Clearco business loans review

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- Min. Amount
- $5,000
- Max. Amount
- $1,800,000
- APR
- A flat fee of 4.25% to 22%
Our verdict
An invoice financing company helping e-commerce businesses access the cash they need to grow.
Clearco is a fintech invoice financing company that works with e-commerce businesses. Instead of paying your outstanding merchant invoices, Clearco pays them for you, and you pay Clearco back with smaller weekly repayments — allowing you to free up vital cash. Clearco accepts various types of invoices and uses a flat fee model based on revenue, so you know how much repayments will be.
Best for: E-commerce businesses with $10K+ in monthly revenue that need short-term working capital.
Pros
-
No minimum credit score requirement
-
Personal guarantee not required
-
Don’t have to give up equity
Cons
-
12+ months in business required
-
Must have at least $10,000 a month in revenue
-
Must connect your e-commerce accounts
What makes Clearco shine?
If your business earns at least $10,000 a month, Clearco invoice financing can be an ideal way to free up cash to grow your business. The way it works is that Clearco pays your outstanding supplier and manufacturing invoices, so you can use your cash on hand for other needs — for example, to fund a time-sensitive marketing campaign, to hire staff or to buy more inventory.
With Clearco, your payments are linked to your revenue, and it caps weekly payments to ensure that you never pay back faster than your agreement. Clearco doesn’t charge interest — only a flat fee — and you can choose a repayment term, aka “extension plan,” up to six months. Because it works on a flat fee, you know exactly how much your weekly payments are.
Unlike angel financing, which requires you to give up equity in your company in exchange for funding, Clearco lets you access cash without giving up equity in your company. This can be important for founders who want to keep control over the direction of their business.
Where Clearco falls short
While Clearco’s weekly repayments linked to your business’ revenue are capped, fees can run high with this type of financing. And because Clearco charges a fixed rate, some customers have complained that it’s difficult to calculate the equivalent APR they’re actually paying.
APRs are important because they can impact your cash flow. If the equivalent APR you’re paying is around 15% to 20% or more, it may become challenging to retain positive cash flow, as so much of your revenue is going to service debt. This could lead to a cycle of additional borrowing.
Clearco loan details
Minimum credit score | N/A |
APR | A flat fee of 4.25% to 22% |
Loan amounts | Not disclosed |
Terms | 4 to 6 months |
Approval turnaround | Approval in as little as 24 hours |
Availability | All 50 states |
Fees | N/A |
Other fees | N/A |
How to qualify for Clearco
To qualify for Clearco, you’ll need to meet the following minimum eligibility requirements:
- 12+ months of revenue greater than $10,000 a month from connected sales platforms or limited liability companies
- Incorporated status in the United States of America
- Valid US checking bank account
How to apply
Here are the steps to apply for Clearco financing:
- Sign up for Clearco online.
- Enter details about your business.
- Connect your financial account(s) and get a funding estimate.
- Submit your invoices or receipts.
- Choose your preferred extension plan.
- Receive your approved funding and finalize your payment schedule.
- Follow your weekly repayment plan.
How Clearco compares to other lenders
Compared to other business lenders, Clearco offers one type of financing: invoice financing for e-commerce businesses. It doesn’t offer other types of business loans that you might find with a bank, credit union or online lender, like term loans, SBA loans, lines of credit or other short-term financing options.
If you’re not an e-commerce business with a connected sales platform or earn less than $10,000 a month, consider other lenders. Here are some top online business lenders that offer invoice financing plus a wider range of business loan options.

Clearco
9.5 Excellent
Loan amount
$5,000 – $1,800,000
APR
A flat fee of 4.25% to 22%
Loan term
4 to 6 months
Requirements
12+ months of revenue greater than $10,000 a month from connected sales platform, valid US checking bank account

Fundera business loans
8.6 Great
Loan amount
$2,500 – $5,000,000
APR
Varies by lender
Loan term
3 months to 25 years
Requirements
$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months

Lendzi
9.5 Excellent
Loan amount
$5,000 – $20,000,000
APR
Varies by lender
Loan term
6 months to 25 years
Requirements
Minimum credit score of 580, minimum annual revenue of $120,000, preferably one to two years in business
Clearco reviews and complaints
BBB accredited | No |
---|---|
BBB rating | N/A |
Trustpilot Score | 4.5 out of 5 stars, based on 342 customer reviews |
Customer reviews verified as of | 03 January 2025 |
Clearco, formerly Clearblanc, gets an “average” rating from over 300 customers on Trustpilot. While the majority of reviewers give the company an “excellent” rating, a fairly large percentage — 15% — give it just one star.
Satisfied customers mention good customer service and fast approval and funding that make it ideal for e-commerce businesses. Less happy customers report long wait times to resolve issues and poor support after funding.
Is Clearco legit?
Yes, Clearco, formerly Clearbanc, is legit. Established in 2017 and headquartered in Toronto, Canada, the company has provided over $2.5 billion in funding to over 10,000 businesses to date.
Frequently asked questions
What types of invoices are eligible?
Invoices related to your business are eligible, including inventory, marketing, shipping and logistics, legal and financial.
How are invoices paid?
Clearco supports international and domestic wires or ACH payments to your vendors. If your vendor isn’t eligible for this payment type but is an approved Clearco vendor, funds can be sent to your bank account instead.
Does Clearco have a US phone number?
Yes, it’s 415-610-5166.
Your reviews

Kat Finder
Writer
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