Choose a country
Choose a city
Choose a city
Choose a language
Select country
Choose a country
United States
Việt nam
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Clearco's application


How to apply

See the Eligibility Requirements section in the Help Center for complete eligibility criteria.

  1. Clearco supports e-commerce and SaaS (Software as a Service) businesses in a corporation or LLC legal form.

  2. The business must have a stable turnover of at least $10,000 per month for at least six consecutive months;

  3. The applicant must be incorporated in one of the countries listed below:

  • Canada;

  • The USA;

  • Australia;

  • United Kingdom;

  • Ireland;

  • Belgium;

  • Germany;

  • Finland;

  • Austria;

  • The Netherlands.

Application details

The application includes information about the nature of your business, type of business, revenue, the reason for applying, and your contact information;

The lender will tell you what documents to include for consideration of your case.

  1. The application process begins with the profile creation;

  2. You must fill it out and connect your sub-accounts;

  3. Submit an application;

  4. Submit requested documents;

  5. You will receive the decision;

  6. You should choose one of the financial solutions offered;

  7. Sign the contract;

  8. If you are approved, you will get access to the financing.


How long does it take to get approved by Clearco?

Before approval, Clearco must verify that the company and its project meet the eligibility criteria. It usually takes 1-2 days at most to receive the result.

Does Clearco verify income?

Yes, a stable income within certain limits, including minimum requirements, is one of the eligibility criteria to obtain financing from this lender.

Does Clearco hurt your credit score?

Clearco has no credit score requirements, and there is no information in the open sources as to which credit bureaus (if any) it refers bad debtors to. In addition, payments are made during your business, and there is no specific repayment date.

Calculate loan payments in Clearco

Clearco calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

10000 $
20000000 $
Loan term

Specify the loan term for the calculation


What to pay attention to when applying for a loan from Clearco

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Clearco from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
Your comment has been added
Your complaint has been recorded
Invalid username or password
Please log in to like/dislike
Invalid SMS code has been entered
All Clearco’s reviews by September 2022
Leave feedback

Similar companies

33 City Centre Dr #510, Mississauga, ON L5B 2N5
1 844 446 3279
TD Canada Trust Tower, 161 Bay St. 27th Floor, Toronto, ON M5J 2S1
Auto Loan Solutions
3200 Bloor Street West Toronto, ON M8X 1E1
License No. 6482091
130 Adelaide St W, Suite 3100, Toronto, Ontario, Canada, M5H 3P5.
Symple Loans
161 Bay Street, Suite 2700 Toronto, ON, M5J 2S1