Benefits of a Small Business Merchant Cash Advance

With a simple, one-page application form and no application fees, you can make use of small business advance funds in as little as 3-5 days. We qualify your business for an advance amount based on your average monthly Visa/Mastercard processing.

Rather than make set payments on a monthly basis, you agree to have a tiny percentage of your daily credit card sales withheld to repay the small business cash advance. This percentage is automatically taken from your daily credit card processing settlements with First Data.

You have complete flexibility when putting your small business merchant cash advance funds to work:

  • Renovate
  • Expand
  • Website Development
  • Working Capital
  • Replenish Inventory
  • Upgrade Equipment
  • Advertise / Promotions

With a small business cash advance, the possibilities are endless. You can continuously expand your operations, tap new markets, and secure more customers – all without incurring any direct out-of-pocket expenses.

If you’re looking to take your organization to the next level, a small business merchant cash advance is the simplest and most affordable way to get started.

 

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Small Business Cash Advance: Key Components

It can take months of paperwork and approvals to qualify for a traditional bank loan. Financing major expansions with a corporate credit card introduces expensive interest charges that can follow you for years.

By contrast, applying for (and servicing) a Clover Capital small business advance is easy and affordable:

  • Get approved quickly with minimal documentation required
  • High approval rates with each small business cash advance
  • Receive funds in as little as 3-5 days with a merchant advance
  • Repay the advance daily through your merchant processing
  • Opportunity to renew your cash advance for additional funds

With Clover Capital, it doesn’t matter whether sales slow down or go through the roof in any given month – your small business cash advance obligation always remains manageable. That’s because every repayment is based on a percentage of transactional volume to ensure you never have to dig into your pockets.

Every business needs cash flow to survive – and external financing to grow. With a Clover Capital small business advance, you enjoy the best of both worlds.

Learn more about Clover Capital today. To contact a Business Consultant, call 1-855-205-6712 toll-free or send an email to fdcashadvance@firstdata.com.

Small Business Cash Advance FAQs

  • Simply sign a Clover Capital contract, agreeing to sell a portion of your future credit card sales at a discount and receive a lump sum cash payment.
  • A small, fixed percentage of your credit card sales are withheld to repay the Cash Advance during your standard settlement process with First Data each day.
  • Signed application
  • Six most recent merchant processing statements
  • Two most recent bank statements.   All pages are required.
  • Copy of state-issued driver’s license or passport

Once all documentation is received, clients can be approved in as little as 3-5 business days.

The advance can be used for any legitimate expense to help grow your business.

The advance can be used for any legitimate expense to help grow your business.

Payments are taken directly from your daily MasterCard and Visa credit card deposits. The daily withhold percentage is based on your credit card volume. (Typically ranging between 10% to 20%)