馃攳
Business Credit Cards for New Business | NO PERSONAL GUARANTEE | NO CREDIT CHECK - YouTube
Channel: Get Business Credit
[1]
live from columbus ohio this is the get
[3]
business credit youtube channel with
[5]
your host
[6]
josh van horn subscribe now and hit the
[8]
bell notification
[9]
right now to stay up to date as soon as
[11]
we release new business credit gyms
[13]
take it over josh hey what's up youtube
[17]
it's josh with the get business credit
[19]
youtube channel
[20]
in today's video i'm going to be
[22]
covering a new fintech company that
[24]
offers
[25]
a live business line of credit with no
[28]
personal guarantee no credit check
[31]
and it's a fairly new company they just
[34]
launched the product
[35]
and expense management platform in
[38]
january 2021
[40]
so it's a brand new company they
[42]
approved me for ten thousand dollars
[45]
um business line of credit and it's no
[49]
pg
[49]
and they issue physical cards i'm
[51]
waiting on mine to come in the mail
[54]
i'll do another review more in depth
[57]
um in the coming weeks after i get the
[60]
card but i just got approved last week
[62]
and i've been
[63]
playing with the expense management
[65]
platform so make sure you stay until the
[67]
end of this video
[68]
because i'm going to show you how to
[72]
go through the process to get processed
[74]
faster
[76]
application and everything so
[79]
anyways let's get right into it but
[81]
before i do make sure you hit that
[82]
subscribe
[83]
button if you're not a subscriber
[84]
already turn that bell notification on
[88]
so anyways let's get right into it
[92]
so the company is called clear card
[96]
i think there's only one video out there
[97]
about them right now on
[99]
youtube so they're a brand new company
[104]
so the credit cards
[108]
it says the credit card solution made
[109]
for small businesses and nonprofits
[112]
so before i get into all this i want to
[114]
tell you stay until the end because i'm
[116]
going to show you my actual account
[118]
screenshots and they also have an
[122]
app on the apple store and android store
[125]
so just stay tuned anyways it's expense
[129]
management platform
[131]
it controls an issuing of cards all one
[133]
platform
[134]
he uh this is the co-founder
[138]
uh owen and i'll put a link in the
[141]
description
[142]
check that out and you can watch the
[145]
video he explains everything how
[147]
clear card came about and what they
[151]
offer
[151]
and everything so so it's no personal
[155]
guarantee
[156]
it eliminates expense reports seamless
[159]
integration with accounting software
[161]
such as quicken um full control
[165]
organization spending unlimited virtual
[167]
cards you can issue
[168]
for flexible budgeting and it's
[171]
completely free they don't charge
[172]
anything for it
[174]
so i have a link here it's um i'll have
[177]
in the description you go to business
[179]
credit card
[180]
dot app so that's my strategic partner
[183]
link that goes directly to
[186]
um that demo app that you have to
[189]
basically fill out some basic
[190]
information i'll go through that in a
[192]
minute
[193]
but that's how you go through
[196]
the demo to get approved they'll check
[199]
everything out with you and
[201]
see if clearcard is the right fit for
[203]
your business
[205]
even if you're a new business it's okay
[208]
they work with
[209]
you know new businesses startups
[212]
existing businesses
[214]
non-profits all sizes businesses
[217]
whether it's a one-man business or
[220]
hundreds of employees so
[225]
i'm just gonna go through their main
[226]
website here real quick just cover some
[228]
points
[230]
um like i said it's expense tracking
[233]
controls and issuing of credit cards all
[236]
one platform
[238]
um and
[241]
it says like here right here this is
[242]
like their app here stop
[244]
using credit card companies that create
[246]
more work for your business
[248]
the current corporate card companies do
[251]
not serve small businesses
[253]
and non-profits well they require
[256]
personal guarantees for owners and
[258]
create more
[259]
headache and work for employees
[262]
clearcard built a solution that
[264]
eliminates personal guarantees
[267]
and lengthy sign up processes
[269]
complicated expense reporting
[272]
while giving you the full control over
[274]
issuing virtual cards and physical cards
[278]
so the cards are actually um
[282]
partnered i want to say partnered just
