x
Highlighted
VanKalkerFarms Super Seller

Square Capital loans up again in Q4

Square's Q4 earnings report was just released and Square Capital loans grew again up 55% year over year.  The past 90 days saw $472 million dollars loaned to 72,000 businesses.  That's $5,245,000 in loans a day on average, a staggering amount being offered, and 800 business getting a loan every day on average.  This is encouraging news for those that are looking for small business loans that Square is expanding this category of their business at a very fast rate.

 

Congratulations to all who were extended loans and were able to expand their business or buy more inventory etc.  

 

Message 1 of 6
196 Views
5 REPLIES 5
VanKalkerFarms Super Seller

Re: Square Capital loans up again in Q4

Screen Shot 2019-04-13 at 4.43.47 PM.png

Message 2 of 6
82 Views
Pesso Super Seller

Re: Square Capital loans up again in Q4

That's incredible!!!

Message 3 of 6
76 Views
phoneguy1617

Re: Square Capital loans up again in Q4

So does that mean that the term for loans has passed? Are they not giving out any more???

Message 4 of 6
55 Views
VanKalkerFarms Super Seller

Re: Square Capital loans up again in Q4

@phoneguy1617, not at all, this is just showing how much they are loaning out every quarter and its growth quarter over quarter.  Square Capital is still going strong.  Quarterly results are part of public reporting for publicly traded companies.

Message 5 of 6
50 Views
phoneguy1617

Re: Square Capital loans up again in Q4

@VanKalkerFarms That is very good to hear! Hopefully they keep giving them out!! 

Message 6 of 6
35 Views