Clearco charges a single flat fee on customer advances. Those fees can be as low as 6.5% depending on the data we collect, and the selected payment extension plan. There is no equity dilution, undrawn fees, or compounding cost of capital–only a flat fee. You will know exactly how much you pay for the funding upfront before you sign your contract, and that fee will never increase throughout the repayment process.

Your payments are linked to your business’ revenue and Clearco has a remittance rate for payments specified in your contract. We cap your weekly payments to ensure that you never pay back faster than your selected extension period. In the case where you make payments to us for a longer time your fee will not change or increase. Clearco does not charge interest, only a flat fee. 

You can submit eligible expenses related to your business, including inventory, marketing, shipping & logistics, and legal & financial fees.

We currently support international and domestic wires or ACH payments.

Each invoice will go through an application review process (typically 1-2 business days or less) 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 the 45-day period after you pay them. In such cases, we will send the funding to your primary business bank account.

We currently support 4 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.

Supported currencies: EUR, USD, CAD, GBP

You can choose the date you want to send the funds when you upload an invoice, but it must be within the next 90 days.

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

We suggest submitting invoices with a sufficient buffer of days 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.