Square Originated $508M in Business Loans in Q1

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Square Capital, Square’s business lending arm, originated 70,000 small business loans for a total of $508 million last quarter, according to their recent earnings report.

As a payments company first, Square processed $22.6 billion in gross payment volume in Q1 and generated a net loss of $38 million on $959 million in revenue.

Last modified: May 1, 2019

Category: Business Lending


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