Jim Cramer sits down with Jackie Reses, the head of Square Inc.'s Square Capital, to discuss how the lending arm is helping businesses that have trouble getting traditional loans.
Square Capital, the lending arm of Square Inc., has taken advantage of a market of small- and medium-sized businesses that lack access to traditional financing, the subsidiary's head Jackie Reses told CNBC Tuesday.
"I think one of the unique differentiators of our product is that we can see the data that comes across payments," she said. Square also offers clients point of sale software."So we can see the success of these businesses like restaurants who've historically been left out of the financial system because of the type of business that they are."
Square's point-of-sale system gives them more details about a firm that a bank or other traditional lenders can't see.
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