7 Alternatives to Square Capital Business Loans (2026)

This online lender specializes in short-term loans for small and midsize businesses in a pinch. LoanBuilder offers slightly higher amounts than Square Capital from $5,000 to $500,000. The loan is also more customizable, allowing borrowers to choose their loan amount and term to adjust repayments.

Like Square Capital, LoanBuilder’s loans come with a flat fee and no interest payments. While this might make it easier to estimate your costs, it’s typically more expensive than paying interest and means you can’t save by paying off your loan early. To qualify, your business also has to meet tighter eligibility requirements, like making $42,000 a year, being at least one year in business and having a personal credit score of at least 550.

• Why we like it

  This online lender specializes in short-term loans for small and midsize businesses in a pinch. LoanBuilder offers slightly higher amounts than Square Capital from $5,000 to $500,000. The loan is also more customizable, allowing borrowers to choose their loan amount and term to adjust repayments.

  Like Square Capital, LoanBuilder’s loans come with a flat fee and no interest payments. While this might make it easier to estimate your costs, it’s typically more expensive than paying interest and means you can’t save by paying off your loan early. To qualify, your business also has to meet tighter eligibility requirements, like making $42,000 a year, being at least one year in business and having a personal credit score of at least 550.

• Pros and cons

  Pros

  • Personalized customer service
  • Choose your loan amount and term
  • Not limited to PayPal users
  • Loans up to $500,000
  • Funds in as little as one business day

  Cons

  • Higher minimum loan amount of $5,000
  • Weekly repayments
  • Higher annual revenue requirements

• More details

  Loan amount	$5,000 – $150,000
  APR	2.9% to 18.72%
  Min. Credit Score	580
  Loan term	17 to 52 weeks
  Requirements	Annual business revenue of $33,300+, 9+ months in business, at least 580 to 620 of personal credit score

This PayPal option is similar to Square: You borrow funds based on your PayPal transactions and then repay it plus a fixed fee through your PayPay sales. It’s one of the quickest financing options out there, potentially depositing funds in your account within minutes after applying.

Like with Square, PayPal Working Capital doesn’t involve a credit check or require your business to be around for a minimum amount of time. Applying is similarly painless — no documents involved — and PayPal lets business owners choose how much they want to borrow.

There is no minimum loan amount required, but first-timers are limited to borrowing 30% of their yearly PayPal sales or up to $300,000. After paying off your first two loan with a percentage of each PayPal sale, your business can potentially qualify for an even larger loan amount up to $125,000. Like Square, this type of financing only works with one point of sale system, so it’s not great if your business relies heavily on other types of payments.

• Why we like it

  This PayPal option is similar to Square: You borrow funds based on your PayPal transactions and then repay it plus a fixed fee through your PayPay sales. It’s one of the quickest financing options out there, potentially depositing funds in your account within minutes after applying.

  Like with Square, PayPal Working Capital doesn’t involve a credit check or require your business to be around for a minimum amount of time. Applying is similarly painless — no documents involved — and PayPal lets business owners choose how much they want to borrow.

  There is no minimum loan amount required, but first-timers are limited to borrowing 30% of their yearly PayPal sales or up to $300,000. After paying off your first two loan with a percentage of each PayPal sale, your business can potentially qualify for an even larger loan amount up to $125,000. Like Square, this type of financing only works with one point of sale system, so it’s not great if your business relies heavily on other types of payments.

• Pros and cons

  Pros

  • Funding in minutes
  • No credit check or documents required
  • No minimum loan amount
  • Choose how much you want to borrow

  Cons

  • Limited to PayPal payments
  • Repayments deducted from each sale

• More details

  Loan amount	$1,000 – $300,000
  APR	Fee based
  Loan term	Varies
  Requirements	Have a PayPal Premier or Business account for 3+ months and make $15,000 to $20 million in PayPal sales.

American Express Business Line of Credit is one of the most popular financing choices for small e-commerce businesses. If you’re having an off season or need continual financing, American Express Business Line of Credit might be a better fit than Square Capital. That’s because you’re less likely to qualify for a Square Capital loan if you don’t make regular sales — at least one a week on Square.

To qualify, you’ll need to have a min credit score of 660, be in business at least a year and have an average monthly revenue of at least $3,000, which is higher than Square Capital’s requirement.

Applying to open your credit line can take a few more minutes than getting funds through Square: You’ll actually fill out an application and link your business accounts. Unlike Square, it considers your personal credit score, though it doesn’t give it as much weight as more traditional lenders. And it can take up to three days to get your funds with American Express Business Line of Credit, as opposed to Square Capital’s one-day turnaround.

