
Square working capital has become a joke
2k loan fee for 15k capital and 14k loan fee for 106k. How does that work? Last year we purchased 20k in equipment with a 1,300 loan fee. This year I took a business credit card with 2.5% cash back instead. Square needs to get back to its working capital roots and stop assuming we are all desperate. Also if you are considering this level of thievery you need to shop around. Your local economic development organization or IDA likely has revolving loans at 1.5 - 3% for small biz.