Funding eligibility requirements
Clearco provides invoice funding and cash advances for e-commerce businesses. To receive an estimate for a funding capacity (the amount that will be available to fund your business’ invoices), your business must meet our eligibility requirements.
Types of companies Clearco funds
Clearco funds eligible e-commerce businesses that sell products online.
Minimum criteria for e-commerce businesses:
- 6+ months of revenue greater than $100,000/month from your connected e-commerce sales platform(s)
- Incorporated status in the United States of America (e.g., Corporations, LTD, or LLC)
- Valid U.S. checking bank account
- Employer Identification Number (EIN)
- A piece of government-issued identification (e.g., Driver’s license or passport)
- Photo with 4 corners showing (front and back)
Does your business meet all of the above requirements? If so, apply using this link here.
If you would like to view the steps before applying, please read through this article here.
Business types that Clearco is currently unable to fund:
- Travel / Event Operators (anything directly related to airports/airlines)
- Professional Services - Media/Agency/Digital Consultancies/Marketing Services (Exemptions can be made for those professional services at scale operating in multiple cities)
- Paraphernalia, including Adult entertainment and adult services
- Cannabis Products
- Vaping Products
- Wholesale
- Dropshipping
- One-time services / Non-Scalable
- Capital Provider
- Brick and Mortar
- Gambling & Lottery Industries
- Narcotics/Illegal Substances/Illicit Activities
- Weapons or firearms (including parts, accessories, and ammunition)
- Hatred Products
- Tobacco Products
- Pyramid Schemes
- Marketplaces including Pawn Shops
- Auction websites
- Spiritual services / online confessionals / psychics
- Crypto and Crowdfunding
- Financial products, Real Estate, and Auto dealers
- Political organizations, charities, non-profit, and co-op organizations
If your business isn’t eligible for funding today, Clearco will continue to analyze your business’ revenue to see when your business is eligible. Stay connected, and we will email you if your business qualifies for funding in the future!
FAQ
How long does the Clearco application process take?
Once you have completed the sign-up process and uploaded your first invoice, you will be notified of your application status in as little as 1-2 business days. You will receive an email with your approval status.
How safe is my data?
At Clearco, security is a priority. Security is ingrained within our culture and a responsibility that we take seriously. We understand the importance of protecting our customer’s data, and protect all financial, personal, and other sensitive data using a myriad of security technologies and processes.
These include encryption of data in transit and at rest, automated access controls limiting access to systems and data, segregation of environments, architectural approaches incorporating security best practices, and ongoing monitoring of our systems. Our systems and processes are regularly reviewed by both internal and external auditors and continuously improved upon by our security team.
We have securely connected more than 25,000 customer data sources. See our privacy policy for more details.
What do you do with my data?
Clearco collects your business’ revenue history in order to forecast revenue across all your connected sales platforms to determine the size of your funding capacity. Your data is encrypted in transit and at rest.
If you have any questions regarding the eligibility requirements, please feel free to contact our Technical Support team at support@clear.co.