Hi @Renewbody! Thanks for your interest in Square Capital. Payments of a Square Capital loan are set as a fixed percentage of your business’s card sales, but the percentage of sales is not an interest rate. The total borrowing cost of the loan is a fixed fee.
When you have a Square Capital offer, you have the option to customize your loan offer in your Square Dashboard. The smaller the loan offer size you request, the smaller the daily repayment rate will be.
I hope this was helpful!
