Square Capital, LLC Licenses

Nationwide Multistate Licensing System #1473167. Click for NMLS Consumer Access.

State License View
Alabama Consumer Credit License (Mini-code) View License
Alabama Small Loan License View License
Alaska Collection Agency License View License
Alaska Small Loan Company License View License
Alaska Business License View License
Arizona Collection Agency License View (NMLS Consumer Access)
Arizona Consumer Lender License View (NMLS Consumer Access)
Arizona Collection Agency Branch License View (NMLS Consumer Access)
Arkansas Collection Agency License View License
California Financing Law License View License
Colorado Supervised Lender’s License View License
Connecticut Consumer Collection Agency License View (NMLS Consumer Access)
Connecticut Small Loan Company License View (NMLS Consumer Access)
Delaware Business License (Collection Agency Tax) View License
Delaware Business Branch License (Collection Agency Tax) View License
Delaware Licensed Lender License View License
District of Columbia Money Lender License View (NMLS Consumer Access)
Florida Consumer Finance Company License View License
Idaho Collection Agency License View (NMLS Consumer Access)
Idaho Regulated Lender License View (NMLS Consumer Access)
Illinois Consumer Installment Loan License View (NMLS Consumer Access)
Illinois Collection Agency License View License
Illinois Collection Agency Branch Office License View License
Illinois Regulated Business License - Debt Collector View License
Indiana Collection Agency License View (NMLS Consumer Access)
Indiana Collection Agency Branch License View (NMLS Consumer Access)
Indiana Loan License View License
Iowa Nonresident Regulated Loan License View (NMLS Consumer Access)
Iowa Nonresident Regulated Loan Company Branch License View (NMLS Consumer Access)
Kansas Consumer Credit Notification View License
Kansas Supervised Loan License View (NMLS Consumer Access)
Kentucky Consumer Loan License View License
Louisiana Collection Agency/Debt Collector Registration View License
Louisiana Licensed Lender License (Licensed Lender Main Office - In-State and Out-Of-State with Lending Activity) View (NMLS Consumer Access)
Maine Supervised Lender License View License
Maine Debt Collector License View License
Maine Loan Servicer View License
Maryland Collection Agency License View (NMLS Consumer Access)
Maryland Consumer Loan License View (NMLS Consumer Access)
Maryland Installment Loan License View (NMLS Consumer Access)
Massachusetts Small Loan Company License View (NMLS Consumer Access)
Massachusetts Third Party Loan Servicer Registration View (NMLS Consumer Access)
Michigan Regulatory Loan License View (NMLS Consumer Access)
Minnesota Regulated Loan Company License View (NMLS Consumer Access)
Minnesota Collection Agency License View License
Minnesota Collection Agency Branch License View License
Missouri Consumer Credit Loan Company View License
Missouri Consumer Installment Lender License View License
Montana Consumer Loan License View (NMLS Consumer Access)
Nevada Foreign Debt Collection Agency License View License
Nevada Installment Loan License (San Francisco office) View License
Nevada Installment Loan License (Las Vegas, NV office) View License
New Hampshire Small Loan Lender License View (NMLS Consumer Access)
New Jersey Consumer Lender License View License
New Mexico Small Loan Company License View License
New York Licensed Lender License View (NMLS Consumer Access)
New York Debt Collection Agency License (Buffalo) View License
New York Debt Collection Agency License (New York City) View License
New York Debt Collection Agency License (Yonkers) View License
North Carolina Collection Agency License View License
North Dakota Money Broker License View (NMLS Consumer Access)
North Dakota Collection Agency License View (NMLS Consumer Access)
North Dakota Collection Agency Branch Registration View (NMLS Consumer Access)
Ohio Consumer Installment Loan License View (NMLS Consumer Access)
Ohio General Loan Law Certificate of Registration View (NMLS Consumer Access)
Ohio Small Loan License View License
Oklahoma Supervised Lender License View License
Oregon Consumer Finance License View (NMLS Consumer Access)
Oregon Collection Agency License View (NMLS Consumer Access)
Pennsylvania Consumer Discount Company License View License
Rhode Island Debt Collector Registration View (NMLS Consumer Access)
Rhode Island Lender License View (NMLS Consumer Access)
Rhode Island Loan Broker License View (NMLS Consumer Access)
South Carolina Supervised Loan License View License
South Carolina Supervised Loan License (for squareinstallments.com) View License
South Dakota Money Lender License View (NMLS Consumer Access)
South Dakota Money Lender License (Branch) View (NMLS Consumer Access)
Tennessee Industrial Loan and Thrift License View (NMLS Consumer Access)
Tennessee Collection Service License View License
Texas Regulated Lender License View License
Utah Consumer Credit Code Notification View License
Utah Collection Agency - Forieign License View License
Vermont Lender License View (NMLS Consumer Access)
Vermont Lender License (Branch) View (NMLS Consumer Access)
Vermont Loan Solicitation License View (NMLS Consumer Access)
Washington Consumer Loan Company License View (NMLS Consumer Access)
Washington Business License (Out of State Collection Agency Registration) View License
West Virgina Business License (Collection Agency Tax) View License
Wisconsin Loan Company License View License
Wyoming Supervised Lender License View (NMLS Consumer Access)

Square Capital, LLC is licensed to do business at 1455 Market Street, 8th Floor, San Francisco, CA 94103.

