Now Enabled for all existing and new Clover Merchants
With the Clover Capital cash advance program, your merchants can turn their future credit cards sales into working capital with clear and easy payback terms - so they can easily gain access to the funds they need to upgrade their equipment, pay invoices, hire new employees, and so much more!
Over the next month, we will automatically notify Clover merchants that are eligible for Clover Capital advances
Clover capital can provide between $5,000- $1,000,000 in working capital.
Applying for Clover Capital is easy. Simply fill out an application, and once you are approved a small, fixed percentage of your daily credit card sales are used to repay the cash advance.
Your business may qualify if:
The process is fairly quick. Once we have received all of your documentation, you could be approved in as little as 3-5 business days
Clover Capital can be used for any expense that will help you grow your business.
Payments are taken directly from your daily credit card sales.
No, there is no penalty for paying off the balance early. In fact, once you pay 50% of the balance off you can even apply for an additional Cash Advance.
Yes, you need to be processing through Direct Processing Network.
To determine your outstanding balance, you can call the First Data MCA customer service team at 1-855-205-6712 or send an email to firstdatamca@firstdata.com.
