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 * How It Works
 * Resources
   * Partners
   * FAQ
   * Founder Case Studies
   * Blog
   * Help
 * Company
   * About Us
   * Careers

 * Log in
 * Fund Me

 * How It Works
 * Resources
   * Partners
   * FAQ
   * Founder Case Studies
   * Blog
   * Help
 * Company
   * About Us
   * Careers

 * Log in
 * Fund Me


FREQUENTLY ASKED QUESTIONS




FAQ

What is Clearco?


Clearco provides e-commerce brands with equity-free capital to help them scale
with certainty. Clearco funds and helps manage invoice payments for e-commerce
brands to free up their cash flow in the present so they can plan for the
future.

How do I know if I’m eligible for funding?


We fund e-commerce, subscription-based, and Consumer SaaS (software as a
service) companies. Our minimum eligibility criteria includes:

 * 6+ months of revenue greater than $10k/month from connected sales platform(s)
   corporations or limited liability companies
 * Read more about our eligibility requirements on our Help Center

What is the application process?

 1. Fill in some details & receive your estimated funding capacity in under 2
    mins
 2. Submit invoices and choose your preferred extension plan
 3. Connect your sales and bank accounts and submit your application
 4. Receive your approved funding capacity
 5. Finalize your payment schedule preference
 6. Your vendors are paid!
    
    Read more about our sign up process here.

Why do I have to connect my sales accounts and how do you use this data?


When you connect your sales accounts, Clearco collects and reviews your revenue
history. We do this to forecast revenue across all your connected sales
platforms to determine your approved funding capacity. Once you have submitted
an invoice and selected an extension plan, your revenue data is used to
determine your automated weekly payments. Your data is encrypted in transit and
at rest.

How will I know how much funding I’m likely to be eligible for?


During your application process, you will be able to get an estimated funding
capacity by providing your self-reported monthly revenue. Once you connect your
sales and bank accounts we’ll securely sync your data, and in as little as 48
hours you will see your approved funding capacity on your Clearco dashboard.
Your approved funding capacity is provided to you as a range and represents the
amount we may be able to help fund for your invoices. As you submit invoices,
your funding capacity will decrease in relation to the size of the invoice
submitted and extension plan selected. An extension plan shows the anticipated
payments and the associated fee. You have the option of choosing a 4, 5, or 6
month extension plan. At the start of each month, you will be provided with a
refreshed capacity amount, subject to approval.

Can I receive more funding once I spend my funding capacity?


We want to stick with you throughout your entire business lifecycle. As your
business grows and as you pay an extension plan completely, your funding
capacity will be updated. The more data you connect (via your sales channels),
the more your funding capacity can grow.

What are the fees?


Clearco fees have no periodic nor compounding interest. You will know exactly
how much you are paying for the funding upfront before you sign your contract,
and that fee will never increase throughout the payment process.

How does payment work?


You will receive your anticipated payment schedule prior to accepting the
contract. Clearco’s payment structure is a weekly capped amount and we will only
debit as specified in your agreement. If your revenue falls below a certain
threshold, your weekly payment will be adjusted and can be less than the capped
amount stated on your initial estimated payment schedule. In such cases, you
will have to make payments to us for a longer time than originally anticipated
since payments to us are linked to your businesses’ revenue, and can therefore
help you with managing your cash flow.

What invoices can I pay?


You can submit any eligible expense related to your business. We currently
support international and domestic wires or ACH payments.

Each invoice will go through an application review process (typically 1-2
business days) to determine eligibility.

If your business expense cannot be paid via wire or ACH payment but the vendor
falls under our Approved Vendors list, you may be able to submit a receipt of
your paid expense along with the invoice within a 45 day timeframe after you
paid them. In such cases, we will send the funding to your primary business bank
account.

We currently support 32 different currencies, so if you have overseas suppliers
we’ve got you covered. We charge a 0.5% commission for non-USD payments and
currently support the following currencies.

Currencies supported: 

AED, AUD, BGN, BHD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HDK, HRK, HUF, ILS, JPY,
KES, KWD, MXN, NOK, NZD, OMR, PLN, QAR, RON, SAR, SDG, SEK, THB, TRY, UGX, ZAR



How fast will my invoices get paid?


You can choose the date you want to send the funds when you upload the invoice.

 * Domestic wires/ACH: approximately 0-2 business days
 * For international wires: approximately 0-3 business days

We suggest submitting invoices with a sufficient buffer to account for the time
required to review your application (typically 1 to 2 business days) plus
payment processing time (typically up to 3 business days). 

The processing times are guides based on historical data and are subject to
change. Payments may need to be processed by various banks, including your
vendor’s bank, so we do not guarantee processing times and you are solely
responsible for ensuring that your vendor is paid on time.

Can you give some examples of the types of invoices and business expenses you
fund?


The most common eligible business expense categories include: inventory,
marketing, shipping, logistics, professional services, payroll, freelancers and
more. If you are not sure if the invoice you are looking to submit falls within
the eligibility criteria, you can upload the invoice along with the vendor
details on your dashboard for approval (typically 1 to 2 business days). 

We only support ACH or wires to both domestic and international vendors. If you
have a business expense that cannot accept one of these methods and it falls
under our Approved Vendor list, you can also submit a receipt of the paid
invoice within 45 days of payment and choose an extension plan.  




JOIN THE 7,000+ FOUNDERS IN THE CLEARCO PORTFOLIO

Get Funded

You’ve worked hard to build your business, you should own 100% of it.

CONTACT US

 * Email: support@clear.co
 * Press: press@clear.co
 * Tel: +1 (415) 610-5166



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© Clearco. All Rights Reserved. Terms and Conditions apply. Subject to
successful application and approval by Clearco.
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