Repayment of loan
Repayments are debited from the customer's main business account. All amounts and payment status can be checked in the personal dashboard on the Clearco website after logging into your account.
Repayment dates depend on the product (financing, renewal, etc.) and will be communicated to the customer.
Conditions of loan extension
Clearco enables the extension of payment terms for your business invoices. For example, it allows the extension of payment terms from 30 days to 180 days.
The extension of payment terms is done in several steps:
pre-approval;
account verification for new users;
complete the application and submit it for review;
ensure all your sales accounts are linked to the Clearco account approval.
Renewal plans are for 1-6 months, and fees range from 1.5% to 7.5% of the invoice amount. Payments to Clearco begin 30 days after the invoice is paid.
Any request for such service and its cost should be made to Clearco.
Early payoff
For more information on the repayment process, contact Clearco. As a rule, lenders allow early repayment in accordance with general practice.
