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Ecommerce
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December 19, 2024
Clearco Supports Ettitude in Preparing for Seasonal Growth and Expanding into B2B Markets
Clearco funds Glidecoat
You provide the invoices. Clearco provides the funding.
The Business Problem
With Glidecoat being a seasonal business, they typically like to have ample inventory on hand when approaching their busy season.
The Funding Solution
Glidecoat uses Clearco to pay for their large inventory invoices to prepare for their busy season.
Inventory for when the season calls for Glidecoat
With Glidecoat being a seasonal business, they typically like to have ample inventory on hand when approaching their busy season. The more inventory Paul purchases at once for Glidecoat, the better pricing he will get and therefore higher margin on the products he sells. However, increasing their Purchase Order (PO) means paying more for that inventory upfront, and it’s less than ideal to have such a large cash outflow at once.
Clearco can fund large inventory invoices in preparation of seasons
Glidecoat uses Clearco to pay for their large inventory invoices to prepare for their busy season. This allows them to double or triple the amount of inventory they’re able to order, without having to pay for it all upfront. Paul is able to take advantage of the pricing benefits that come with increasing his PO without their cash flow position having to take a large hit. In the last 6 months, Glidecoat has been able to grow 75% with Clearco invoice funding.
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“Clearco gives me the ability to purchase inventory in much higher volumes which helps secure better pricing. This benefit easily covers the cost of Clearco funding the invoice.”
Paul Westhorpe President of Glidecoat
