Clearco Help Centre > Getting Started > Clearco FAQ

Clearco FAQ

These are some questions we get asked most frequently, and thought we would answer them for you here. 

 

  1. Does Clearco provide loans?

Clearco does not provide loans. Clearco’s advance of capital to fund your e-commerce business is the purchase price Clearco pays for a portion of your future revenue. 

 

  1. Does Clearco perform credit checks or require collateral?

Applications to Clearco for funding do not impact credit scores, Clearco purchases a portion of your future revenue and may file a financing statement to evidence its ownership interest in such future revenue. Clearco does not otherwise require collateral, and/or personal guarantees.

 

  1. What does Clearco do with my data? 

Your privacy is important to us. For detailed information about what Clearco does with your data, please read our Privacy Policy here. 

 

  1. Does Clearco fund startup businesses? 

Clearco provides fast, flexible, and founder-first funding to e-commerce businesses that generate $100,000+ per month over 12+ months. For a list of our eligibility requirements, please visit our Help Center here. 

 

  1. Does Clearco fund service-based businesses?

Clearco provides fast, flexible, and founder-first funding to e-commerce businesses that sell physical products online. For a list of our eligibility requirements, please visit our Help Center here. 

 

  1. Does Clearco charge interest? 

No, Clearco charges a flat fee on funding advances, from 4.25- 22%. For more information on Clearco’s pricing, please visit our Help Center here. 

 

  1. Which sales platforms does Clearco integrate with?

Clearco can integrate with multiple e-commerce sales platforms. For a list of all available platforms, please visit our Help Center here. 

 

  1. I am having trouble connecting accounts to Clearco.
    The Clearco dashboard is best used with a Google Chrome browser on a desktop or laptop. In order to connect some bank and sales accounts, you may need to ensure popups are enabled to complete the connection(s). 

     

  2. When will Clearco debit my bank account?

After you take an advance, our system auto-initiates a debit to your business' connected bank account for the invoice amount. This debit can be the same day to 2 business days to settle on Clearco's end. 

 

If you have any further questions, please contact our Customer Support team at support@clear.co.