b and 6 ease use the following information to answer questions financing day to day operations while growing ther mall businesses do not have access to the large scale cheap financing options that big corporations have. In fact usiness can be a real to take credit cards by swiping customer credit cards using a small square device attached to the audi gare, the mobile payments companyakws small businesses ack found on mobile devices ounder Jack Dorsey (also Twitter's CEQ) for more details ending money to its customers through its Square Capital program. Please, watch an interview (2 min) with Square co Essentally, the business owner clicks on a link in the Square Capital app to let Square know that the business would like to borrow a certain amount of money Squar Captal cals this step requesting capital The next morning, the funds are deposited in the checking account of that business. The business pays Square back the funds by having a certain percentage of each day's receipts deducted for the payback f a business wants to borrow $10,000, Square might charge a total of $11,300 for the loan Upon approval, the $10,000 is deposited into the business's account the next day and then Square charges 11% of the busness's credit card sales each day until the $11,130 s ful pad Square says that the ad anta For e of this percentage-of sales method is that the business does not have to make large payments when business is slow. The percentage that Square charges stays constant unbl the loan is paid off fuly e determines the amount to be charged for the loan and the percentage to be charged each day using data analytics Each Square account has potentally diflerent terms based on its history and trends By the end of 2016, Square has lent S1 bil on n cash advances and loans to more than 100 000 businesses. 92% o Square Capital loans were for amounts under $50,000, with the majority of loans originating from merchants in the Southwest and West parts of the United States The average loan size was $6,000 In the e plegen, the bus rate charged? s$10,000 and pays back$11,130 by paying 1196 of its redit card receipts each day until pad in fulls the 11% the ess bom terest A No B Yes