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Clear

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LAST UPDATED: November 17th, 2022

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. 

View Best Business Loan Companies

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Clear Frequently Asked Questions

Is Clear a lender?

Clear is a business loan marketplace and is not a lender.

How is Clear able to secure better loan terms than its competitors?

Having the largest lender network and a proprietary lender match system gives Clear a huge advantage over its competitors in terms of approval amounts and pricing. Many of its lenders also offer the company preferred rates because of the volume of business it does.

Why should I use Clear instead of my local bank?

Clear probably has a much wider variety of loan products the your local bank. And the company is certainly faster. Also, your bank is just one lender. With Clear, you have access to over 100 lenders.

How much does it cost to use Clear?

There is no fee to use the company's services.
Message from
Clear

Our Mission is Clear — To create a better borrowing experience through advanced technology and dedicated personal support.

We have cutting-edge technology that’s user friendly. Our secure loan portal gives you complete control over your business borrowing. From anywhere, at any time. And our technology ensures you’ll receive the best terms available in the marketplace. Just log in!

Think of your advisor as your own full-service loan concierge. Your loan expert can guide you on finding the loan product that is right for your business, help you understand terms, negotiate with lenders on your behalf, provide application updates, and much more.

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Star Rating

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9 Reviews

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Verified Customer

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Review Source

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Samuel Felch Littleton, CO

Much better process than my local bank. It took my credit union one month to even process my application. They were inundated with loan applications so I needed to take another route. A friend of mine recommended Clear and she spoke highly of them, so I decided to give them a try. Their website was easy in the eyes and I was able to submit my application within minutes through their portal without any issues. I was approved for a short term loan within a couple of hours and the funds were in my account the next day. Clear is now my go-to company for business loans. They are truly phenomenal!

2 weeks ago

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Verified Customer

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Review Source

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Jeremy Maurice Miami, FL

Clear offers a variety of lending products with flexible terms. We are quite pleased with their rates and customer service. We strongly recommend Clear to all business owners!

3 weeks ago

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Vanessa Black The Bronx, NY

They were friendly, patient and informative with any questions or concerns I had. Their portal was very easy to use and they kept me updated until I received my money. Thank you so much for all your help!

3 weeks ago

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Verified Customer

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Roberto New York, NY

I appreciate Clear for taking their time to help me understand which loan product was best for my business. Thanks again!

3 weeks ago

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Kelly Cooper Phoenix, AZ

The entire team at Clear delivered what they promised. I received my loan in one business day with no headaches or stress.

4 weeks ago

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Michael Holland Los Angeles, CA

Clear was quick to respond to my loan request and they provided several options for my restaurant. Their terms were affordable, reasonable and they funded my account in 1 business day. I recommend Clear to all business owners.

3 weeks ago

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Zandra Reznick Miami, FL

Emily was so friendly and professional. She has the experience, knowledge and personality that can’t be replaced. If you need a business loan, please work with her. You will not regret it.

1 month ago

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Reply from Clear

Hi Zandra. Thank you so much for sharing your experience with us. Emily will be thrilled to hear your kind words. We look forward to working with you again.

Nov. 9th, 2022

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HappyClient

Best loan experience I’ve had. Received funds for my business in 1 day and the terms were great.

1 month ago

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Daissy Jack New York, NY

My loan advisor Emily provided prompt communication and excellent service across the board. She is truly amazing!

3 weeks ago