• Why we like it

  American Express Business Line of Credit is one of the most popular financing choices for small e-commerce businesses. If you’re having an off season or need continual financing, American Express Business Line of Credit might be a better fit than Square Capital. That’s because you’re less likely to qualify for a Square Capital loan if you don’t make regular sales — at least one a week on Square.

  To qualify, you’ll need to have a min credit score of 660, be in business at least a year and have an average monthly revenue of at least $3,000, which is higher than Square Capital’s requirement.

  Applying to open your credit line can take a few more minutes than getting funds through Square: You’ll actually fill out an application and link your business accounts. Unlike Square, it considers your personal credit score, though it doesn’t give it as much weight as more traditional lenders. And it can take up to three days to get your funds with American Express Business Line of Credit, as opposed to Square Capital’s one-day turnaround.

• Pros and cons

  Pros

  • Higher loan amounts
  • Monthly repayments

  Cons

  • Higher annual revenue requirements
  • Can't save by repaying early
  • Funds can take up to three business days

• More details

  Loan amount	$2,000 – $250,000
  APR	N/A
  Min. Credit Score	660
  Loan term	3-9% 6-months 6-18% 12-months 9-27% 18-months 12-18% 24-months
  Requirements	Minimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000

• Partner terms and conditions

  This information was collected independently by Finder.

Funding Circle could be a good alternative to Square Capital if your business wants to borrow a slightly larger amount with a longer loan term. Your business can borrow between $25,000 and $500,000 with up to 5 years to pay it off. These term loans come with competitive rates ranging from Starting at 7.49%. Merchant cash advances like those offered by Square tend to be more expensive.

Funding Circle is not great in an emergency since it can take more than five days to get your funds after you apply. It might not have a revenue requirement, but it’s more selective in other areas: Your business must be at least two years old and a part of an approved industry. Business owners must have a personal credit score of at least 620. Another drawback is that Funding Circle loans also come with a 4.49% to 10.49% origination fee, which comes directly from your loan amount when you apply. And some borrowers have also complained about getting robocalls from Funding Circle, even after they paid off their loan.

• Why we like it

  Funding Circle could be a good alternative to Square Capital if your business wants to borrow a slightly larger amount with a longer loan term. Your business can borrow between $25,000 and $500,000 with up to 5 years to pay it off. These term loans come with competitive rates ranging from Starting at 7.49%. Merchant cash advances like those offered by Square tend to be more expensive.

  Funding Circle is not great in an emergency since it can take more than five days to get your funds after you apply. It might not have a revenue requirement, but it’s more selective in other areas: Your business must be at least two years old and a part of an approved industry. Business owners must have a personal credit score of at least 620. Another drawback is that Funding Circle loans also come with a 4.49% to 10.49% origination fee, which comes directly from your loan amount when you apply. And some borrowers have also complained about getting robocalls from Funding Circle, even after they paid off their loan.

• Pros and cons

  Pros

  • Larger amounts up to $500,000
  • No minimum revenue requirements
  • Longer loan terms up to 5 years
  • Monthly repayments

  Cons

  • High loan minimum of $25,000
  • Origination fee
  • Takes at least five days to get funds
  • Personal information is shared with third parties
  • High-risk industries and startups won’t qualify

• More details

  Loan amount	$25,000 – $500,000
  APR	Not listed
  Min. Credit Score	660
  Loan term	6 months–5 years (term loans); 10–25 years (SBA 7(a))
  Requirements	660+ credit score, 2+ years in business, operates in an approved industry, no bankruptcies in the past 7 years.

Fora Financial is an online lender that offers short-term business loans and merchant cash advances. It’s a startup-friendly lender that offers a discount for paying off your loan early — up to 10 cents per dollar you owe.

Fora Financial’s loans run slightly higher than Square Capital, from $5,000 to $500,000. To qualify, you’ll need to make $12,000 a month and be in business for at least six months — stricter requirements than with Square Capital.

Getting funds from Fora might be faster than borrowing from a bank, but its three-day turnaround time is three times as long as Square Capital. Its merchant cash advances also come with a flat fee of 1.1 to 1.3 times the loan amount. With its term loans comes with a 2% to 4% origination fee. And while it offers benefits for paying off your loan early, being able to do so might be difficult with loan terms 6 to 15 months.

• Why we like it

  Fora Financial is an online lender that offers short-term business loans and merchant cash advances. It’s a startup-friendly lender that offers a discount for paying off your loan early — up to 10 cents per dollar you owe.

  Fora Financial’s loans run slightly higher than Square Capital, from $5,000 to $500,000. To qualify, you’ll need to make $12,000 a month and be in business for at least six months — stricter requirements than with Square Capital.

  Getting funds from Fora might be faster than borrowing from a bank, but its three-day turnaround time is three times as long as Square Capital. Its merchant cash advances also come with a flat fee of 1.1 to 1.3 times the loan amount. With its term loans comes with a 2% to 4% origination fee. And while it offers benefits for paying off your loan early, being able to do so might be difficult with loan terms 6 to 15 months.

