iTWire Thursday, 15 April 2021 12:22 Square to roll out lending program for Australian market
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Card payments company Square is set to roll out Square Loans in Australia, a program designed to help small businesses grow by giving them quick and simple access to funds.
Square says Australia will be the first global market, outside of the US, where it will launch its lending product.
“It’s no secret that small businesses in Australia have historically faced huge hurdles when it comes to accessing formal forms of funding,”
said Samina Hussain-Letch, Head of Industry & Payments at Square Australia
. “They’re often forced to pour over piles of paperwork, provide years of financial information, and put up personal guarantees that can be riddled with red tape.”