Questions, answered straight
The things businesses most often ask before booking a call. If yours isn't here, ask on the call.
Will checking my options impact my credit score?
Reviewing potential options typically does not require a hard credit pull up front—it's a soft inquiry that won't affect your credit score. A hard inquiry may be used later if you choose to move forward with an offer.
Does funding ever require a hard credit pull?
It can. Checking and comparing options is a soft inquiry, but finalizing funding may require additional documentation and a hard credit inquiry depending on the lender and product. We'll tell you before that happens.
How quickly can funding happen?
Timelines vary by product, your business profile, and the documentation needed. We focus on a quick, streamlined process, but we don't quote a guaranteed turnaround—your specialist will give you a realistic expectation for your situation.
Is Clover a bank or direct lender?
No. Clover Business Lending operates as a funding marketplace/broker that helps businesses access and compare funding options. We are not a bank or direct lender unless stated otherwise in writing.
Are you guaranteeing I'll be approved?
No. Meeting the common qualifiers helps set expectations, but final approval depends on underwriting and program fit. Some industries may be restricted.
What documents are usually needed?
Commonly requested items include a government-issued ID, recent business bank statements, and basic business details. Additional documentation may be requested during review.
Are there prepayment penalties?
It depends on the specific product and offer. Any applicable fees and early-payoff details are disclosed clearly before you sign.
What does booking a call commit me to?
Nothing. The call is a soft-pull review to explore options. It is not an application for credit and is not a commitment to lend on either side.
See what you qualify for—without the runaround.
Start with a soft-pull review. We'll guide you to best-fit programs and clear next steps.