eBay and Square Capital on Tuesday announced a partnership to provide eBay sellers in the United States with access to business financing of up to US$100,000. The funds can be made available in as little as one day.
Square Capital will email select eBay sellers invitations to apply for a loan in Q3, the companies said. Square will determine eligibility and risk, and determine the size of the loan offered.
Loans will be issued by Celtic Bank, based in Salt Lake City, Utah.
