Clover Capital


Clover Capital

It’s easier than ever to get the cash you need to build your business. The Clover Capital program helps you by turning your future credit card sales into working capital. Imagine what that could mean for your business. You can upgrade or purchase new equipment, make renovations, expand your business, purchase inventory and much more.


Benefits for Business

With a simple, one page application form and no application fees, you can make use of cash 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 small percentage of your daily credit card sales withheld to repay the cash advance. This percentage is automatically taken from your daily credit card processing settlements with BASYS Processing.


You have complete flexibility on putting your cash advance funds to work:

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


Key Components

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

Program FAQs

How does Clover Capital work?
  • • 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 BASYS Processing each day.
How do I know if my business is qualified?

• Six months in business
• Currently processing with BASYS Processing
• At least $1,000 a month in V/MC processing; no months under $1,000
• Must batch a minimum of once every three days (Batch at least 10 times a month)
• Not on restricted industry list
• No open or dismissed bankruptcies within the last 24 months
• Alliance not with PNC, Wells Fargo, Bank of America (BOA/BAMS) or SunTrust.

What materials and/or documents do I need to apply?

• Signed application
• Six months processing statements (new-to-FD only)
• Copy of unexpired Driver’s License
• 2 most recent bank statements, only if requesting $25,000 or more
• 2 most recent tax returns, requesting $75,000 or more

How long does it take to get approved?
  • • 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.
What can I use Clover Capital for?
  • • The advance can be used for any legitimate expense to help grow your business.
How do I make payments?
  • • 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%)
Is there a penalty for paying the balance off early?
  • • There is no penalty for paying off the balance early.
Do I need to process credit cards with BASYS Processing?
  • • Yes, credit card processing must go through BASYS Processing.
How do I determine my outstanding balance?
  • • The merchant will need to call the First Data MCA customer service team at 1-855-205-6712 or email


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