Square Loans requirements
Square Loans requirements per Square’s page and a NerdWallet review, checked October 2026: offers only to Square sellers, based on Square sales history, with about $10,000 in annual Square sales reported.
Square does not publish a credit score minimum for Square Loans. Eligibility is driven by how much and how consistently you process through Square.
| 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.
Platform first: you must be a Square seller. Offers appear for eligible accounts; there is no open application for non-Square businesses.
Sales history second: reported eligibility starts around $10,000 in annual Square sales, with time using Square also considered. Consistent processing matters more than one strong month.
Credit: no published score minimum, because Square underwrites mostly on its own sales data.
Amount: reported offers run from $100 to $500K and scale with your Square volume.
Repayment: a fixed percentage of daily card sales, which means a large loan relative to your Square volume can take longer to repay and keep a share of each day’s sales committed.
If you just started processing on Square, you may need to build history before an offer appears.
Illustrative self-check: a bakery processing about $2,500 a month through Square for a year has around $30,000 in annual Square sales, comfortably above the roughly $10,000 reported starting point. A pop-up vendor processing $600 a month is near the threshold and may see small offers or none.
Things that can reduce or delay an offer: sharp drops in Square volume, moving sales to another processor, high refund or chargeback activity, or an existing Square loan still being repaid.
Sellers waiting on an offer can keep processing consistently through Square and check the loans section of their dashboard periodically.
Owners without an offer, or whose Square volume is a small part of revenue, can compare providers that review total bank deposits. Merchant Fund Express publishes a 500 credit minimum and offers MCAs, lines of credit, second position funding and buyouts.
Good fit:
Compare first if:
Merchant Fund Express matches one application with multiple funders whose criteria differ from Square Loans’s, so a file that misses one cutoff may fit another. Credit from 500, same-day decisions, funding typically the next business day.
No published minimum; offers are based on Square sales history.
About $10,000 annually, as reported.
No; offers go only to Square sellers.
Usually limited or inconsistent Square sales history.
Compare providers that review total deposits; Merchant Fund Express starts at 500 credit.
Offers are based on Square sales, so less Square volume usually means smaller offers.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
