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Clear

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9.3

Overall Score

LAST UPDATED: March 22nd, 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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4.9

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106 Reviews

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