This time, Guesty partnered up with Clearbanc, a financing company determined to help promising entrepreneurs succeed.
Clearbanc offers growing companies capital of up to $5M and bases that sum exclusively on business data, rather than credit reports and personal assets. Clients are given a fixed fee, up front, which they can pay as they earn, and advances are transferred in as little as one to two business days.
Property management companies invest their Clearbanc capital into valuable business initiatives such as marketing, acquisitions, renovations, the purchase of additional units and technological development.
Since launching in 2015, Clearbanc has proven that it can significantly bolster business for property management companies, helping them to increase each client’s average number of bookings by 212% and listings by 33%, both within six months. Clearbanc also significantly contributes to profitability, boosting revenues by an average of 62% in half a year.
As Guesty’s primary mission is freeing up property managers so they can dedicate more attention to the advancement of their businesses, the partnership was a no brainer. At Guesty, we offer convenient, time-saving solutions to meet all management needs. Our smart technology and advanced features centralize and automate tasks so that advertising properties and facilitating the rental process is smooth and hurdle-free.
With all the time Guesty saves our customers on regular business operations, they are finally able to get back to building their brands and their businesses, and that’s where Clearbanc comes in.
As we said, Clearbanc determines the value of each advance by assessing business data exclusively. With the Guesty/Clearbanc integration, property managers can instantly and effortlessly provide Clearbanc with all information pertaining to their reservations, listings and locations, so that Clearbanc can get comprehensive insight into their operation. Once Clearbanc reviews the relevant data, they can make an informed decision regarding the amount of capital the client needs to succeed.
Said one client of both Clearbanc and Guesty, “Within the first 6 months of working with Clearbanc, we’ve added more than 70 additional properties. Much credit goes to the whole team for allowing us to build the business we have today.” When these two powerful resources join forces, the possibilities are endless.
If you’re interested in learning more about property management and discovering the many ways Guesty's platform can help your business, we invite you to a free one-on-one session with one of our experts.