About Personal and Business Credit by Adrean Yancy

Everything You Need To Know About Personal & Business Credit

Square Capital Loan
What is popularly known about Square is it doesn't charge per month and instead
charges a at rate per card transaction. Most people do not know that the credit card
processing point-of-sale (POS ) system called Square o ers capital loans for small
businesses.

The business loan is for businesses that use Square POS as a means for credit card
payment. Before you get this loan, Square will factor in your business track record and
performance to gauge how much you are quali ed to borrow. You do not need a
personal guarantor or collateral to apply for this loan. Also, there are no application
fees, compound interest fees, etc., only a one-time, at fee.

You can borrow from $500-$100,000 grand, and if you are eligible, you have three loan
options to choose from.

Customer Lenders
Once upon a time, this started with farmers using Community Supported Agriculture
(CSA) loans to nance their farming operations. At the end of harvest, consumers buy
farming products at a discounted rate.

After some success, the practice spread to other industries like the retail industry, and
local markets started borrowing from customers and got a discount through the year.
This might not apply to all industries and businesses, but it is surely one way to seek
business funding.

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