Square Capital Early Repayment bonus?

pzenisek · ‎08-22-2017

I just got offered my first Square Capital letter, and I'm confirming that there is no early payment bonus. Example - I decide to pay off the whole loan in 6 months, but my fees would not shrink. Unlik a traditional loan I am agreeing to all fees up front and there is no bonus to me if I pay off the loan early. Am I correct in this assumption?

ecantiques5 · ‎08-23-2017

That is absolutely correct the upfront fee, ( cost Square charges to extend capital to you) is set. Paying off early though would remove the payback percentage of your daily sales that goes towards repaying the capital. Congratulations on your offer!