July/August 2014 – Issue 4

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How Will Square Fare?

square

A brief interview with Square
In late May, payments company SQUARE announced the official launch of Square Capital to provide their clients with merchant cash advances. How does their program stack up?

Square told DailyFunder that:
• Most advances are less than $10,000.
• The average holdback is about 10%
• They create their offers based on a seller’s history with them and their processing volumes.

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