What is Growth Capital?
Clearbanc uses a unique corporate revenue share to fund the growth of our portfolio companies. We have powerful predictive models that look at your revenue, ad performance and other third party data to generate funding offers.
We don't take equity, we don't dilute your investors, we don't take personal guarantees and we don't do a credit check. Our offers are based on your performance.
We can deploy between $10,000 - $10,000,000 and can deploy that capital in less than 3 days.
Clearbanc charges a small flat fee on our capital that ranges from 6% - 12.5% depending on how you spend the funds. This isn't an interest rate, and this is not a loan. You always know how much you owe.
What is a Clearbanc Marketing Card?
A Clearbanc marketing card is a Mastercard available to fund your marketing spend. You can spend it on digital ad spend or to pay other items in your marketing budget.
Can I receive more than one advance at a time?
Yes. You may receive an additional advance if you qualify for more capital.
You may qualify for more capital if: - You did not choose the max amount of capital on the first advance - Your company revenue has grown significantly since the last advance - You have a new source of income that significantly increases your revenue - You are 80%+ repaid on your previous advance
All offers are subject to due diligence.
Will applying affect my credit score?
We determine eligibility by analyzing your actual business metrics, so applying for an advance with Clearbanc should NOT affect your credit score.
How long does the whole process take?
The entire process (application, offer, negotiation, approval, sending funds) can be completed in as little as one to two business days. Large advances and applications requiring special considerations or analysis may take longer.
What fees are associated with taking an advance?
There is no fee to apply for an advance. There is a fixed fee associated with each advance which is determined based on your business data. It has no periodic nor compounding interest. You will know exactly how much you are paying before you accept the offer and that fee will never change throughout the repayment process.
How is my fee rate determined?
The flat fee is based on the data analyzed by our platform. We take your revenue data, business metrics, and market data into consideration when determining your unique offer and the fee associated with it.
How do I repay my advance?
Repayment is made from your future business revenue. A percentage (decided when negotiating your terms) of each transaction is applied towards repaying the advance until it is repaid in full. There is no set repayment date, as we understand your business can fluctuate throughout the year.
What is my repayment percentage?
The repayment percentage is decided when negotiating the terms of your advance. We typically take 1% to 20% of future revenue to keep a healthy cash flow in your day to day operations. We work with you to determine a rate that will be beneficial for everyone.
Can I change the repayment percentage after I receive the advance?
The repayment percentage you decide on with your account manager will remain in effect until your advance is repaid in full.