Clicklease provides a payment solution that connects equipment vendors with small businesses through a proprietary algorithm that enables instant approvals without considering FICO scores. This approach allows businesses that typically struggle to secure funding to access affordable payment plans, facilitating same-day funding and increasing vendor sales by over 41%.
Funding
$174.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SPFounders
Product
Problem
Many small businesses struggle to secure traditional financing for equipment purchases due to low FICO scores or limited credit history. This lack of access to capital can hinder growth and prevent them from acquiring necessary equipment.
Solution
Clicklease provides a payment solution that enables equipment vendors to offer financing to a broader range of small businesses. Their proprietary algorithm allows for instant approval decisions, even for businesses that may not qualify for traditional loans. By offering affordable payment plans, Clicklease empowers these businesses to acquire the equipment they need, while simultaneously increasing sales for equipment vendors through same-day funding.
Target Audience
Clicklease primarily targets equipment vendors looking to increase sales by offering financing options to small businesses that may not qualify for traditional loans, including those in manufacturing, restaurants, salons, and auto repair.
Features
- Instant approval decisions via a proprietary algorithm that doesn't rely on FICO scores
- Rapid application process, completed in under 3 minutes
- Same-day funding for equipment vendors
- Increased average order value (AOV) for vendors by over 41%
- Increased website conversion rates for vendors by up to 30%
- Application tracking for vendors