Where do I find the information on interest paid on May 2018 small business loan?

[PamelaJM]

Where do I find the interest information on my 2018 small business loan?

[VanKalkerFarms]

I have not had a Square Capital loan so maybe @Tom can step in here but the way Square loans work is that you are just paying a set amount of interest agreed upon before the loan starts so it isn't like a mortgage where there is a percentage of payments that change over time that is specifically interest.  But maybe there is something like that in the dashboard.  

[JanetK]

Hi @PamelaJM,

Thanks for stepping in here @VanKalkerFarms and you're absolutely right! 

With a loan through Square Capital, there are no ongoing interest charges on the loan. The total cost of the loan is simply the fixed fee (AKA your total borrowing cost), which is the difference between the total owed amount and the initial loan amount you applied for on your Square Dashboard.

Tip: If you have had a loan in the past, you can view your previous loans on your Square Dashboard. Go to the Capital tab and then just select the loan you want more information on (button located on the top right corner). After that, you can download your loan agreement to view the total borrowing cost associated with your loan!