Janelle had tried other funding instruments before – she had taken out a SBA loan to buy a mobile grooming van, and managed to secure a small PPP loan as well. But unlike loans, she learned, Clover Capital doesn’t require mountains of paperwork. Clover can see her past sales, so funds are approved based on that information.

The amount of each Clover Capital repayment scales up or down based on Janelle’s daily sales (after tips). Since Clover processes all her transactions, it automatically takes out 15 percent for Clover Capital repayment before sending her the proceeds of each day’s sales. “I’m not stressed paying it back because it’s automatically taken out,” she says, adding that “it allows me to use that cash flow to grow my business.”

Janelle has grown to appreciate Clover Capital so much that she has used it continuously for about the past five years. It has allowed her to buy inventory, pay for advertising, add a fence on the side of her building – and treat her six employees to monthly outings. These outings are based on staff suggestions and have included trips to Dave and Buster’s, and Applebee’s. She says it allows them to let their hair down and get to know each other outside the workplace.

More importantly, Clover Capital enables Janelle to fund the business on a consistent basis rather than applying for one-off cash infusions. “If I did not have the Clover Capital, I would use my credit card, (something I want to avoid),” Janelle explains. “I’m in a better place because of Clover Capital.”

Janelle also appreciates the detailed reports she receives every morning that show how much money she brought in from sales and tips and how much Clover has deducted for processing fees as well as Clover Capital interest and repayments. Her tax advisor appreciates the detailed reports, too. As she considers opening a second location, she says she’ll definitely continue using her favorite POS system. “I’m never leaving Clover,” she says. “I just love it.”