Working with Clearbanc has been Awesome. We needed funding and lot more than we were getting elsewhere. Clearbanc cares most about the performance of your brand. The onboarding can feel like much to some, but you're basically interviewed to join the Clearbanc family. And if you're a good fit, you can count on it that your offers will be fair. The best part is, the longer you're with them, the more funds you tend to qualify for. We can't complain, at all. The UI/CX could be better but when it comes to financing, it's FAR from the worst.
We've worked with a number of financing institutions as a young business (Shopify Capital, Loanbuilder, Kabbage, OnDeck, etc.), and Clearbanc is by far our least favorite. The nature of their product simply makes it difficult to use. You are never given a deposit of funds, but moreso have to spend on a credit card against an agreed upon balance. The frustrating part is that while you aren't "given" the funds in a lump sum, you still pay down the balance regardless - this means that you could be paying Clearbanc back for funds that aren't in your possession and that you may not even have utilized. The whole process of working with them and understanding the way they operate was confusing and frustrating. If you have access to pretty much any (reasonable) other financing opportunity, I'd utilize that first.
Clearbanc are amazing! They really want to help companies grow and provide a much needed and revolutionary solution for founders. The process was seamless, I actually had a call with a Rhaelyn just before I was heading to the airport, I connected my accounts and when I landed from my flight I had a funding offer from Clearbanc and then did my phone call with Ben to review & accept whilst still at the airport - that’s incredible! Really grateful for such an amazing company and product! I’ve told many people they should use it!
Great team, great support around your business. I really appreciate how proactive they are.
We've been using them for almost a year now and it has been a great way to get capital for our growing business. The application process was easy and fast and their customer service is amazing! We received the capital quite fast and they helped us out so much when we were in a tough spot. I would definitely recommend Clearbanc to any business owner that needs capital for their growing business.
These people are decent and amazing and I really felt great dealing with them and we felt our business got the support which is needed. Personally I dealt with William and he is very helpful. Thank you team!
Clearbanc's processes and customer service are top-notch! It's so easy to get access to capital for my expanding needs, I've loved partnering with them. Thank you Sandra and team!
I had a real pleasure dealing with Clearbanc. I was eligible for a top up, it was my 3rd or 4th one, and my balance was at 15k due out of 40k loaned to me in less then 6 month, with steady payments, and at the last moment you have refused to do my top up based on the nature of my business. I was counting on that top up and refused an alternate loan from Thinking Capital. Not a good business practice to handle your loyal and valuable customers and cutting them of on a biased basis.
I receive great support and creative ideas from Nan. The interface is fast, automated and intuitive.
One of my colleagues, who also sells a consumer product online, recommended Clearbanc and I am so glad he did. Here is why Clearbanc was a dream come true: Unlike traditional bank loans, there is no cumbersome paperwork because you offer transparency into e-commerce data, and as a result, the money is available within hours of completing the few easy steps of the application. Giving Clearbanc access to your e-commerce accounts is smart for several reasons: a) they loan you an amount based on actual sales, so you cannot get in over your head b) they can adjust immediately and offer more money the moment monthly revenue ticks up c) if revenue dips down, there is no penalty for rate of paying back And there is a flat fee, so no accrual of interest, and paying back occurs in real-time with each sale of product you make at a fixed percentage of revenue This is revolutionary. I have the same sense of awe with their service as when I discovered Airbnb and Lyft. And the people that work their are friendly and encouraging. It has been a flawless experience. Highly recommend.
This has been an absolute godsend for our business. We were growing 50% a month and this let us get the cash we needed to stabilize without having to dilute.
The best funding source one can get as a startup
Clearbanc has been wonderful to work with. Funding is quick, easy, and fair. We have used this funding to invest in advertising which has grown our business by 3x in the past 8 months. I would highly recommend them. The service you get from your account manager is hands down some of the best customer service around!
When we were first sent the video presentation from Clearbanc we immediately knew it was a game changer. No more wasting time & efforts with business plans for banks! Clearbanc hooks into the back of your data for sales via various platforms and can see what you sell online daily. The transparency of this ensures both parties are happy with the terms of the loan and how its repaid. We have worked with Clearbanc for over 6 months now and we wouldn't go anywhere else now. This company is a game changer for those who sell online.
Great company and product, this is an excellent way to secure short term funding. Our account manager has been really helpful, everyone is super responsive. We are really happy with Clearbanc.
Amazing customer service Great rate compared to other lenders Fast action
I was very impressed with Clearbanc when I set up my account. They have very easy tools to attach your bank accounts and legal docs. I've borrowed from Clearbanc a few times now. It is the fastest, easiest way to borrow money I've ever seen. Banks take weeks and tons of paperwork. Clearbanc makes it really easy to apply and receive money. I would highly recommend Clearbanc as a way to fund your growth.
Clearbanc always had my back. I was able to grow my brand, trademark, pay for shipping and start a whole new sister brand. This wouldn't have been possible without Clearbanc. They take out a small amount so you are never behind. I recommended this to any business owner.
Clearbanc offers the right solution for companies that need funding for marketing activities (which equals growth). Their 5-star service level is personal, competent, and customized for each need. We have used Clearbanc for our company financing several times and can highly recommend them.
Upstate Stock
Mar 29,2020The head of of payments, Tal Marantz, shouldn't be involved in any customer facing capacity and should be replaced. I will never work with them again, and I have borrowed hundreds of thousands from them in a short time, as long as he's there. When he's gone, and I'm sure someone like him won't last long, I will use them again.