Clearco Alternatives

This guide lists five UK focused alternatives to Clearco, so buyers can compare speed, eligibility, products, and pricing before applying.

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Quick Compare:

1. Wayflyer

Wayflyer provides flexible financing solutions for ecommerce businesses. It offers funding from $5k to $20m, with a simple fixed fee model; no collateral required. This option suits UK businesses that want to compare Clearco with other panels or faster routes.

Loan and pricing details

• Min amount: £5,000
• Max amount: £20,000,000
• APR min: 10.95%
• APR max: 24.95%
• Loan durations: Up to 60 months

Funding range note: from 5,000 to 20,000,000 typically

Speed: Within hours for approvals

Interest rate notes: Offers fixed fees instead of interest rates, generally around 5-10% of the funded amount.

Eligibility

• Min trading months: 12
• Min monthly turnover: Unknown
• Credit flexibility: Moderate, based on business performance rather than credit score.

Personal guarantee: No personal guarantees required.

Homeowner advantage: Not required to be a homeowner.

Services and sectors

• Products: term_loan, revenue_based_financing
• Industries: Ecommerce

Best for

• Ecommerce businesses looking for quick funding
• Businesses without available collateral

Pros

• No personal guarantees
• Fast application and approval

Cons

• Higher rates for riskier profiles
• Limited to ecommerce

Sources: https://wayflyer.com/en

2. Outfund

Outfund specialises in revenue-based finance for growing UK businesses. It provides quick access to funding from up to £13M. Its flexible repayment options are linked to revenue, and it offers fast approvals suitable for businesses seeking rapid capital.

Loan and pricing details

• Min amount: £35,000
• Max amount: £13,000,000
• APR min: Unknown
• APR max: Unknown
• Loan durations: Flexible depending on revenue

Funding range note: up to 13,000,000

Speed: Offers in 24 hours

Interest rate notes: Rates are determined by revenue potential, not traditional APRs.

Eligibility

• Min trading months: 12
• Min monthly turnover: £25,000
• Credit flexibility: Flexible with a focus on growth and revenue.

Personal guarantee: Not required, as repayments are revenue-linked.

Homeowner advantage: Not applicable.

Services and sectors

• Products: revenue_based_financing
• Industries: Ecommerce, Tech

Best for

• Fast-growing businesses
• Companies with predictable revenue streams

Pros

• No equity or personal guarantees
• Quick funding and flexibility

Cons

• Dependent on revenue consistency
• May not suit very small businesses

Sources: https://out.fund/en-gb/

3. 8fig

8fig specialises in funding solutions for ecommerce businesses, focusing on supply chain finance and working capital. It offers quick access and flexible repayment options, often tailored to supply chain timelines and business needs.

Loan and pricing details

• Min amount: Unknown
• Max amount: Unknown
• APR min: Unknown
• APR max: Unknown
• Loan durations: Aligned with supply chain timelines

Funding range note: Variable, based on needs assessment

Speed: Fast, supply-aligned funding

Interest rate notes: Funding cost hinges on project success likelihood, not interest rate.

Eligibility

• Min trading months: 6
• Min monthly turnover: Unknown
• Credit flexibility: Focus on business metrics over credit.

Personal guarantee: No personal guarantee needed due to business-focused metrics.

Homeowner advantage: No advantage for homeowners.

Services and sectors

• Products: supply_chain_financing, growth_loans
• Industries: Ecommerce

Best for

• Ecommerce businesses with supply chain needs
• Companies seeking strategic growth funding

Pros

• Customizable funding
• Integrated with business operations

Cons

• Complex for non-supply chain firms
• Requires strong alignment with business plans

Sources: https://www.8fig.co/

4. Uncapped

Uncapped offers revenue-based funding to UK businesses, providing capital from €100K to €2M. Its funding does not include interest rates but involves fixed fees. It is suitable for companies seeking quick access to growth capital with flexible terms.

Loan and pricing details

• Min amount: £100,000
• Max amount: €2,000,000
• APR min: 12%
• APR max: 24%
• Loan durations: Short term, adjustable for business cycle

Funding range note: from €100,000 to €2,000,000

Speed: Decisions within 48 hours

Interest rate notes: No traditional interest rates; fixed fees apply based on revenue.

Eligibility

• Min trading months: 6
• Min monthly turnover: Unknown
• Credit flexibility: Focus on business health rather than credit history.

Personal guarantee: Not common due to focus on revenue repayments.

Homeowner advantage: Not relevant.

Services and sectors

• Products: revenue_funding, short_term_loans
• Industries: Digital, Ecommerce

Best for

• Startups needing fast turnaround
• Digital-first companies

Pros

• No equity or interest costs
• Quick processing

Cons

• High cost if revenue is inconsistent
• Limited to digital businesses

Sources: https://www.weareuncapped.com/gb/

5. Liberis

Liberis provides flexible business cash advances that are directly linked to sales performance. Typically used for working capital and cash flow management, it offers quick access and adjustable repayment options based on future sales, suitable for businesses with predictable revenue streams.

Loan and pricing details

• Min amount: Unknown
• Max amount: Unknown
• APR min: Unknown
• APR max: Unknown
• Loan durations: Dependent on business turnover

Funding range note: Based on daily sales, flexible amounts

Speed: Funds accessible quickly once approved

Interest rate notes: Financing is based on future sales projections, not fixed interest.

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Very flexible with a focus on current and past sales.

Personal guarantee: Typically not required due to revenue-adjusted repayments.

Homeowner advantage: No advantage needed for funding.

Services and sectors

• Products: business_cash_advances
• Industries: Retail, Hospitality

Best for

• Small to medium enterprises
• Retail businesses with seasonal sales

Pros

• Highly flexible repayments
• Seamless with business sales

Cons

• Not suitable for companies with unstable sales
• Higher cost over time

Sources: https://www.liberis.com/

Final notes

When comparing providers, match loan size, timeline, and sector fit first, then confirm current rates and fees with the finance provider. If one option declines your application, a broker or multi lender panel may still place the deal. Different providers cater to distinct use cases, from traditional banks to specialised finance brokers and fast-growth market specialists. Understanding the type of lender suited to your needs can help you access appropriate funding options. For instance, banks often offer secured and longer-term solutions, while brokers can connect you to a wider network of alternative lenders. Reviewing current funding agents at Funding Agent can assist in finding tailored options for your business.