Clarify Capital is a loan broker that offers small business financing solutions for a wide variety of borrowers. With loan options such as term loans, lines of credit, and equipment financing, business owners needing financing can be presented with multiple loan options with a single application.
In this review, I will go over Clarify Capital’s loan offerings, application process, and general features so that you can determine if it might be a good fit for your business financing needs.
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Clarify Capital Overview
Clarify Capital is a boutique lending firm based out of New York City founded in 2017. It prioritizes helping small businesses get access to financing. It does not offer funds directly but rather partners with its large network of over 75 lenders to provide a variety of business financing options from which borrowers can choose.
With a single application, you can be matched with various eligible lenders and compare rates and terms all at once. By utilizing a simple and transparent process, borrowers can take advantage of convenience and a prompt application and approval timeline.
The company aims to help level the playing field in getting small and midsize businesses access to funding and has built a marketplace with the intent of keeping costs low and opportunities high. There’s also a strong focus on maintaining client relationships and continuing further financing opportunities for existing customers.
It has a team of experienced small business lending professionals, which is available to you as dedicated financial advisors. Together, you can work with them to ensure you get the best rates and terms, suitable for your qualifications and business needs.
Who Clarify Capital Is Right For
Clarify Capital offers various forms of financing through its lending network, which can be applicable to many business industries. In speaking with its representatives, it’s evident that the company values transparency and wants to make financing accessible for small and midsize businesses and aid in their growth.
That said, it may be best suited for borrowers who:
- Want multiple lending options: As a broker, Clarify Capital can match you with many providers with just a single application. This is beneficial for borrowers looking to maximize their lending options and determine what kind of financing is best for their business needs.
- Need assistance with comparing providers: Financial advisors are available to walk you through the process and help you evaluate your eligibility and financing options best suited to your business.
- Seek to save time and money: Instead of researching and applying separately for financing across multiple lenders you might be interested in, utilizing a broker can save you time and money by allowing you to evaluate your financing options all at once.
- Want a customized financing experience: With knowledgeable advisors and numerous lending options, applying with Clarify Capital offers a customized experience that’s tailored to meet the specific needs of your business.
Pros & Cons of Clarify Capital
| PROS | CONS |
|---|---|
| Is widely available across various states and industries | Has rates, terms, and qualifications that can vary per participating lender |
| Has multiple financing options from numerous lender partners | Doesn't offer direct financing |
| Offers a positive customer experience that often leads to repeat customers | Has no physical locations to apply or speak with a lender |
Loan Types Offered by Capital Capital
Depending on your business financing needs, Clarify Capital offers financing options through its lending partners that can be both secured or unsecured, Rates, terms, and qualifications can vary. That said, below are some of the financing options available, with general guidelines of starting rates and terms you can expect to see:
Financing Amount | Est. Starting Rates | Repayment Term | Repayment Schedule | Funding Speed | |
|---|---|---|---|---|---|
Up to $5 million | 6% and up | 6 months to 24 months | Monthly | 24 to 48 hours | |
Line of Credit | Up to $5 million | 5% and up | Varies | Varies | 24 to 48 hours |
MCA | Varies | Varies | Varies | Varies | As little as 24 hours |
SBA Loan | $5,000 to $5 million | 5.75% and up | Varies | Monthly | 3 weeks |
Equipment Financing | Up to 100% of equipment value | 6% and up | Varies | Monthly | 24 to 48 hours |
Invoice Factoring | Up to 100% invoice value | 0.5% per month and up | Varies | Varies | Within 24 hours |
Note that these are starting rates and terms, and actual loan details may vary widely based on your qualifications as a borrower, the amount and type of financing you seek, and the eligibility requirements and risk tolerance of the participating lender. Clarify Capital fees may also vary with these same factors.
Qualifying for a Business Loan From Clarify Capital
Credit Score | 500+ |
|---|---|
Time in Business | 6 months |
Annual Revenue | $120,000 ($10,000 in monthly revenue) |
Since it’s a broker, Clarify Capital requirements are actually designated by the participating lender and will differ based on the loan type you seek. However, it offers general qualification guidelines in which you may be considered eligible for financing, as represented in the table above.
In my experience of speaking with a representative, I was told that there’s a definitive focus on building client relationships and finding accessible financing opportunities for businesses with a variety of qualifications and that they will work with you to determine solutions applicable to your circumstances regardless of your financial standing.
In addition to the general requirements above, other necessary requirements include that you must:
- Have a business bank account, with 3 months’ worth of recent bank statements to verify income
- Be located or incorporated in the United States
How to Get Financing From Clarify Capital
To begin the application process, you can fill out and submit the application form for review through the Clarify Capital website. The application process is simple and can be completed typically within 2 minutes. It generally involves the following four steps.
