Do not take funding from CLOVER ADVANCE - Merchant Cash Advance Funding Company
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  1. #1
    Senior Member Reputation points: 66013 TheConfidentBroker's Avatar
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    Do not take funding from CLOVER ADVANCE - Merchant Cash Advance Funding Company

    Clover Advance is a high-risk company in the Merchant Cash Advance Industry that is operating on false pretenses and deceptive practices. Merchants are being funded with 20% FEES taken from the funding amount, overleveraging accounts, and making it impossible for merchants to "get out" of their situation and being told to renew as a result.

    Merchant payments are being pulled 10+ days after the end of their payment terms and the Merchants are not able to reach out to anyone until the fund is willing to extend another advance to them.

    There is no website or address for Clover Advance> https://www.bizapedia.com/ny/clover-...group-llc.html shows reviews and shows the registered agent as:

    Tawil Tax And Accounting Solutions
    7 Sherwood Drive
    Lakewood, NJ 08701

  2. #2
    Senior Member Reputation points: 4599
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    They need to shut down.. how horrible for the merchant.. thank you for sharing this.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  3. #3
    Senior Member Reputation points: 16876 fundinggrasshopper's Avatar
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    bump - screw these guys!!

  4. #4
    Senior Member Reputation points: 307559
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    all the underwrites on this site , no one can pull up for us who the real owner or company is

  5. #5
    Quote Originally Posted by Michael I View Post
    all the underwrites on this site , no one can pull up for us who the real owner or company is
    It's worse than just the 30% fees, they also send fake loc docs and make the merchant pay off early with fees and still keep pulling payments bc the merchant thinks he's getting a great loc, it's just a scam from beginning to end, the merchants really need to call the bank which Clover uses to fund and get them shut down and get all their money back

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