Square Cash Advance

About Square

Square, previously known as Square Up, is a financial technology company offering an all-in-one platform to help UK businesses take payments, manage sales, and run day-to-day operations with ease. Whether you’re online or on the high street, Square’s user-friendly tools make it simple to accept card payments, send invoices, and track inventory through its point-of-sale (POS) systems.

In the UK, Square now offers two funding options for small businesses: Square Loans (traditional business loans) and Square Cash Advance (a flexible merchant cash advance). The Cash Advance provides quick access to funds based on your card sales history, with repayments automatically taken as a fixed percentage of future transactions. It’s a fast, flexible way to manage cash flow without the strict terms of a conventional loan.

Key Milestones

• Square introduced its Data‑Driven Cash Advance product to UK sellers in June 2025
• In its 2023 financial year, Square UK posted a reported turnover of £64.9 million
• Square launched in the UK on 28 March 2017, its fifth global market after the US, Canada, Japan, and Australia

Square Merchant Cash Advance – At a Glance

Square Up Cash Advance provides flexible funding for UK businesses that process payments through Square. You receive a lump sum upfront, repaid automatically as a fixed percentage of your daily card sales—meaning repayments adjust with your business’s performance.

Funds can be used for any business purpose, including purchasing inventory, upgrading equipment, launching marketing campaigns, or covering other operational needs.

Unlike a traditional loan, Square's merchant cash advance does not affect your credit score and requires no personal guarantee.

Eligibility Criteria

There’s no formal application, eligibility is reviewed automatically based on your Square account activity. If your business qualifies, a personalised offer will appear directly in your Square Dashboard.

Key eligibility requirements include:

• Be an active Square customer processing payments through Square
• Operate as a sole trader or partnership
• Have processed at least £10,000 in card sales over the past 12 months
• Accept payments on at least 20 separate days during the last year

Reviews

Square has an 'Average' 3.5 rating on Trustpilot.