Square loans do they need to be reported to the irs when filing?

Loans you take out (for any reason)  are never reported on an INCOME tax return since they are not income. 

Money you borrow is not reported on a tax return. However, depending on the loan and purpose for that loan, the interest may be deductible.  For example, if it's a loan for business needs (note "needs", not "wants") then the interest paid by the business you own may be deductible as a business expense.