What does Square Financial Services do?

Written by Editorial Team | Last Updated: August 2026

Square Financial Services, Inc., operates as a Utah-chartered industrial bank owned by Block, Inc., providing commercial banking and financial products tailored specifically for small businesses and merchants utilizing the Square ecosystem. The bank offers business loans, merchant cash advances, and deposit accounts, enabling small business owners to access working capital quickly and manage cash flows efficiently. By operating its own chartered banking subsidiary, Block integrates financial lending and depository services directly into its merchant platform, streamlining credit access for thousands of entrepreneurs across the United States.

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