Clearbanc offers Chrged loans to Facebook advertisers
Clearbanc, which specialises in providing financing to online businesses, has partnered with Facebook on a new service offering loans of up to $500,000 to companies that advertise on the social media site. The Chrged programme uses sales and ad buying data from companies' Facebook accounts to decide whether to offer the funds, which are then repaid from sales revenue. The model allows companies to raise capital for investment for a flat fee of 10%, without giving up equity.

You have to spend money to make money, and financial technology company Clearbanc now has a way to get some of that money to brands on Facebook.

Clearbanc and Facebook teamed up to launch the Chrged program, which gives advertisers on Facebook that connect their ad accounts on the social network and their payment processors access to:

Custom financing of up to $500,000, with flexible repayment options

Financial support

Cross-border resources

Learning tools via the Facebook Blueprint e-learning initiative

Clearbanc said in a release introducing Chrged that it will establish affordable, fixed fees for businesses, adding that credit checks are unnecessary as advances of financing are based on companies’ business data.

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