How Big Could Square's Lending Business Get?
Square's (NYSE: SQ) primary business is facilitating credit and debit card transactions for small businesses, but there's a lot more to the company than that. One relatively new component of Square's small-business ecosystem is its Square Capital lending platform, which has grown by 68% over the past year alone and may be just scratching the surface of its potential.
Square Capital is Square's small-business lending platform that makes loans in amounts ranging from $500 to $100,000.
Square Capital allows merchants to borrow money based on their sales. Image source: Square.
Source: Fool.com
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