The Capvera glossary

The multiplier applied to the advance to get the purchased amount. Typically 1.15–1.55 on an MCA. It is not an APR.

The percentage of daily card sales withheld to repay an advance. This is how an MCA collects.

What the merchant receives up front.

What the merchant repays in total — advance amount multiplied by the factor rate.

The funder's letter grade for a file. It drives pricing, terms, and which funders will look at it.

One outstanding advance against the business. First position means first in line.

Taking on additional positions while existing ones are open. Sometimes necessary, always a burden.

The percentage of revenue already going out to existing payments. The higher it is, the less room you have.

The lien filing a funder places on business assets. It is how positions are publicly tracked.

The additional items a funder requires before funding. Miss one and the deal stalls at the finish line.

A new advance offered to a merchant with a performing position. How a funded file climbs.

Non-sufficient funds — a payment that bounced. A handful is a conversation; a pattern is a decline.

Days the account balance went below zero. One of the fastest ways to kill a file.

The typical balance the account carries. Funders read it as a cushion against slow weeks.

Revenue after off-rail and non-business noise is stripped out — what the business actually earns.

How evenly money lands month over month. Steady beats spiky almost every time.

The share of deposits that is not real business revenue — transfers, loans, personal money.

Deposits landing directly into the account from real payers, with nothing unusual around them.

A check marked VOID used to confirm the business's account and routing details. Part of the holy trinity.

Bankable today. On-rail deposits, consistent revenue, healthy balances, room left in the cash flow.

Real business, not bankable yet. Needs the rails installed and seasoned before it can fund.

Money that never touches a bank account we can read — cash, unreported checks, personal payment apps.

The 30–60 days of clean deposits that turn a build file into a fundable one.

The processing setup, usually Clover, that puts card volume on the statement where it counts.

The share of processing revenue that comes back to the merchant. Ours is 50%.

Statements or processing statements, voided check, and driver's license. Every file, every time.

The stack check that decides whether a file is ready to fund or needs to be built.

The completed package sent to a senior advisor — eight items, ending with your build-or-fund call and the reason.

An advance against future revenue repaid as a percentage of daily card sales. Factor 1.15–1.55, 24–72 hours, bank-statement driven.

A percentage of each card batch split off automatically at the processor until the balance is retired. Multi-funder split lets more than one funder share the split.

Fixed payment over a fixed term. The most predictable structure available, priced above SBA and far faster than it.

Approved once, drawn when needed, paid for only when used. Good for seasonal and inventory-driven businesses.

Funds a specific machine, vehicle or build-out. The asset supports the approval and secures the deal.

Multiple 0% intro cards opened in the same window and sequenced into working capital. Credit-driven, not revenue-driven.

Government-backed lending with the longest terms and lowest rates — and the slowest, heaviest file process.

The SBA route built for fixed assets, most often real estate and large equipment. Same long timeline.

Capital sourced through partner relationships when a file does not fit our direct programs.

The monthly equipment price on a Clover lease, quoted by term — 24, 36 or 48 months. Every device has three numbers, and the longest term is not always the cheapest.

$218/month at 24 months, $129 at 36 months, $225 at 48 months. Always quote the term alongside the price.

Applies if the merchant commits fraud or misrepresentation at any point up to lease end. Zero clawback once 90 days of payments are made on time.

Capvera's internal call on every new lease. Part of the process, and your documentation that the merchant understood what they signed.

The leasing side of the Clover program. Billing schedule and clawback terms live here, not with Clover.

An alternative processing structure that presents a cash price and a card price at the point of sale.