Clarify Capital — Small Business Lending Marketplace

Clarify Capital operates as a lending marketplace rather than a direct bank lender, comparing offers from a network of more than 75 vetted lenders. One of its co-founders states the company was co-founded in 2017 after years spent helping entrepreneurs find routes to approval when traditional banks declined them. Applicants work with a US-based lending advisor who handles the comparison of offers at no cost to the borrower. The company states that it follows SOC 2 security principles and that it holds a 5.0 trust rating.

• Network of 75+ vetted lenders
• Co-founded in 2017
• Dedicated US-based lending advisor per applicant
• Funding of up to $5M
• APRs starting at 6% for well-qualified borrowers
• SOC 2 security principles

The online application takes under two minutes and asks for basic business details, with no hard credit pull to apply. Lenders in the network then compete to present offers, which applicants compare on APR, term and monthly payment with no obligation to accept. Approved funds can reach a business bank account as soon as the next business day, and the company advertises funding as fast as 24 hours. Documentation typically includes three to four months of recent bank statements.

• Application in under two minutes
• No hard credit pull to apply
• Offers compared on APR, terms and monthly payments
• Funding as fast as 24 hours, or the next business day
• 3 to 4 months of bank statements required

Clarify Capital arranges several categories of small business financing through its lender network. Core products include business term loans, business lines of credit and revolving lines of credit, SBA loans, equipment financing, invoice factoring and invoice financing, merchant cash advances, working capital loans, asset-based lending and home equity lines of credit. Term loans run from $10,000 to $5 million with repayment terms of six to 36 months and rates beginning at 6% APR, while lines of credit are revolving and charge interest only on the amount drawn. Equipment financing can cover up to 100% of the equipment's value, with the equipment itself serving as collateral.

• Business term loans
• Business lines of credit and revolving lines of credit
• SBA loans, including 7(a), 504 and microloans
• Equipment financing and heavy equipment financing
• Invoice factoring and invoice financing
• Merchant cash advances
• Working capital loans
• Asset-based lending
• Home equity lines of credit

Minimum qualifications published by the company include at least $10,000 in monthly business revenue, more than six months of business history, a business bank account, three to four months of recent bank statements, and a business located or incorporated in the United States. Credit requirements vary by product: equipment financing and unsecured products reference a minimum score of 550, while lines of credit and some other products reference scores from 500. The company states that credit is only one factor and that lenders in its network also weigh revenue, cash flow, time in business and growth potential.

• At least $10,000 in monthly business revenue
• More than six months in business
• Business bank account
• 3 to 4 months of recent bank statements
• Business located or incorporated in the US
• Minimum credit score of 550 for many products; 500 for some

The company publishes financing pages for specific sectors, including construction, trucking and transportation, medical and dental practices, restaurants and bars, retail and e-commerce, manufacturing, automotive and professional services. It also arranges funding for cannabis dispensaries through private lenders, an area it notes that many traditional lenders are not equipped to handle. Common stated uses include payroll, inventory purchasing, bridging cash flow gaps, vehicle and equipment purchases, and business expansion such as opening a second location or acquiring a competitor.

• Construction and skilled trades
• Trucking, transportation and logistics
• Medical and dental practices
• Restaurants, bars and retail
• Manufacturing and automotive
• Professional services
• Cannabis dispensaries
• Payroll, inventory, equipment and expansion funding

Clarify Capital frames its offer as an alternative to bank lending, publishing a direct comparison on its equipment financing page. It describes traditional banks as offering competitive long-term rates but moving slowly, typically requiring credit scores of 700 or above and additional collateral or guarantees, with approvals taking several weeks. By contrast, the company states that its lender network can approve and fund within one to two days, accepts scores from 550, and uses the financed equipment as security. It also states that no collateral is required for many of its products.

• Bank approval described as several weeks; Clarify one to two days
• Bank minimum credit typically 700+; Clarify from 550
• No collateral required on most loan types

Clarify Capital operates online at clarifycapital.com, where the application and product pages are hosted. Applicants can also reach the company by telephone on +1-877-838-3919, and lending advisors are described as US-based. The company serves businesses located or incorporated in the United States and states that more than 40,000 business owners have used its service.

• Website: https://clarifycapital.com
• Telephone: +1-877-838-3919
• US-based lending advisors
• Serves US-located or US-incorporated businesses