[285]
licensed under sutton bank but clear
[289]
card actually
[290]
is unique in the respective you know
[293]
it's similar to divi
[294]
but the difference between i would say
[297]
divvy
[297]
and clear card is
[301]
it's all underwritten in-house so
[304]
basically the owners and founders of the
[306]
business
[308]
of clearcard are basically putting up
[311]
their own money
[312]
to fund your credit line
[315]
and um and also i want to point out
[319]
because i saw other people mentioning
[321]
this
[322]
on another video but clear card it has
[325]
no affiliation and it's not anything
[328]
like first merchants processing
[330]
pavis um
[334]
evada wire anything like that five-star
[337]
processing
[338]
it's not that at all so just stay tuned
[340]
and watch until the end
[343]
and i'll give you my data points and
[345]
make sure you use my link
[347]
to apply because you'll get faster
[349]
processing of your application
[352]
so use the clear card solution and focus
[354]
on what matters how it works
[356]
get up and running in hours not weeks
[359]
instantly issue virtual
[362]
virtual and physical cards flexible
[365]
budget and spending control
[367]
no more expense reports and you never
[370]
have to pay them anything they don't
[371]
charge anything
[374]
so clear card saves you money
[378]
saves on overhead higher to grow your
[380]
business
[382]
uh not for new overhead do more with
[386]
less
[386]
reduce overhead and free up bandwidth
[389]
as it says here
[393]
um let's see here never worry about
[397]
uh overspending because you can control
[399]
all the budget and spending limits on
[401]
the physical cards and virtual cards
[404]
that you issue
[405]
so we're gonna get into my platform here
[408]
with the clear card um
[411]
you can see i just literally got
[413]
approved last week
[414]
and i spent kind of the weekend in the
[416]
last five days or so
[418]
you know using it and um
[422]
setting everything up getting familiar
[424]
with it because as you know i've been
[425]
using
[426]
devi for the last nine months
[429]
so their platform is um
[432]
basically like the same thing but
[434]
different um
[436]
a little bit different features and
[438]
different process on how you set
[439]
everything up
[441]
so like this says the recent charges
[445]
you know some payments domains and stuff
[448]
that i set up
[450]
that i buy you can see the cards you
[453]
know you can issue
[455]
the virtual card you know with a monthly
[458]
budget the monthly budget i put down
[460]
i was like 500 and then my main card i
[463]
put five thousand dollars
[465]
so i got approved for ten thousand but
[467]
you can allocate
[469]
that ten thousand or whatever they
[471]
approve you for
[472]
they may only approve you for a thousand
[475]
two thousand five thousand
[476]
i don't know that's something that
[478]
they're going to look at basically your
[480]
banking data
[481]
and how established you are as a
[484]
business
[485]
so don't get discouraged if they start
[487]
you off with a
[488]
low limit and
[491]
they basically work like american
[493]
express and
[494]
uh also like divi where
[498]
they have options for net seven
[501]
bi-weekly and monthly so don't get
[504]
discouraged if they give you a low limit
[506]
starting
[507]
you want to build that relationship up
[509]
with them and then
[511]
as they feel they can trust you with
[512]
more you can
[514]
request increases and longer payment
[516]
terms
[517]
you know so they're just trying to you
[520]
know lower their risk
[522]
so that's understandable
[525]
um i had to scratch out one of my
[528]
employees name
[530]
so you can see that you know the
[532]
physical card my card
[534]
approved says you know 6800 here
[538]
i can allocate the other 3200
[541]
but you know i'm still getting used to
[543]
this platform so
[545]
um let's see here
[549]
what else i wanted to show you guys so
[551]
like
[552]
basically that's the home page when you
[555]
get into clear card
[557]
and then this is the requests so you can
[560]
request
[560]
like uh basically your request for say a
[564]
card or
[565]
a virtual card physical card your
[567]
employee
[568]
budget um for
[571]
you know your online subscriptions for
[574]
your business whatever it may be
[576]
and then you can hit after you hit that
[578]
request
[579]
you just make it a nickname request for
[582]
you're going to put your employee name
[583]
