Clover Small Business Loans Review

Rating: 7.9 / 10 (Very good)
Disclosure: We receive advertising revenue from this partner. 
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Clover Business Loans is a Canadian company that matches small business owners with their extensive network of lenders. On average, borrowers can obtain funding between 2 days and 2 weeks. Amounts vary from $1,000 and can reach $2 million. Clover's service is completely free, but does require a minimum credit score of 550.

How is Clover rated?


Loan Options
Application Process
Rates & Fees

Overall Rating: 7.9 / 10 (Very good)

Clover is not a lender, but an online aggregator that connects borrowers with business term loan providers. They feature a high maximum of $2,000,000, though many of their affiliates cannot provide this and it is generally reserved for only the most well qualified applicants. The company offers virtually no information on partner lenders, APRs, or associated loan fees. What's more, most likely due to the fact the company is young, there is not anything in the way of online customer feedback.

Loan Options

Available Loan Types

SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Term Loans

Min Loan Amount
Max Loan Amount
Repayment Terms
Repayment terms will depend on the lender.

Loan Options - 8 / 10

Clover is an online marketplace that provides access to small business term loan providers. Loan amounts range from $1,000 - $2,000,000. However, repayment terms vary according to the lender Clover ultimately pairs you with.

Clover Rates & Fees

SBA Loans


Rates & Fees - 8.5 / 10

As Clover is an online marketplace, term loan fees, as well as APRs, vary depending on the chosen lender.

Application & Qualifications

Online Application
Approval Time
Funding Time
2 days - 2 weeks
Min. Years In Business
1 year(s)
Min. Annual Revenue
Min. Credit Score
Additional Qualification Requirements
No Recent Bankruptcies

Application Process - 7 / 10

Clover's online application process can see potential borrowers getting approval in minutes, and funded in as little as 2 days, or as much as 2 weeks. The company requires 1 year in business, a credit score of 550, and a minimum annual revenue of only $10,000. These requirements are quite lenient in comparison to other small business loan providers.

Clover Reputation

Customer Feedback

Date Collected

Reputation - 8 / 10

Clover Business Loans does not have much in the way of customer reviews online. There is no Trustpilot score or BBB entry.

Contact & Additional Information

Homepage URL
Company Phone
(905) 233-7267
Headquarters Address
Suite 215, Abbey Plaza, 1500 Upper Middle Road West, Oakville, Ontario L6M 0C2, Canada

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Our Partner
7.9 / 10
  • Small business loans from $1,000 up to $500,000
  • Shop from multiple lenders
  • As quick as same day for loan approvals
  • Free loan matching service
  • Minimum 550 credit score
  • Get qualified in just minutes
  • 3 step loan application