Square to apply for charter to form an industrial loan company, Square Financial Services, which will be capitalized with $56M in cash, chaired by Jackie Reses (Peter Rudegeair/Wall Street Journal)

Square to apply for charter to form an industrial loan company, Square Financial Services, which will be capitalized with $56M in cash, chaired by Jackie Reses (Peter Rudegeair/Wall Street Journal)

Peter Rudegeair / Wall Street Journal:
Square to apply for charter to form an industrial loan company, Square Financial Services, which will be capitalized with $56M in cash, chaired by Jackie Reses  —  The planned unit would offer loans and deposit accounts to small businesses and be capitalized with $56 million in cash

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