Step 1: Access the Online Application or Call Directly
You can complete Clarify Capital’s online application and provide your basic business details, credentials, and financing request through the online portal. Alternatively, you can call Clarify Capital directly at 877-838-3919. There are no application fees or obligations to accept a financing offer, and the process can be completed in as little as 2 minutes.
Information you’ll need to provide includes:
- Requested financing amount
- Time in business
- Monthly revenue
- Credit score
- Your name
- Company name
- Contact information (email, mobile number, etc.)
Step 2: Get Matched With a Lender
Based on your financing needs and qualifications, your application will be reviewed by a representative, before being matched with applicable lenders that meet your business financing request.
Also at this stage, you’ll be paired with a dedicated advisor. If you have questions, your advisor will facilitate a phone call to understand your business and its financing needs, work with you throughout the rest of the process to ensure your experience is tailored to meet your goals and pair you accordingly with applicable lenders.
As a potential client, you will be kept up-to-date throughout the entire process. You will also be notified of details as to whether you were approved by the partner lender or be provided with reasoning for denial if not approved.
Step 3: Review Your Financing Options
You can work with your dedicated advisor to review your financing options and compare rates, terms, and features to ensure you get the best deal for your business goals. Financing options may vary depending on your specific request, and you should evaluate your options carefully before entering into an agreement.
Step 4: Get Funding
Once you’ve been approved and determined the best lender for your business financing needs, you can get access to loan funds in as little as 24 hours. Should you need further assistance, your advisor can help you any step of the way throughout the course of your loan term.
Clarify Capital Alternatives & Comparison
If you’re wondering how Clarify Capital features compare with other providers, I’ve put together some alternatives that offer similar products and services for you to consider.
Direct Lender or Broker | Financing Types Offered | Recommended Credit Score | |
|---|---|---|---|
 | Broker |
| 500+ |
 | Direct Lender |
| 625+ |
 | Broker |
| 600+ |
Best For | |
|---|---|
| Borrowers wanting to apply with a direct lender: Bleuvine offers fewer financing options than Clarify Capital. However, it’s a great choice for borrowers who prefer to work with a lender directly and don’t need multiple financing options. |
| Borrowers with a variety of financing needs: Lendio is another broker that offers numerous financing options, even more so than Clarify Capital. It is startup-friendly and also has a large network of partner lenders. |
Fit Small Business Ranking
When reviewing Clarify Capital as a business loan provider, there are a few common factors that I took into consideration when assigning a rating. Overall, I evaluated general features, product details, customer experience, and the application process.
Note that assigned ratings are not based on an individual lending experience, but rather on the variety of elements that would impact the lending experience for a typical small business borrower.
Criteria | Our Rating |
|---|---|
OVERALL RATING | 5 ★ |
Flexible Qualification Requirements | ★★★★★ |
Loan Costs & Affordability | ★★★★★ |
Customer Service & Experience | ★★★★★ |
Ease of Application Process | ★★★★★ |
Transparency & Accessibility | ★★★★★ |
Rating Explanation: | |
Customer Testimonials of Clarify Capital
Clarify Capital has excellent reviews from small business owners who have utilized its products and services. In fact, this is demonstrated by its 4.9-star rating from Trustpilot, inclusive of over 400 reviews. Highlights from customers include a quick application and funding process, transparency of terms and conditions, and customer service provided by its advisors.
Google reviews also provide a positive outlook of the customer experience, as it also has a 4.9 rating based on about 150 reviews. Keep in mind, these reviews are based on various services and experiences, not singular products. That said, they provide a positive general overview of the company as a whole.
Frequently Asked Questions (FAQs)
Not necessarily. Overall, it has flexible qualification requirements, considering specific criteria is set by the various participating lenders. Since you can be matched with multiple financing opportunities with various lenders using a single application, you have better odds of approval and finding a solution that meets your business needs.
No. Clarify Capital allows you to submit an application at no cost and with no negative impact on your credit score.
No. Funds issued are from one of its participating lenders. As a broker, Clarify Capital does not issue funds directly, but rather matches you to lenders that will facilitate the loan.
Bottom Line
Overall, Clarify Capital is a great choice for small businesses looking to obtain financing and compare multiple options. Generally, qualification requirements are flexible, and financing is accessible to a wide variety of borrowers. Rates and terms are typically favorable depending on the loan type you seek and the participating lender that issues the loan. If you’re looking for a loan broker who can provide excellent customer service, custom lending options, and a simple application and approval process, Clarify Capital may fit the bill.