Business Insider -
8 Sep 2017 02:08

Shardayyy/Flickr Payment-processing company Square plans to apply to form an industrial bank that will offer services to small businesses, including lending and deposit accounts. The small-business lending market in the United States is estimated to be worth $186 billion, and if Square is able to capture a significant share, its profits could get a major boost. Square's banking plans Square plans to submit an application in Utah to form a banking unit, which would be called Square Financial Serv...
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