Square Expands Lending Access To More Sellers
Square said in a March 27 press release that it improved underwriting models to better assess sellers with non-standard revenue patterns, enabling it to offer Square Loans to project-based earners, seasonal operators and new-to-Square businesses. The company said it is extending credit offers to over 50% more sellers, leveraging real-time transaction data and machine learning to broaden small-business credit access.
Scoring Rationale
Official ML-driven underwriting expansion increases credit access, but relies on company press release with limited external validation.
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Sources
- Read OriginalSquare Boosts Lending by Catering to Non-Standard Businessespymnts.com
