To leave a review you need to be logged in
Reviews 338
Maxwell Waggoner
Dec 03,2020It's been great working with Mike Deeks, Shane Feldberg the rest of the Clearbanc team. Their transparency, flexibility, and expertise made it easy to find the right solution for inventory financing and accelerate our business growth.
FergustheScot
Dec 01,2020My overall experience with Clearbanc has been underwhelming. The primary reason is Clearbanc presents itself not only as a source of funding but as a resource to help entrepreneurs to grow their businesses. That simply isn't the reality. The 3rd party resources offered aren't responsive even when being 'curated' with direct introductions from Clearbanc, and when finally tracked down they don't offer price points reflective of start-up reality. Clearbanc now faces competition (eg. Shopify) and has altered some components of their offering. In short, if you need money, it can be a helpful service, but do not believe the hype/marketing they can and will provide additional information, resources, data or access to expertise to help you grow your company.
Derrick Mains
Nov 30,2020As a fast growing business access to capital to help with cash flow is essential to continued growth. Fortunately we found Clearbanc to assist in our growth. We have used Clearbanc in the past as part of their revenue sharing program and recently got working with Micheal Deeks from their inventory team with great success. We continue to use Clearbanc and have found them not only responsive and open about their process but quick to act and really open to candid conversations on how they can continue to create new offerings that will help us and others grow. Usually when dealing with a bank there is a lot of formality and hoops to jump through but working Micheal, Nathan Ford and Ivan Serrano has been a real pleasure and we look forward to a long term relationship using their existing products as well as others in the pipeline.
Catharine Arnston
Nov 29,2020I am very impressed with Clearbanc Capital and our Sales Supervisor Mike Deeks. Their commitment to their clients is extraordinary and rare. I am the Founder/CEO of a small, innovative wellness/nutrition company based in Boston called ENERGYbits. We sell algae tablets and are "first to market" and self funded. All small companies have challenges finding growth capital but in 2020 it was even more difficult due to COVID and because we are building an industry at the same time as we are building our company. Our future success would have taken longer and been more difficult if it hadn't been for Mike Deeks and Clearbanc. Mike's willingness and commitment to identify financial solutions that would work for us was extraordinary. He went out of his way to explain our options, helped us identify which ones made the most sense for us. He also listened to our feedback when there was a challenge and he quickly resolved it for us. Mike's honesty and financial expertise is unique and so are the financing tools provided by ClearBanc. They made our growth capital needs easy to achieve. That's why we have returned to Mike and Clearbanc numerous times for additional rounds of operating capital. We are grateful to Mike for continuing to look after our capital needs and look forward to being a client for many years to come.
Samuel Gherman
Nov 29,2020I am currently a customer with Clearbanc and will be for the foreseeable future. I have a lot to say about my experience with them, as they have been instrumental in the success of my app. They are amazing not just because of what they do, but also the people that work with you are amazing. I literally could not have gotten to the top of the app store charts, and quit my day job, without their help. They gave me funding when no one else would, and I tried a lot of banks with a more traditional route. Basically anywhere that will lend you money looks at historically how much money you have made. This makes a lot of sense, but if you are a company with an insane growth rate, or you are just starting out you have no history, you will never get the money you need. I ended up taking out several credit cards before finding Clearbanc, because that was the only place I could get money quickly. Clearbanc looks at your accounts receivable instead of what you made over the past year. My story is that I am the creator of an app that just kind of blew up overnight. I needed funding to maintain my growth until my accounts receivable came in from the App store. At first the offer they gave me wasn't that great and I was a little hesitant. Once Apple posted my accounts receivable and the date I was going to get paid, my offer from Clearbanc was phenomenal, like really ridiculously good. So, if you aren't getting a deal that you really like you may just need to a wait a little bit. That being said at first they weren't offering me the amount that I needed, but I took it anyway. After about 2 weeks when I used up all my funding they made me another offer, which I took, and then when that was used up they made another. So don't be disappointed if you aren't getting the amount you are asking for right away because they frequently give you new offers as you build up your credibility with them. Also, the way you pay them back is especially great. If you aren't familiar with the way it works they take a percentage of your revenues when you get paid. That is the biggest, most amazing thing about the way this works. For me, I don't have a ton of overhead, I just needed to work out timing of being able to pay the cost of advertising on Facebook and Google. Facebook and Google charge you right away, the app store basically doesn't pay you for 1 to 2 months. So I needed something to bridge that gap. Being that you are being charged a flat rate, and not interest, if you take a year to pay off the loan or a month, it doesn't matter because there is no compounding, and repayment is based off what you made. Finally, the people I worked with, literally everyone is amazing. The team that onboarded me was great, and the guy that handles my account is just next level amazing. Not only is my account manager, Maury, there to help me with my account, but he is genuinely invested in helping my app grow. We had a call the other day where we just went over UI/UX experience of my app and brainstormed ways to improve it. Overall these guys are just fantastic, I cannot recommend them enough.
