"I wasn't even looking for funding and…"

I wasn't even looking for funding and was approved someones annual salary within 36 hours! I run a professional development group for female speakers, authors, and coaches - and we do pretty well so I wasn't really "looking" for funding. I saw an ad on FB with Gary Vee on and it sparked my interest so I applied and I have to admit, I was skeptical the whole time...

UNTIL the funds were available. The process was quick and like any other funding source. Providing some proof and signing an agreement. Because I work with entrepreneurs I think this is a great option for people looking to diversify their marketing. I saw a review where someone was upset can only use it for marketing and adverts - well, that's what they tell you when you sign the contract. We are using these funds as intended - to grow our subscription and drive people to our live event.

I haven't had any issues paying contracts we use for marketing, ads or other marketing costs. If you want to boost your marketing to get for paying customers - I say go for it!

Thanks Clearbanc!

"Clearbanc is changing the game!"

To say that Clearbanc is a game changer is an understatement. Our business has taken almost $1MM from Clearbanc in the last year, and they have helped us grow, scale, pivot and navigate the tough financial stress of scaling our business. Their customer success team is second to none (shout out Nan) and Michelle and Andrew are relatable founders who care deeply about entrepreneurs. Clearbanc does not participate in predatory practices that you hear about in the traditional MCA space (COJ's, Judgements, Personal Guarantees, etc)... so Clearbanc is making a better product that I hope reaches many, many more people. Finally, as a trauma-informed coaching company, we value Clearbanc's funding based on data, not gender or privilege bias. Clearbanc funds more women and minorities than anyone else. This, along with Clearbanc's ethical center, makes Clearbanc in a league of it's own. Honored to be a client for life.

"Way better options for capital than Clearbanc"

At first, Clearbanc seems like a simple solution to fund business operations but it is anything but. Common misleading marketing of easy to access capital. They tie you to a card that is a true pain in the a** to use unless you are ONLY looking to spend it on advertising. Anytime you do business with a non-preferred vendor, which is 99% of vendors and would like to pull funds from your Clearbanc account it has to be approved which takes time which really isn't how I like to run my business. Will not be using their service again as there are too many better services out there.

"Quick & Simple EQUITY FREE Capital"

I've been a Clearbanc client for almost 6 months now and have been receiving top ups every month (each increasing in size too!) As a hardware DTC product, we are usually consistently in a cash flow crunch and have our capital dedicated towards inventory, tooling, R&D and daily operations. Being a bootstrapped company, this leaves VERY little towards marketing and any real efforts to bring exposure and scale our business. Before Clearbanc, we would run very safe marketing campaigns as we cannot afford take risks. Our only way to get more capital is through ongoing sales (slow to scale), raise money through investors (time consuming and lose equity) or take a loan from the bank (personal guarantee required + collateral). Clearbanc nullifies all these pain points so you can spend more time building your business and working on what truly matters!

With Clearbanc, we've been given a healthy run way to test new experiments, run high risk/ high reward campaigns and genuinely learn and iterate as we grow. Ever since onboarding with Clearbanc, ours sales have been growing 20% month to month and this is attributed to being able to test so many, many variations of ads to determine what works and what doesn't. Furthermore, if you plan on using the capital towards marketing purposes (ie Facebook ads, Google Search) the fee drops almost by half. Nowadays, our daily challenges are no longer where to find money but rather how to spend it more effectively and efficiently. Hopefully there will be a community system in place soon where Clearbanc funded companies can share lessons learned, what works, what hasn't and other scaling experiences!

"Clearbanc is an absolute Godsend"

Clearbanc is an absolute Godsend. Doing business with big banks just doesn't make sense in 2019 for most small businesses. I see Clearbanc as a trailablazer! Big banking is going to wish they made these changes. It was very easy to get approved for over 100K and even better is the rate they offered. I'm so glad I took a chance with them!

"HORRIBLE!!"

HORRIBLE!!! Worst company I have ever dealt with in my entire life. They lied and said that we would have a certain rate and that we would not be charged more than that for additional loans we took in the future. They went back on their word and raised the loan interest by 10%. They also charge a lot more than they tell you up front. This company is doing bait and switch and is very unethical. I would highly suggest staying as far away from them as possible. WORST experience I have ever had in my life is dealing with these liars.

"Rude and intrusive 75 minute screen…"

Rude and intrusive 75 minute screen share.

Won't take no for an answer after sub-average offers.

Avoid. Avoid. Avoid.

"Not quite there yet."

Not quite there yet.

Don't get me wrong, Clearbanc is ok but it fails on a few points. Its sold as a way to scale your business with cheap funding, part of that is true, the interest rate is good and the funds arrive quickly, as your business grows it starts to fall down. If your an online seller who only sells via one processor (this is not many) then Clearbanc may be for you however as you scale your business its likely like us that you'll grow significantly on other platforms like eBay and Amazon as well as your website. Its a real shame that Clearbanc does not record these revenue streams as turnover whereas most other funding providers do, what this means is that as you scale and grow your business Clearbanc wont scale with you. From my experience if you're a fast growing business with high turnovers there are better alternatives on the market. Clearbanc may be an option if you struggle to get business credit or are very new but if your established and sell on multiple platforms its just not fit for purpose. Give them a couple of years and they may get there. Also repayments take weeks to show on your account, the software is very slow. Staff are helpful and friendly.