• Pros and cons

  Pros

  • Discount for prepayment
  • Larger loan amounts up to $500,000
  • Choice of loan amounts

  Cons

  • Origination fee
  • Merchant cash advance can be expensive
  • Short loan terms
  • Higher revenue requirements

• More details

  Loan amount	$5,000 – $1,500,000
  APR	Factor rate of 1.05-1.5
  Min. Credit Score	570
  Loan term	4 to 18 months
  Requirements	6+ months in business, $240K+ annual revenue, 570 minimum credit score

OnDeck is a direct online business lender that offers two different kinds of financing: term loans and lines of credit. It uses alternative sources of data to review your application, so your credit score and net revenue aren’t the only things that matter on your application.

OnDeck offers a wider a range of loan amounts than Square Capital, with loans starting at $5,000 and topping off at $250,000. More than that, it’s received rave customer reviews on sites like the Better Business Bureau and Trustpilot — something Square Capital lacks.

OnDeck’s application is more involved than Square Capital’s, however. To qualify, your business must make at least $100,000 annually, be at least one year old and have a credit score of at least 500. However, the two providers do have the same turnaround time of one business day. OnDeck works with over 700 industries, including some that are considered high risk, including healthcare and restaurants.

• Why we like it

  OnDeck is a direct online business lender that offers two different kinds of financing: term loans and lines of credit. It uses alternative sources of data to review your application, so your credit score and net revenue aren’t the only things that matter on your application.

  OnDeck offers a wider a range of loan amounts than Square Capital, with loans starting at $5,000 and topping off at $250,000. More than that, it’s received rave customer reviews on sites like the Better Business Bureau and Trustpilot — something Square Capital lacks.

  OnDeck’s application is more involved than Square Capital’s, however. To qualify, your business must make at least $100,000 annually, be at least one year old and have a credit score of at least 500. However, the two providers do have the same turnaround time of one business day. OnDeck works with over 700 industries, including some that are considered high risk, including healthcare and restaurants.

• Pros and cons

  Pros

  • Higher loan amounts up to $250,000
  • Funds in as little as one business day
  • Positive customer reviews

  Cons

  • Origination fee
  • Not great for startups
  • Higher minimum loan amount of $5,000
  • Daily or weekly repayments
  • Higher annual revenue requirements

• More details

  Loan amount	$5,000 – $400,000
  APR	Not listed
  Min. Credit Score	625
  Loan term	12, 18, or 24 months
  Requirements	Companies in business at least 1 year, $100,000+ in gross annual revenue, majority owner with a 625+ personal credit score, active business checking account

Don’t have a lot of experience researching and comparing lenders? National Business Capital might be a good place to start looking for an alternative to Square Capital. This lender and connection service claims to connect 90% of people who fill out its online application with lenders that they might be eligible for.

Loan amounts run higher than Square Capital, from $10,000 to $5,000,000. Such a wide range of loans comes with a wide range of terms, from 6 to 120 months. Its eligibility requirements are stricter than Square Capital’s: You must make at least $180,000 a year and have been in business for six months.

It might take a little longer to get your funds, too — sometimes days. And while it offers startup funding in the form of a credit card, business owners must have a credit score of 680 to qualify. National Business Capital loans can also be a bit expensive, costing as much as 30 cents for every dollar you borrow.

• Why we like it

  Don’t have a lot of experience researching and comparing lenders? National Business Capital might be a good place to start looking for an alternative to Square Capital. This lender and connection service claims to connect 90% of people who fill out its online application with lenders that they might be eligible for.

  Loan amounts run higher than Square Capital, from $10,000 to $5,000,000. Such a wide range of loans comes with a wide range of terms, from 6 to 120 months. Its eligibility requirements are stricter than Square Capital’s: You must make at least $180,000 a year and have been in business for six months.

  It might take a little longer to get your funds, too — sometimes days. And while it offers startup funding in the form of a credit card, business owners must have a credit score of 680 to qualify. National Business Capital loans can also be a bit expensive, costing as much as 30 cents for every dollar you borrow.

• Pros and cons

  Pros

  • Compare multiple lenders at once
  • Higher loan amounts up to $5,000,000
  • Wider range of loan terms
  • High approval rate

  Cons

  • Can take days to get your funds
  • Can be expensive
  • High minimum loan amount of $10,000
  • Higher annual revenue requirements
  • Personal information could be shared with third parties

• More details

  Loan amount	$100,000 – $10,000,000
  APR	Varies by lender
  Min. Credit Score	700
  Loan term	6 to 120 months
  Requirements	700+ FICO score, 1+ Year in Business, $500,000 in Annual Revenue