ClearcoReviews of clearbanc.com

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.

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. 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!