SQUARE AND EBAY PARTNER ON MERCHANT FINANCING: Square and eBay are partnering to offer loans of up to $100,000 to eBay’s online sellers through Square Capital, Square’s lending segment, according to Bloomberg. This partnership marks a significant opportunity for Square to bolster Square Capital, which is becoming an increasingly important division for the firm — Square Capital issued 50,000 loans totaling $339 million in Q1 2018 alone, a 35% annual increase — as it’s a top driver of the firm’s subscription- and services-based segment. Square’s been working to build out this segment because it’s an important profit driver for the company, even as it scales. And pursuing high-volume partnerships like this, where the firm can leverage a large network of potential sellers that might have previously lacked financing, is an effective way for Square Capital to grow. Small business loans are at an all-time high, and other major players have moved into the space — Amazon has provided more than $3 billion in loans to more than 20,000 small- and medium-sized businesses (SMBs) that sell on its website since it began offering loans in 2011 — so pushing into the space could help keep Square competitive.