London, United Kingdom — Square, the global technology company within Block, Inc., today announced the UK launch of Square Cash Advance, giving eligible small and medium‑sized businesses access to fast, flexible funding with a simple upfront cost and automated repayments that flex with sales.
Fast, Flexible Funding — No Interest, No Credit Checks
Businesses can apply in a few clicks and, once approved, receive funds quickly. Repayments are taken automatically as a fixed percentage of future card sales, adjusting with daily takings so that payments are lower on slower days and higher when business is strong. Funds can be used for a wide range of business purposes such as inventory, equipment upgrades, marketing, or operating expenses, and are not for personal, household, or family use.
Designed Around Cash Flow
Cash flow remains one of the biggest barriers to growth for UK small businesses. By aligning repayments with revenue, Square Cash Advance is designed to help owners smooth cash flow, seize opportunities, and manage day‑to‑day operations with fewer financing frictions.
What Sellers Are Saying
“Square Cash Advance has transformed the way our business operates. I am usually very risk averse… but with easy access to funding with Square Cash Advance, I’m able to make improvements and grow my business without risk, since repayments come from my card sales.”
— Michael Sayward, Founder of Millie & Mini
Leadership Commentary
“We know that the number one reason small businesses fail in the UK is due to issues with cash flow. This product takes that pressure away by providing our sellers with access to the funds they can use to run and unlock future growth in their business and be much better set up for success. We’re super excited to be introducing it to the UK to join our ecosystem of products and services.”
— Samina Hussain‑Letch, Executive Director, Square UK
How It Works
- Eligibility & offer: Eligible sellers may see a personalised offer in their Square Dashboard.
- Single upfront cost: No interest or compounding; a transparent, fixed fee is shown before acceptance.
- Automated repayments: A fixed percentage of gross daily card sales (including tips and VAT) is withheld automatically starting shortly after funding until the advance is repaid.
- No personal guarantees or credit checks: Cash Advance is not a traditional credit product and does not impact business credit scores.
About Square
Square helps sellers of all sizes run and grow their businesses with an integrated ecosystem of commerce, banking, and staff solutions—including payments, POS, invoices, appointments, payroll, and access to funding with Square Cash Advance. Square is part of Block, Inc.
