Talk:Clearco

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For anyone trying to understand what is offered, in simple terms they provide a loan. Their website calls it an investment, because on their side it is an investment. They invest money into various businesses with the goal of making money off it. However, as a client, it is a loan as you get a lump sum and then are expect to gradually pay it back plus an extra amount. How it differs from a regular loan is that instead of having an interest rate, there is a flat fee that is listed up front.

Based on the information they provide on their website:
Pros for being financed: (presuming no fine-print shenanigans)
- Taking the full term to pay off the debt will not cost more, since there is no interest rate.
- There may not be a term (deadline) to pay back by.
- The final total owed is known up front.
- On their website, they claim to take payment based on your actual revenue, so when you make less you pay less.
Cons:
- You don't save money by fully repaying it early.
- When you make more money, they take more money. How much you pay will constantly change with your revenue.
- How much you pay is based on revenue, so might not take into account your profit margins.
- They want access to your operational accounts so they can see your revenue.
-- This is so you can't cook the books on them, but also means they have access to your accounts.

They are another company that uses purchased marketing lists. I know this because the email I received was addressed to the previous owner of the business and sent to his old email address. In my case, it has been over 2 years since the business changed hands and the circulated marketing lists haven't caught up. This tells me that they did no research into my business at all, since I have clearly indicated where to send such emails. They do have basic information about my company on the list they purchased, as they claimed to have happened to find me when looking for products of the general categorization of my business. That person then said they are the head of the department covering the general categorization of my business. To look at the logic... this person leads the department for this category, which means they have enough clients of the category to have someone dedicated to managing it. And this person for some reason was randomly browsing the internet because of all their current clients, they couldn't find what they needed. — Preceding unsigned comment added by 184.65.217.231 (talk) 20:59, 8 July 2020 (UTC)[reply]

New name Clearbanc --> Clearco[edit]

The company seems to have renamed itself to "Clearco".https://techcrunch.com/2021/04/20/clearbanc-unicorn-clearco/ , https://clear.co/about-us/ The title of the article should be adapted. Magicofiore (talk) 14:51, 31 December 2023 (UTC)[reply]