$1 Million USD limit Expanded to Uncapped Limits for Receipt Reimbursement for Business Receipts
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Do you have mountains of receipts piling up for payments to your suppliers? Brand, packaging, marketing promotion, influencers, events, shipping, warehousing - it can all add up. Accessing capital can feel like one of the biggest hurdles for ecommerce businesses. With approximately 38% of failed ecommerce startups attributing their downfall to running out of cash or struggling to raise funds. Managing inventory, campaigns, and growth strategies while keeping cash flow steady is no small feat.
Clearco understands how demanding that balancing act can be. That’s why we have expanded on the $1 million USD limit on receipt funding within a 60-day period to an uncapped limit, subject to diligence. This increase in receipt funding limits (or - the ability to be limitless) offers ecommerce brands the flexibility to access more funding when it matters most! You’ve paid your bills - and now we’re here to extend your runway and promote growth.
Why Clearco’s Uncapped Receipt Funding Matters
Ecommerce businesses are entering a period of rapid growth, with global revenue projected to exceed $7 trillion by 2025. Clearco’s expansion on the $1 million USD limit on Receipt Funding brings a host of benefits designed to help ecommerce entrepreneurs thrive, such as:
- Get the funding you need to fund the inventory
- Fund the marketing bills you have paid out for campaigns
- Free up cash flow so you can expand your product offerings, improve logistics, or even break into a new market.
- Use a mix of Receipt and Invoice Funding to create a strategic financial plan that works for your business.
- Access the resources you need to meet growing demand while keeping your focus on scaling up.
You’ve built something amazing, and now it’s time to take it even further. Clearco’s funding is here to support you in overcoming the challenges that come with running your business.Clearco Receipt Funding: A Simple Step-by-Step GuideClearco’s Receipt Funding makes accessing working capital simple and flexible, giving you the tools to support your growth and keep your business moving forward.
- Sign Up and Connect Your Data
Start by creating an account with Clearco and securely linking your revenue and bank account information. This allows Clearco to analyze your financial data and determine the funding amount available to your business.
- Application Review
Once your account is connected, Clearco reviews your application and performs due diligence. After approval, the funds can be used exclusively for Receipt Reimbursement, Invoice Funding, or a combination of both.
- Submit Receipts
Upload receipts for payments you’ve already made within the last 60 days to suppliers, vendors, or qualified service providers. This could include past expenses like inventory purchases or advertising payments.
- Get Reimbursed through Clearco Funding
After the receipts are reviewed and approved, Clearco funds your business directly by depositing the funds into your bank account. You can use this capital to reinvest in growth, whether it’s for stocking up inventory, running new campaigns, or scaling operations.
- Consistent Fee Structure
Clearco’s receipt funding follows the same predictable fee structure as Invoice Funding. This ensures you have a reliable understanding of costs, making it easier to integrate into your financial planning.Clearco Delivers Capital to Drive Your Business ForwardClearco’s uncapped receipt funding is designed to give you the extra support you need to turn your hard work into even greater success. Gearing up for a busy sales season, exploring new growth opportunities, or managing the daily demands of your business can feel overwhelming. This change is here to lighten the load and give you the support you need. Ready to take the next step? Consider signing up, upload your invoice or receipt, and access the funding you need to grow your business! Note that all funding limits are subject to diligence.
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As an experienced content and creative writer with over 3 years in the business, Paig Stafford has a knack for understanding and creating digestible content for technical and finance fields across early-stage technology start-up incubators to software companies to personal development applications. In her free time, she enjoys baking desserts and playing computer games.