Are you ready for the holidays? It’s been a rollercoaster year for founders, with eCommerce in Q2 growing faster than the previous five years combined. Now, founders have the opportunity to capitalize on this massive shift to an extended shopping season that’s almost completely online. To help, Clearbanc is launching Upfront Inventory — where for the first time ever, Clearbanc will purchase a company’s inventory upfront directly from suppliers, and Clearbanc is paid back only as the products sell, and no sooner.
Introducing Clearbanc’s Upfront Inventory
Today’s inventory system works against founders, with brands spending more than 50% of their revenues to buy products from suppliers, making them choose between inventory, ad spend, and other expenses. There are very few inventory funding programs available, forcing most founders to take out bank loans with high interest rates.
Now, Clearbanc will buy your inventory upfront directly from suppliers and is only paid back when your products sell. The full offering includes:
- Easy Inventory Financing: all you have to do is connect your 3PL management software to get up to $10 million in inventory financing, and pay it back only when the product is sold with a 6% flat fee.
- Automatic Invoicing: simply upload your inventory invoices and Clearbanc will handle payment on your behalf to inventory suppliers, no matter where they’re located.
- Better Rates with Suppliers: by paying upfront with Clearbanc, founders get more favourable pricing on inventory, saving up to 10% of their purchase and essentially negating the 6% Clearbanc fee.
“As we scale our e-commerce presence, the greatest challenge is having the cash required upfront to meet future demand. With Clearbanc’s data-driven Inventory funding, we can overcome this barrier just by showing our strong revenue history. Now, we don’t have to sacrifice growth, can focus on our marketing and hiring expenses, and explore our true potential in the largest predicted e-commerce Q4 to date.” – Alexander Eburne, founder & CEO of Prepdeck
Do you want to have a record-breaking holiday season? Apply for Upfront Inventory today at https://clearbanc.com/upfront-inventory/.