Since it was launched in 2014, Square Capital has served as a cash advance program for eligible businesses. Initially, merchants were invited to participate based on the volume of volume of payments they processed through Square and their “history” with the company.
Two years later, Square Capital is undergoing a metamorphosis. Not only is the program expanding. It is now transitioning from a merchant cash advance to a flexible loan product.
Square Capital Expands Into Flexible Financing
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