Doc AGH
Nov 27,2020Getting the capital you need to scale your business can feel almost impossible at times. Clearbanc has made it easy and readily available to growing businesses. Daniyal is a champion for my business and really goes above and beyond to help me get the funding I need, right when I need it most. I cannot say enough great things about Daniyal and the Clearbanc team. Thank you for helping small business owners like me live our dreams of being a successful entrepreneur!
Leo V.
Nov 24,2020Clearbanc has enabled us to scale quickly and efficiently in a short period of time. By supporting both our growth marketing and inventory needs we've been able to do something that would have otherwise taken us years to accomplish. With a fee structure that is SIGNIFICANTLY more attractive than Shopify capital this is the best way to go for early stage companies who don't have access to traditional banking and also don't want to retain ownership and not have to sell off portions of the company for cash infusions.
Alex Stark
Nov 20,2020Clearbanc has been amazing to work with. We have taken funding multiple times from them. They are super easy to work with and very fast to provide additional funding when we want it. They have been integral to scaling our business into mid to high 7 figure per year revenue. Our account Manager Robby Singh has been phenomenal to work with. Incredibly responsive and a real strategic thinker. Not sure if it's possible to request specific account manager, but I highly recommend Robby.
Andrei AMD
Nov 10,2020Very fast and good service, Thank you clearbanc, over and over again
Loafer AndChief
Nov 09,2020Excellent experience working with Mike Deeks and the Clearbanc team! Provided me critical funding to bridge the gap between equity rounds. Highly recommend when you are in need of short term capital!!! They understood my biz growth and could keep up with the capital supply.
Fadel
Nov 07,2020Clearbanc is a game-changer. Their service is much needed for small e-commerce businesses. Our experience has been so far very positive.
Ayesha
Nov 06,2020Aggressive.... give your email to these people at your own peril. There’s no unsubscribe button at the bottom of emails. Despite initially emailing back saying I couldn’t proceed, as I was not willing to share the companies data for any reason they continued to hound me and fill up my inbox. I would advise clearbanc to talk to your co workers- if someone has given a firm no, leave them alone!!
Michael
Nov 05,2020Bait and switch. They do not honour the offers they make. Once you accept an offer, they want to change the terms.
Omer
Nov 05,2020I've been talking to dear Waj Hussain for a while about funds. My fund was approved yesterday. I would like to thank Waj Hussain! Waj is a very professional and kind person. The whole process was done in a very short time and very friendly. You can be sure that I will gladly recommend Waj to anyone who does online business. Thank you
Fisk Biggar
Nov 03,2020Yup, this works! This platform is what small business operators have been waiting for. The process is smooth, seamless and transparent. I don't think anyone has said that about a financial institution ever.
Raquel Graham
Nov 02,2020Clearbanc is an entrepreneur’s dream. Very professional, efficient, turbo fast. I truly appreciate that they deliver exactly what they promote. Their is no game playing. I worked with Michael Deeks and he has been a champion for my business. It feels great to work with a funding organization that is in your corner and wants you to win. Feels nothing like a bank..no headaches and multiples hurdles to jump over. I’m a believer!
Eulise Iacobelli
Oct 31,2020No service like clearbanc. They are honestly the best. Everybody is so helpful and cool. Highly recommend adding them to your team!
hamed derakhshan
Oct 30,2020Great experience. Great onboarding and great account management
Charles Sansregret
Oct 29,2020We haven't used Clearbanc that many times, but when we did, it was an easy process. We've been regularly working with Mike Deeks on various financing options though. He's proactive and a good listener as well, trying to understand our business as best as possible.
Jamie Visser
Dec 04,2020We had a great experience working with our contact Mike Deeks on the new Inventory Financing programs. It was a seamless process and helped us continue to grow our business.