Companies like Square Loans
Companies similar to Square Loans, compared from their public pages in October 2026, for sellers who like sales-based repayment.
Square Loans is a platform program with repayment tied to daily card sales. Similar options include other platform programs and merchant cash advance providers.
Platform programs are the closest match. PayPal Working Capital is repaid as a percentage of PayPal sales; Shopify Capital is repaid by a percentage of daily store sales.
Merchant cash advance providers use a similar idea, repaying from a share of receivables, but underwrite on bank deposits rather than one platform’s data. Credibly and Rapid Finance list MCAs among their products.
Fundbox offers financing embedded in partner platforms.
Merchant Fund Express is a marketplace offering MCAs, lines of credit, second position funding and buyouts with a 500 credit floor.
The key difference: platform programs need you to sell on that platform; MCA providers and marketplaces do not.
Compare the share of daily sales or deposits committed to repayment across options.
When sellers outgrow Square Loans: offers are sized to Square volume, so a business that adds a second processor, opens a wholesale channel or grows quickly can find its Square offer lagging. Others simply have not received an offer yet.
Illustrative example: a coffee shop processing $18,000 a month through Square and $6,000 in catering invoices by ACH has $24,000 in monthly deposits. Square sees the $18,000; deposit-based underwriting sees the $24,000.
For owners who like Square’s percentage-of-sales repayment, a merchant cash advance with split or percentage-based remittance works on a similar principle; ask each provider how payments adjust when sales drop.
Fixed fee versus factor: convert both to dollars.
Check whether each alternative counts card and ACH deposits.
| Square Loans | |
|---|---|
| How it works | Offers only to Square sellers |
| Minimum credit | No published score; based on Square sales history |
| Time in business | Based on time using Square |
| Revenue | About $10,000 annual Square sales (reported) |
| Amounts | Offers $100 to $500K (reported) |
| Speed | Not published |
| Products | Loans repaid by a fixed percentage of daily card sales |
| States | Not published |
Sources: Square Loans Square Loans, NerdWallet review; checked October 2026. Square Loans is a trademark of its owner; Merchant Fund Express is not affiliated.
Compare total repayment in dollars, the percentage or fixed payment taken each day or week, and any minimum payment requirements. If you sell across several platforms, deposit-based underwriting may reflect your business better.
Good fit:
Compare first if:
Instead of applying to Square Loans and each similar company separately, one Merchant Fund Express application is matched with multiple funders. Credit from 500, same-day decisions, funding typically the next business day.
PayPal Working Capital, Shopify Capital, Fundbox, Credibly, Rapid Finance and Merchant Fund Express.
PayPal Working Capital and Shopify Capital.
Similar sales-based repayment, but underwriting uses bank deposits.
Merchant Fund Express.
Total repayment and the share of daily sales committed.
Many are repaid from a share of sales or receivables, similar in principle.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
