Square's Q3 earnings report was just released and Square Capital loans grew again up 34% year over year. The past 90 days saw $405 million dollars loaned to 62,000 businesses. That's $4,500,000 a day on average, a staggering amount being offered and processed. Almost 700 business getting a loan every day. Lots of businesses were able to grow or build up stock for holidays etc thanks to these loans.
Congratulations to all who were extended loans and best of luck to all who would like one offered.
A Square Capital loan offer is not a guaranteed to all accounts and you will be notified in your Square Dashboard if your account is eligible.
