Square Capital loans up again in Q4

[VanKalkerFarms]

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.  

[VanKalkerFarms]

[pessosices]

That's incredible!!!

[phoneguy1617]

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

[VanKalkerFarms]

@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.

[phoneguy1617]

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