FOR TECHNOLOGY COMPANIES

Business Loans for Technology Companies

Technology companies often grow faster than their cash. Developers and staff have to be paid every two weeks, while clients pay on 30- to 90-day terms and new contracts mean hiring before the revenue arrives. Clear helps IT service providers, software companies, agencies and other tech businesses get working capital without giving up equity. One application gives you access to short term loans, lines of credit and merchant cash advances from 100+ lenders, with funding in as little as 1 to 2 days.

Apply for Tech Company Financing

Tech Company Working Capital Calculator

Amount Seeking
Desired Term
Estimated Weekly Payment
$0
500,000
Start Application
Funding up to
$5,000,000
Term lengths between
3 - 36 months
Funding within
1 - 2 Days
Time in business
6 months+
Keep Your Equity
Fund hiring and growth with financing instead of selling a share of your company
Bridge Slow-Paying Clients
Cover payroll while you wait on 30- to 90-day client invoices
No Collateral
Merchant cash advances and short term loans require no collateral

What You Need to Get Started

Minimum Qualifications

6 months in business

$250,000 annual revenue

500+ FICO score for a merchant cash advance (600+ for a short term loan)

Required Documents

Completed Application

3 most recent business bank statements

Ready to Get Started? Apply Now

My company does consulting work for the federal government. I don’t have a whole lot of traditional assets but I always have a very high level of reliable accounts receivable. Clear helped me get a long term loan at a great rate and I was able to use my AR as collateral.

Julie R. CEO

Tech Company Financing FAQs

Related: Working capital loans · Merchant cash advance · Short term loan

Yes. Short term loans and merchant cash advances are based mainly on your revenue and bank deposits and require no collateral, so asset-light businesses like software and IT services companies can qualify. If you have reliable receivables, an asset-based loan can use them as collateral.

Common uses include hiring ahead of a new contract, covering payroll while clients pay on 30- to 90-day terms, marketing and sales, and buying hardware or software. Merchant cash advances and short term loans have no restrictions on the use of funds.

A loan is repaid over a set term and you keep full ownership of your company. Equity investors provide capital in exchange for a share of ownership. Many founders use financing for growth with a clear payback, like staffing a signed contract, and keep equity for longer-term plans.

Merchant cash advances and short term loans can fund within 1 to 2 days of approval, and it’s not uncommon for clients to receive funds the next day. You typically need only a completed application and your 3 most recent business bank statements.

Yes, if you’ve been in business 12 months with $400,000+ in annual revenue and a 650+ FICO score. A line of credit of up to $250,000 lets you draw funds only when you need them and pay interest only on what you use.

A short term loan offers up to $5 million over 6 to 36 months with interest from 11%, and generally needs a 600+ FICO score. A merchant cash advance is our easiest product to get approved for (500+ FICO) and offers up to $2 million over 3 to 24 months, priced with a factor rate from 1.14 instead of an interest rate. Your Clear loan advisor can compare offers side by side so you can choose.

For a merchant cash advance: 6 months in business, $250,000+ in annual revenue and a 500+ FICO score. For a short term loan: 6 months in business, $250,000+ in annual revenue and a 600+ FICO score. For a line of credit: 12 months in business, $400,000+ in annual revenue and a 650+ FICO score.

Merchant cash advance payments are made daily (Monday to Friday), weekly or semi-monthly by automatic ACH withdrawal. Short term loan payments are weekly or monthly. With a merchant cash advance, payments are normally tied to a percentage of your sales, so if revenue drops you can usually ask to lower the payment.

Clear is a business loan marketplace with 100+ lenders. One application lets you compare offers across products, and a dedicated loan advisor helps you choose terms that fit your cash flow. See how a programming company, a social media management company, a fast-growing tech business and a security and IT support firm got funded.