or whoever it is yourself
[585]
or your employee and then there'll be a
[588]
drop down card
[589]
type and it'll be one time use virtual
[592]
card
[593]
or a physical reoccurring monthly
[597]
card where you can set it to expire
[601]
whenever you want basically
[603]
and whatever budget you want to put down
[605]
in there within your credit limit that
[607]
they give you
[608]
or you can issue the monthly virtual
[612]
card
[612]
or like i said the burner virtual card
[619]
and then under cards you can see here
[622]
you know you see it says active
[626]
active for google office budget i put in
[628]
there and then online marketing budget
[631]
active and then you can see the physical
[634]
card with monthly budget
[636]
it's pending because it's not they're
[638]
not activated yet
[639]
because i just requested them so
[642]
the once i get the physical cards
[646]
then i have to put in the full card
[648]
number to activate it
[650]
and then i'll be active for use
[654]
and then you can see there's a charges
[655]
tab which basically shows all the
[657]
charges for
[659]
all of the cards you know anything that
[662]
you have it will show the total amount
[664]
the date and everything there's so many
[668]
features on this but i can't get into
[670]
everything right now in one video
[671]
because i'm still playing with
[672]
everything and once you do a demo
[676]
um apply and do a demo
[679]
you'll be scheduling right now with um
[683]
one of the two co-founders you'll have a
[686]
zoom call or a conference call with
[688]
and um they will
[692]
basically do the demo with you explain
[693]
it all you know 10 times better than i
[695]
can explain it
[697]
you know um and they'll basically get
[700]
feedback from you and
[701]
see if it's the right fit for your
[704]
business
[706]
um that's how it is right now now if
[709]
they get really busy
[710]
you might you know have a zoom call or a
[714]
conference call with
[715]
do the demo with you know one of their
[718]
representatives
[721]
so down at the bottom it has
[723]
integrations
[725]
so you can set up your quickbooks
[728]
online your desktop and there's a few
[730]
other options in there
[732]
where you can download it and do you
[734]
know the
[736]
edit charges download where you can
[737]
customize you know the accounting part
[740]
of it
[742]
and then this is what the cards look
[743]
like this is a ritual card
[745]
it's issued by sutton bank uh but it's
[748]
all
[749]
underwritten by in-house with clear card
[752]
um founders so
[756]
um they have a mobile app on apple and
[760]
android this is what it looks like when
[763]
you log in
[764]
you know and this is mine
[768]
basically just trying to show you guys
[770]
that i actually got approved
[772]
you know others just putting out
[774]
information about different companies
[775]
i'm showing you
[776]
i actually got approved that's why to
[779]
you know cover out this
[781]
account number because that's that one
[782]
of the active cards that i
[784]
virtual cards so
[787]
like i said i'll make another in-depth
[789]
uh review
[790]
here i would say in a week or two
[794]
but once i get more familiar for my
[796]
device with the
[798]
platform because i'm so used to divi
[804]
so stay tuned for that but i made a few
[806]
little data points here
[808]
clear card works with all size
[810]
businesses new and established
[813]
clear card does not require personal
[815]
guarantee
[817]
clear card is underwritten in-house
[819]
saying that
[820]
they don't have you know venture
[822]
capitals uh
[824]
firms and stuff backing them it's all
[826]
in-house
[827]
clear card is free to use clear card has
[830]
a line of credit terms from
[834]
7 14 and 30 days
[837]
line of credit so you know whatever you
[839]
use
[840]
you know this week you have to pay back
[843]
seven days or 14 days or 30 days
[846]
and that all depends on
[849]
how your approval goes if they give you
[853]
what credit line they give you they will
[855]
set those terms initially
[859]
just build the relationship up with them
[861]
and they will give you
[864]
higher limits and
[867]
better terms it's just working out that
[869]
initial
[870]
relationship just like you have to do
[872]
with just about any bank
[874]
good thing is it's no personal guarantee
[876]
and no
[878]
hard pull credit check and
[881]
clear card is working on being able to
[884]
report to the
[885]
business credit bureaus so you know you
