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Clear

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7.2

Overall Score

Author: Kaitlyn Short

LAST UPDATED: June 5th, 2024

Clear is making business loans easy with its transparent process, online portal, fast response times, and cutting-edge technology. The goal of Clear is to provide business owners with a better way to borrow. Each client will receive dedicated personal support as they navigate the loan application, approval, and funding process. With 12 different loan and financing products to choose from, Clear is confident it will have an answer for nearly every business's lending and funding needs.

With Clear, business owners can expect to access larger than average approval amounts at low interest rates. It should also be noted that Clear never charges broker fees for its services. All loan costs and associated fees as well as terms are openly disclosed so each client knows exactly what to expect. Access to the Clear platform is available 24/7, and business owners can check the loan portal or contact a loan advisor from anywhere at any time. 

To date, Clear has over $200 million in closed financings on behalf of thousands of small businesses in all 50 states. Included on the Clear platform are over 100 lenders with an average approval rate of 90 percent. Loans applied for and approved online are powered by one of the most advanced and secure borrower portals in the industry. 

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The Good

  • Loan Products Offered
  • Lender Network
  • Proprietary Lender Match Technology
  • Straightforward Financing

Loan Products Offered

One of the benefits of going through Clear to obtain a business loan is the sheer number of loan products available to businesses through its platform. Those in need of business funding or lending will be able to apply for the following options:

  • Short Term Loan
  • Merchant Cash Advance
  • Line of Credit
  • Term Loan
  • SBA Loan
  • Equipment Financing
  • Invoice Factoring
  • ABL Loan
  • CRE Financing

Not many business loan brokers or providers provide this many options to business owners, but Clear does. Through its platform, Clear allows interested business owners to quickly and effectively apply and get approved for a number of loan products. 

Lender Network

According to Clear, its platform boasts the largest lender network in the industry. With more than 100 lenders to choose from, business owners will have access to more loan products and the best terms available within a certain marketplace due to the sheer number of options.

Select lending partners include the following:

  • Southern Bank
  • Standard Capital Inc
  • SmartBiz
  • Wellen
  • Select Funding
  • Ready Capital
  • Retail Funding
  • Rapid Finance

Having a large lender network only benefits business owners as they navigate the business loans process. The Clear lender network sets it apart from the rest of the industry. 

Proprietary Lender Match Technology

By heavily investing into proprietary technology, Clear provides business owners with one of the more advanced matching platforms on the market.

With the Clear portal, clients can quickly complete the following actions:

  • Evaluate all lending options
  • Quickly view and manage approvals
  • Manage approved loans
  • Secure document database
  • Communicate with dedicated loan advisor
  • Trust in bank level security of the platform

With the Clear proprietary technology, clients have access to a wide range of business loan products and are quickly matched with best possible options. Instead of sorting through countless possibilities, Clear quickly identifies the best options for each borrower and leaves the final decision up to the client. 

Straightforward Financing

Through the Clear portal, financing is made easy and straightforward. Prospective borrowers simply apply for the loan product that best suits the needs of their business. Soon after that, borrowers can view approvals and adjust the terms in an effort to set the ideal funding amount and loan term length. All closing documents can then be submitted entirely online and the loan is funded. This eliminates the guessing and waiting game that so many borrowers have to deal with when working with competitors. 

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The Bad

  • Founded in the Last Five Years

Founded in the Last Five Years

Clear was founded in 2019. Although it's only been a few years, the company is well-established, with its employees having decades of experience in the industry. Clear also has positive customer reviews, highlighting that customer satisfaction is high and that the company is a trusted business loan provider. 

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The Bottom Line

Clear provides a number of loan and funding solutions to small businesses all across the country. With so many loan products to choose from, business owners seeking a loan and funding are bound to find the solution that best suits their company’s needs.

The lender network is one of the most impressive aspects of Clear with over 100 to pull from. With its proprietary lender match technology, an average of 90 percent of Clear clients are approved for a loan product through the platform. The straightforward financing tactics implemented by Clear ensure that all business owners understand all associated terms of their loan and eliminate any potential confusion. 

Small business owners looking for a streamlined and straightforward lending process will likely benefit from what Clear offers to its clients. With a number of loan products to choose from at affordable rates, there is a solution for a plethora of small business needs. 

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Star Rating

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4.8

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114 Reviews

Review Breakdown

5 grade

90%

4 grade

7%

3 grade

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2 grade

0%

1 grade

3%

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Charles Lewis New York, NY

I've obtained Equipment Financing and a Line of Credit through Clear, both of which significantly contributed to the growth of my business. I really appreciate the convenience of their online portal, and if I ever decide to pursue another loan, I find it incredibly simple to apply by just submitting my latest bank statements. Their process is fantastic!

1 year ago

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Tanner Palacio New York, NY

Their expertise, personalized guidance, and commitment to finding the best financial solutions create positive experiences that leave clients happy and confident in their financial decisions. We're pleased to have discovered a company we can rely on with confidence.

1 year ago

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Reply from Clear

We greatly appreciate your feedback! We're committed to providing expert guidance and tailored financial solutions to ensure positive experiences for our clients. Knowing that you're happy and confident in your financial decisions with us is our ultimate goal. Thank you for choosing our services; we're here whenever you need us!

Sep. 26th, 2023

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Daniel Vazquez

Through Clear’s portal, I applied for both an SBA loan and a short-term loan, and the entire process was seamless. While the SBA loan took a few months to close, the short-term loan played a crucial role in keeping my medical practice afloat during that time.

1 year ago

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Reply from Clear

We're pleased our portal made your loan application seamless. We understand the importance of timely support, and we're glad the short-term loan helped your medical practice during the SBA loan process. Thank you for sharing your experience with Clear!

Aug. 15th, 2023

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Ronald Montoya Los Angeles, CA

I was in urgent need of a line of credit and Clear delivered without delay. The process was smooth, requiring minimal paperwork, and their service was truly excellent. Thumbs up for Clear!

1 year ago

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Reply from Clear

We understand the urgency and we're thrilled we could provide the line of credit you needed promptly. Making the process smooth and efficient is our priority. Thank you for the thumbs up and for choosing Clear!

Aug. 15th, 2023

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Alvin Beeman Los Angeles, CA

Working with Josh was an outstanding experience. He effortlessly guided me through the loan process, keeping me informed at every stage. As a result, I am an incredibly satisfied client.

1 year ago

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Reply from Clear

Hi Alvin. We're delighted to hear that working with Josh was an outstanding experience. Guiding you through the loan process and keeping you informed is what we strive for. Your satisfaction as a client means the world to us! Thank you for choosing us.

Aug. 15th, 2023

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Dean Person Chicago, IL

Clear never fails to impress me. The abundance of options they offer, coupled with their outstanding portal and their professional advisors, make them truly incredible. I simply can’t get enough of their service.

1 year ago

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Nina Lewis Long Valley, NJ

Clear came through to help my business when no one else could. Their portal was easy and convenient. I would apply with them again.

1 year ago

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Reply from Clear

Thank you for the kind words Nina! Our entire team is grateful for your business and we’re so happy you gave us the opportunity to help your business get the funding it needed. Please reach out to us anytime if we can assist further!

Feb. 9th, 2024

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William Caldwell Chicago, IL

Clear stands out in the financial industry. Their professionalism, transparency, and efficient loan advisors are truly remarkable.

1 year ago