Program Change Update:

*On Tuesday, July 9, 2019 Square Capital, LLC’s consumer Installments program transitioned to a bank partner. All loan applications received prior to July 9, 2019 will be reviewed and if approved, will be originated by Square Capital, LLC.

All loan applications received on and after July 9, 2019 will be issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC, located in Salt Lake City, UT. Merchant is an independent third party from Celtic Bank, Square, Inc., and Square Capital, LLC. Loans are subject to credit approval. Square Installments is only available to U.S. citizens or permanent residents who are at least 18 years old who make purchases at select Square businesses. Square Installments is currently not available in Hawaii or West Virginia. Visit here for eligibility and program information.
*

Square Installments Loan Fee

Fee examples and loan program information prior to and after July 9, 2019 below.

After July 9, 2019

Loans issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC, located in Salt Lake City, UT. Borrowers can choose to pay over 3, 6, or 12 months with fixed interest rates from 0-30%.* The interest rate and annual percentage rate (APR) are the same. The interest rate may vary based on credit history and other factors. Our 0% rate is available for qualifying applicants who select autopay and choose a 3-month term. Select Square businesses may offer 0% APR for longer terms based on individual credit.

A reduced APR is available when automatic payments are selected during the application process. APR is the only cost associated with Square Installments—no prepayment fees, deferred interest, or service fees. The interest rate never changes throughout the loan term. The product does not charge compound interest (interest charged on interest). Interest is only charged on the amount originally financed.

Notice

Before signing any loan documents or otherwise committing to a loan, you may take copies of those documents away from the consumer lender’s place of business for review.

Fee Examples

Here’s an example of monthly payments for a $2,100 purchase.

3 Monthly Payments 6 Monthly Payments 12 Monthly Payments
$711.69 per month $365.45 per month $189.51 per month
$2,135.08 total cost $2,192.70 total cost $2,274.07 total cost
10% APR 15% APR 15% APR

The example above assumes that all payments made in full on the scheduled installment due dates.

Prior to July 9, 2019

Square Capital charges interest based on the loan amount and duration. Prospective borrowers have the option of selecting a loan term of 3, 6, or 12 months. Interest is calculated based on a fixed monthly rate (the advertised annual rate divided by 12) and is assessed daily against the loan’s outstanding principal balance.

All loans are issued by Square Capital, LLC, a wholly owned subsidiary of Square, Inc., d/b/a Square Capital of California, LLC in FL, GA, MT, and NY. Loans are available to AZ, CA, CO, CT, FL, GA, IL, KY, LA, MA, MI, NC, NJ, NY, OR, PA, TN, TX, UT, VA, and WA residents only. Borrower must be a U.S. citizen or permanent resident and at least 18 years old. Loans are available for purchases of $250 to $10,000 and are payable in 3, 6, or 12 month installment options with minimum payments due each month. Available annual percentage rate (APR) ranges are from 0% to 24%. Maximum APR of 18% applies to CA, FL, TX, CO, MA and LA, 16% applies to GA, NY, and NC residents, and 12% to VA residents. 0% APR is only available for qualifying applicants electing 3-month installment option. All loans are subject to credit approval and the rate individual borrowers qualify to receive may vary based on individual credit history and other factors. For more information on eligibility and program information, visit here.

Notice

Before signing any loan documents or otherwise committing to a loan, you may take copies of those documents away from the consumer lender’s place of business for review.

For South Carolina residents: Square Capital, LLC does not offer consumer loans in the state of South Carolina. Click here for a copy of the South Carolina Consumer Pamphlet.

Fee Examples

Here’s an example of monthly payments for a $2,100 purchase.

Amount Financed Payment Schedule Expected Interest (Finance Charge) Repayment Amount APR
$2,100.00 3 month term: 2 monthly payments of $705.00 and 1 payment of $704.00 $14.00 $2,114.00 4.00%
$2,100.00 6 month term: 5 monthly payments of $365.00 and 1 payment of $361.44 $86.44 $2,186.44 14.00%
$2,100.00 12 month term: 11 monthly payments of $199.00 and 1 payment of $193.23 $282.23 $2,382.23 24.00%

*18 and 24 month loan term available in CA only for select participating merchants.