[888]
want to get in now
[889]
if you can get approved because you know
[892]
and
[894]
in due time when they're able to they
[896]
will be able to be reporting to the
[898]
business credit bureaus and
[900]
you know that will help your business
[902]
credit as well
[903]
i want to stress this out as well clear
[906]
card is
[906]
not a pay this card or five star
[910]
first merchant processing anything like
[913]
that it has
[914]
nothing um no affiliation nothing like
[918]
that at all this is
[920]
very similar to debbie
[923]
or brex i should say brax or devi
[926]
they're just
[926]
um you know each of them have their own
[930]
different features
[932]
so anyways i think that's
[935]
it for today i'll just show you real
[937]
quick
[938]
how to apply for the clear card go to
[941]
our partner link for
[942]
faster processing please it's uh
[945]
i just made this website url
[949]
up and you just click on it in the link
[953]
in the description below and it'll
[955]
basically redirect you to
[957]
our landing page that goes to the
[961]
clear card application
[965]
so this is what the page that it will
[967]
take you to
[969]
and there's like a little explainer
[970]
video here this is the
[973]
like i said this is the co-founder of
[976]
clear card
[979]
he has extensive background and you know
[981]
finance and government
[983]
so make sure you watch that just click
[986]
on the button
[987]
to make sure that the sound is on and
[989]
everything
[993]
here's some more information about him
[996]
that's owen
[998]
and then there's uh this it this is what
[1001]
you basically want to fill out
[1003]
so put your information here
[1007]
and then it will go over to
[1010]
what is the it will just basically ask
[1012]
you a few questions so what is your
[1014]
major pain point with corporate credit
[1016]
cards
[1017]
need for a personal guarantee and then
[1020]
um what accounting software do you
[1025]
use see whatever one applies to you
[1028]
so and then what is your current monthly
[1031]
spend so
[1032]
you know put what you're currently
[1035]
spending
[1036]
you know and be honest about everything
[1038]
as well
[1040]
you know um
[1044]
and then what is your main reason for
[1046]
exploring clear card
[1048]
so you can you know can't get cards
[1051]
elsewhere
[1052]
or control my cards work
[1055]
you know save time whatever you know may
[1058]
be for you
[1060]
um if clearcard will save you time and
[1062]
money are you prepared to start the
[1064]
pilot project
[1065]
so this basically means you know
[1068]
if the demo works out for you and
[1071]
you know they approve you are you ready
[1074]
to start using the credit line and
[1077]
expense management platform so you say
[1080]
yes
[1080]
and then once you submit it's going to
[1083]
say
[1084]
let's get started and
[1087]
it's going to be like a 20 minute demo
[1090]
so you can
[1091]
click you know the
[1095]
date and time and you're going to select
[1098]
what appointment times are available
[1101]
and then after you do that you're just
[1103]
going to hit submit and
[1104]
then you will have that demo scheduled
[1108]
then at that point they'll go over the
[1110]
demo it takes like 10
[1112]
15 minutes and if you like what you see
[1115]
then they will have you do the
[1117]
application right there
[1118]
or they'll send it
[1121]
to you send you a link and to fill out
[1123]
and everything
[1124]
it's very easy quick process
[1128]
but like i said i will get
[1131]
more data points and more information um
[1136]
released probably in about a week or two
[1137]
once i start using it more and more
[1139]
i literally just started using it
[1143]
in the last three days so i'm getting
[1146]
used to it
[1147]
anyways like i said if
[1150]
if you guys want to apply make sure you
[1152]
use the link
[1154]
in the description below business credit
[1156]
card dot app
[1157]
that's the site that i want you to go to
[1160]
it's like i said it's going to just
[1162]
redirect you to
[1164]
my strategic partner link with clearcard
[1167]
to their site so please do that
[1170]
help support the channel and also
[1173]
[Music]
[1175]
like i said make sure you hit that
[1177]
subscribe button if you're not already a
[1178]
subscriber
[1179]
if you like this video smash that like
[1182]
thumbs up
[1182]
alright until next time you guys take
[1184]
care bye
Most Recent Videos:
You can go back to the homepage right here: Homepage