Can I pay min payment on my Capital loan till its paid off?

[Robertwbrennan1]

Can I keep paying min payment till my loan is paid

[JanetK · Accepted solution]

Hi @Robertwbrennan1,

Thanks for posting on seller community and that is a great question! 

Loans through Square Capital are not amortized— meaning that if you just make the minimum payment, you will not be able to pay off your loan by loan maturity (which is the day your loan is due in full). 

With that said, if you maintain regular card processing by keeping payment volume/frequency as you did when you accepted your loan offer— you shouldn't have to worry about meeting your minimum since our loans are sized for repayment within 18 months. 

To understand more about Capital repayment, take a look at our Repayment FAQ!