We help merchants source a range of Square Cash Advance and Square Loans for their business. Borrow against the card takings you have not earned yet, and repay as a percentage of future sales rather than a fixed monthly amount.
If your business takes card payments via Square, you may be eligible to apply for a merchant cash advance or a revenue-based business loan. To be considered you need only 6 months of trading and over £2,500 a month through Square.
Square is widely used by UK merchants — particularly hospitality, salons, market traders and mobile businesses — so there are a good number of cash advance lenders willing to underwrite against Square revenue.
Disclaimer: We are not affiliated with Square, we are an independant finance broker who sources finance for Square merchants.
Apply Now — or call 0161 546 9128. We charge no broker fees.
Square Cash Advance Loans
A merchant cash advance is business finance advanced against your future card takings. The lender provides a lump sum, and it is repaid automatically as a percentage — usually 10% to 20% — of each day’s Square settlements, for a total cost fixed at the outset.
Offer Eligibility Requirements
- 6 months trading history
- Minimum £2,500 per month through Square
- Taking payments by card in person or online
Borrow up to 200% of average monthly Square sales through one of our lending partners. Most sectors are covered and the funds can be used for any legitimate business purpose — stock, equipment, refurbishment, staff, a tax bill, or simply evening out a seasonal dip.
The lower entry threshold is what makes Square advances useful: at £2,500 a month you are well below the £5,000 minimum most card-machine advances require, so smaller and newer businesses can often qualify here when they would not elsewhere.
You may be required to give a personal or director’s guarantee, which could put personal assets at risk. Read our guide to personal guarantees before signing one.
Square Cash Advance Fees & Costs
Costs are charged as a fixed factor rate, not an interest rate.
- Factor rates vary between 1.03 and 1.4
- Average factor rate 1.2
Multiply the factor rate by the amount advanced to get the total repayable. Because the cost is fixed rather than accruing daily, repaying early does not reduce what you pay — so an advance suits a business that needs the money over months, not weeks.
Square Cash Advance Example
Average Monthly Card Sales: £8,000
Amount of Finance: £8,000
Factor Rate: 1.25
Total Repayment: £10,000
Repayment Sweep: 12%
In this example you borrow £8,000 and repay 12% of future Square takings until £10,000 has been repaid. Could be subject to minimum payments.
Square Cash Advance FAQ
How do I get a cash advance on Square takings?
We work with specialist UK finance providers that advance funds against Square card revenue. You can typically borrow between 100% and 200% of average monthly takings, repaid as a sweep of 10% to 20% of future card sales. Offers usually come back within 24 to 48 hours. Fill in the form at the bottom of this page to apply.
Is this the same as Square Loans?
No. We are not affiliated with Square and this is not a Square product. Square offers its own financing in some markets. We are an independent broker sourcing advances and revenue-based loans from third-party lenders who underwrite against your Square revenue, which means you can compare several offers rather than take one.
What is the minimum turnover for a Square cash advance?
Generally £2,500 per month through Square with at least 6 months of trading. That is lower than most card-machine advances, which typically require £5,000 a month, so smaller and newer businesses can often qualify.
What does a Square cash advance cost?
Costs are expressed as a factor rate, typically 1.03 to 1.4 with an average around 1.2. The rate depends on the amount advanced, how long you have traded, your credit profile and your sector. The total is fixed at the outset and does not fall if you repay early.
Can I get a Square cash advance with bad credit?
Often yes. The advance is underwritten mainly against card takings rather than a credit score, so adverse credit is less of an obstacle than on an unsecured loan, though it may increase the factor rate. See our page on business loans for bad credit for detail on CCJs and defaults.
How long does it take to get the funds?
Typically 24 to 72 hours from application, provided your Square statements are available. It is among the fastest business funding options available.
Square Loans UK
We can also arrange revenue-based business loans for Square merchants. These work differently from a cash advance, with a fixed repayment amount rather than a percentage sweep. Typical requirements:
- 4 full months card revenue
- Minimum turnover of £10,000 per month
Where your takings are steady month to month, a fixed-repayment loan often works out cheaper than an advance. Where they are seasonal or unpredictable, the flexibility of the sweep is usually worth paying for. We will compare both for you.
Apply For A Square Merchant Cash Advance or Loan
As independent business finance brokers we help Square merchants source funding offers — including businesses that have been declined elsewhere.
Tell us roughly what you take through Square each month and what the money is for, and we will tell you what is realistic. No documents needed for a first conversation, and no broker fees at any stage.
Call 0161 546 9128 or fill in the form below.
Related: SumUp cash advance · Zettle cash advance · Stripe cash advance · merchant cash advance explained
Bolton Business Finance Ltd is a commercial finance broker. We arrange non-regulated business finance only and are not authorised or regulated by the Financial Conduct Authority. Advance amounts, factor rates and terms are set by the lender and subject to underwriting. This page is general guidance, not advice.