What is Clearbanc?
Clearco is a lending firm led by Michele Romanow that specializes in non-dilutive revenue-share agreements with start-ups. It is known for its "20-minute term sheet", offering equity-free investments in companies. Its CEO is Andrew D'Souza.
Is Clearbanc a good company?
Zakharia agrees that Clearbanc is a good option because it's quick, there's no personal credit check and the entrepreneur doesn't need to put personal assets on the line. In terms of the cost, he says Clearbanc is reasonable when compared with other online lenders.
Does Clearbanc report to credit bureaus?
Payments are not reported to the personal or business credit bureaus. Thus, timely repayments won't affect your personal or business credit score. Also, Clearbanc does not require collateral or a personal guarantee.
Is Clearbanc a bank?
Clearbanc is not a bank, but it will fund your startup.