Lender
Rating by Finanso®
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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 PayOff

Advertiser Disclosure

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.

Clearco repayment

FAQ

How do I make payment to Clearco?

Repayments to Clearco are debited from your primary bank account.

If you are interested in other forms of repayment, you should contact the lender and check such a possibility.

Detailed information about your invoices can be found on your online dashboard on the Clearco website.

What happens if you don't pay back to Clearco?

The collection procedure is not described, but according to the legislation, the loan must be repaid. When problems arise, the lender usually tries to help the borrower get back on track and repay the loan; if this fails or the borrower is unwilling to cooperate, the lender has the right to take further legal action. For further details, you should contact the lender to see if they will consider selling debt to third parties, etc.

Can you pay Clearco early?

Clearco offers a flexible repayment plan, where repayment begins on the second day after receiving the financing. At the same time, repayment is linked to your income flow, and there is a fixed fee for credit use without compound interest. 

If you wish to repay early, you should contact the lender and discuss the possibility of earlier billing to close the loan early.

Can Clearco sue you?

Clearco has flexible and friendly financing terms, but since it is a commercial project, the company may use all legal means to recover the borrowed money and its fees.

Financial products
Clearco
Business loan
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
$10,000-$20,000,000
Rate
i

Effective interest rate on the product

up to 7.5%
Term
i

Loan term for the financial product

up to 180 days
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Rating by Finanso®
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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.

Recommended FinScore™
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$500-$300,000
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Effective interest rate on the product

set individually
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Rating by Finanso®
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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.

Recommended FinScore™
0
300
650
1000
up to $1,500
Rate
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Effective interest rate on the product

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Calculate loan payments in Clearco

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

Clearco calculator
Interest rates are given in accordance with the rates of the Clearco of 19.06.2024
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