Amazon’s launch also comes at a time when it’s generally become more cash-intensive to run an Amazon business. Not only are costs of energy and some raw materials rising, but supply chain developments like inventory limits may affect how a brand can restock. In turn, more businesses may seek a quick cash infusion.
Clearco, an e-commerce investor that’s provided cash advance capital to business since 2015, has doled out more than $5 billion in advances to more than 10,000 companies. And popularity is increasing, with a 62% increase in the number of advances authorized from Clearco in the first half of 2022 compared to the year before. Advances are also up in size by 47%.
The advance can range from $10,000 all the way up to $10 million, and are secured with an online application. Approvals tend to go toward founders with more than $10,000 in monthly revenue and have been in business for at least six months."