To leave a review you need to be logged in
Reviews 338
Colton Robtoy
Oct 06,2020Hamza is Great!!
Perry R Anderson
Oct 02,2020Clearbanc and the customer service team is super easy to work with. The amount of funds available is based on how your business is performing. An excellent way to get the capital you need to grow.
Charlotte Grace Millis
Oct 01,2020Maximm has been nothing but helpful for me!! Would highly recommend!
Chrystalla Spire
Sep 30,2020Clearbanc has understood the ecommerce industry sector and produced an excellent, innovative financial product for the sector, that is supported by an outstanding, professional, efficient and friendly team. How refreshing! Special thanks to Maxim and John. We would heartily recommend Clearbanc.
Omni Ore
Sep 29,2020So far My experience has been amazing , Max my account manager has helped me loads and worked closely with me, this is really boosting my business and taking things to the next level Very happy
Ross
Sep 29,2020From starting my application to having it approved and making my first payment took less than a week! Extremely professional service with a straight forward application process and a user friendly system. Alongside this there is an extremely helpful customer support team who reply to emails swiftly and are more than happy to jump onto a Zoom call to explain things in more detail. Would highly recommend these guys!
Steve Samuels
Sep 25,2020we said no to their offer aftwr seeing the negative reviews going around and we cannot believe how rude they are and pushy! Jonathan Adams to be specific is the pushy, rude person who has been hassling us. Can't believe they can act like this when being politely declined to ther offer of funding! I think they should look into this employee as it's giving them an even worse name of what they are like to deal with
Connie T
Sep 22,2020Beware of this company! They can approved you with the amount you requested, once you swiped it. You are committed to pay in full of the amount you have requested and not based on what you have used. Then when you're trying to reach out to them with proof of hard copy showing them that you did not used the full amount, they will ignored your email for couple days. IF you're lucky, they will respond with excuses stating - "they are having technical issues and will resolve as soon as possible. You will never hear back from them and then, they will transferred you to another department that doesn't know what is going on. Be smart and wise about it. Example: You could be asking $10,000 and used only $2000. Well your payback is $10,000 regardless and it will show on your external statement of Clearbanc that you owed 10,000 plus the interest fee and not $2000 you have used!
Gavin Edley
Sep 15,2020Great experience. They say that the real advantage small businesses have over big business, is the ability to adapt and move fast on new opportunities. Well, if the funding for your small business doesn't follow the same principles - you pretty much lose this advantage (hello lengthy bank loan applications, spending weeks waiting for underwriters to make their decision). It makes you as slow as the biggest, most bureaucratic organisations around - without the massive financial and human resource that they have. Clearbanc really understand small business and ecommerce, and the need to make fast moves in order to stay ahead. Can't recommend enough.
MU
Sep 15,2020Clearbanc is the best in the game. We have talked to various different lenders, private and commercial, and were not happy with the restrictions or price they put in place on a fast-growing business like ours. Clearbanc put all that clutter to the side and gave us a simple term sheet that checked all our boxes and we didnt feel like we were selling our soul! These guys are fast, transparent and simple.
Justin L
Sep 10,2020Clearbanc operates a very niche product that only works for select few ecommerce companies. Like what other reviews have been saying, the rate can be as low as 3% but as high as potentially 13.5%. These are their effective rates, but they aim to be paid back on their capital given in 5-8 months, which makes the APR much higher than traditional debt financing. Clearbanc's SDRs, while not naming any in particular, follow scripts and it's evident they just want you in the door to get a 30 minute "demo". Their emails truly do not show their care and they're just trying to get you through the door. If you get through the SDR process, they make you say your story again to the next person and the next person following that, there is no communication between people at Clearbanc except for how much your business makes and that drives how much they truly care about you. 85-90% of Clearbanc's profitability comes from repeat business, and they just want you to repeatedly come back for the same capital, albeit to try and grow your business. There are much better sources of capital out there, and if you've exhausted them all, maybe give Clearbanc a shot.
Roger Adams
Sep 08,2020Maxim and John have been great, funding was straight forward, painless and the cash back function on the card has been amazing, actually helping pay the balance off quickly.
Shaun P.
Sep 05,2020We were offered in the $15K range and it would be paid back at a 5% take out of our revenues for the next four years. In the next twelve months we will do approximately $290,000 - $330,000 (conservatively) in sales. (We did $260,000 over the past 12 months). So the cost of borrowing the $15K would be about $14,500-$16,500 in the FIRST year. You can see the borrowing costs over the four years, would likely be over $100,000. That is ridiculous.
Brenda Tim Mcmillon
Aug 26,2020Very Pleased ! I really like using Clearbanc. My account manager is very prompt with answering my questions in a very timely manner. Overall very pleased glad I found y’all and will continue to keep on using y’all
Ali
Aug 13,2020Easy way to get capital on a monthly basis to help you grow your online business. Can be expensive depending on what you use the capital for, but if you only use for advertising (Facebook, amazon, etc.), it is a 6.5% fee. No interest, just a flat fee. And you payback on a daily basis (1-20% remittance amount) whenever you receive money from your eCommerce platforms. Maybe a couple of percent higher than really good loan option, but for how easy and how much you can get, I think 6.5% is a reasonable fee to pay to help grow your business!
Vintage Gentlemen
Aug 12,2020Amazing turnaround time!
BUYMINERS.CA
Aug 07,2020So grateful for my team at Clearbanc! Waj & John have helped us get the right funding and the application process was seamless. Connect your accounts and let the numbers speak for themselves!
eric
Jul 25,2020Tanvir was a big help. Very fast and painless process. Thanks!
Halston Mikail
Jul 17,2020we love clearbanc.
Jon Lewis
Oct 26,2020Used to get good communication and fast responses. It seems as they’ve grown they’ve stopped working creatively with there original customers. We’ve taken out numerous loans and even the upper brass is too good to respond. I’m officially not a Clearbanc customer anymore.