Clover Capital with VMS isn’t a loan—so there’s no interest rate. Instead, we purchase a portion of your future credit card sales at a discounted amount today. You get quick access to capital without the hassle of traditional loans, and repayment happens automatically as you process transactions.

There’s no fixed payback schedule with Clover Capital through VMS. Instead, repayment is based on a small percentage of your daily credit card sales. That means if your sales slow down, your repayment slows down too—making it a flexible solution that works with the natural flow of your business.

The percentage of daily credit card sales collected typically ranges from 8% to 20%, depending on how much funding you request compared to your monthly sales volume. Our goal is to provide flexible access to capital without disrupting your cash flow—so repayment adjusts with your business activity.

Your funding amount is typically based on your monthly credit card processing volume. In most cases, you can qualify for up to 100% of your average monthly sales. The more you process, the more capital you may be eligible to receive.

Bad credit won’t automatically disqualify you. While credit is one factor in the approval process, Clover Capital focuses more on your business’s card processing history and overall performance. Many merchants with less-than-perfect credit still qualify for funding.

There’s no prepayment penalty—you can pay off your balance early without any extra fees or charges. It’s a flexible funding solution designed to work on your terms.

Once we have all the required documentation, funding can be approved and deposited in as little as 72 hours. It’s a fast, streamlined process designed to get you the capital you need—right when you need it.

If we don’t already have recent credit information from your merchant processing application, we may need to pull your credit. However, we only perform a soft credit check, which does not impact your credit score. This allows us to verify key details without affecting your personal or business credit.

In most cases, you’ll need to use a portion of the new funds to pay down your existing obligation before being approved for additional capital. However, in certain situations, a second-position advance may be considered, depending on your business’s cash flow and credit profile.

Yes, you can request a new Working Capital advance once you’ve repaid at least 60% of your current advance (for amounts over $5,000). However, you cannot have multiple active advances under the same merchant ID at the same time.

Working Capital advances are typically more expensive because they’re unsecured—they don’t require collateral or a personal guarantee. This makes them higher risk for the provider compared to traditional loans. To offset that risk, a discount rate is applied to your future receivables. While the cost may be higher, the tradeoff is faster access, flexible repayment, and fewer requirements.

No, there are no hidden fees. The terms are fully transparent from the start. However, if you have an active Working Capital advance, you are required to continue processing payments with VMS. Switching providers while an advance is still open would be considered a breach of the agreement.

No. A Working Capital advance is not a loan and does not require a personal guarantee, so your personal assets are not at risk. However, the provider may file a UCC (Uniform Commercial Code) notice, which simply informs other creditors of their position. In the event of a business liquidation, this filing allows them to participate in any available proceeds—but it does not give them the right to seize assets directly.

Velocity Merchant Funding offers customized funding solutions tailored to your business needs—not just your credit card sales. You can access anywhere from $3,000 to $250,000 based on your total revenue. Once approved, funds are typically deposited within just a few days—giving you fast, flexible capital to grow, manage cash flow, or handle unexpected expenses.

Getting funding through Velocity Merchant Funding is fast and straightforward. To qualify, you’ll need at least six months of documented business revenue—not just credit card processing. Your approval amount is based on the overall strength of your business, so the more revenue you generate, the more capital you may receive.
The application process is simple, with minimal paperwork and funding typically delivered in just a few days.

You can typically receive pre-approval within 24 hours. Once approved and all required documents are submitted, funding can be completed in as little as 72 hours, depending on the transaction size and how quickly paperwork is finalized.

No, it’s not a loan. Velocity Merchant Funding is a purchase of your future credit card receivables, not a traditional debt product. That means no interest rates, no collateral, and no personal guarantee required.
Velocity Merchant Services works with a network of funding providers to secure the best possible deal for your business—with faster approvals and more flexible terms than most bank loans or SBA options.