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What Is Giggle Finance?
Giggle Finance Review: Financing for Independent Contractors
No matter how hard you work, rides you accept, or hours you drive, sometimes you need more money than you can get in a day.
Unexpected rideshare expenses, such as a total vehicle breakdown, maintenance, or needing a new phone, can all be too much.
Plan A is to have an emergency fund ahead of time. But when that isn’t possible, what’s Plan B?
When money and time are tight, Giggle Finance can help.
What Is Giggle Finance?
Giggle Finance is a tool that will allow you to get cash quickly when you don’t have other options.
Giggle Finance provides financing based on your actual income, not your credit score.
It does not run your credit; instead, it connects to your bank account to see how much money your business or side-hustle has made. Then you sell your future income, based on your past income.
Unlike a traditional loan, Giggle Finance is able to provide funding if you have been in business for as little as 3 months instead of 2 or more years.
Is Giggle Legit?
Yes, Giggle Finance is legit.
Whenever a business offers to give you money, the first thought will always be whether they can be trusted or are a scam.
It’s true that Giggle Finance is not a traditional loan or a credit card, but gig workers aren’t traditional employees. We need something that matches what we do, understands us, and is willing to work with us.
Traditional financing is designed for W2 employees and established businesses. Giggle Finance is built and designed for small businesses that are just getting started.
How Does Giggle Finance Work?
The Giggle Finance process is quick and easy:
Simply fill out basic information about your business
Connect to your bank account
Wait as little as 8 minutes for approval
Get your funding
Is My Banking Information Safe?
Giggle Finance keeps your bank information secure using 256-bit encryption.
Your bank information is never stored, viewed, or displayed, which ensures that your personal information stays personal.
Do I Qualify For Giggle Finance?
If you are a rideshare driver, delivery driver, freelancer, or in any way self-employed, then you could qualify for Giggle Finance.
As long as you meet the other qualifications of:
Been established for at least three months
Have a bank account with online access
Make a minimum of $1,500 per month
If you started driving 3 months ago, make at least $375 a week, and have a bank account with an app, you qualify for Giggle Finance.
How Much Money Can I Get?
The maximum new Giggle Finance customers can get is $10,000. Repeat customers in good standing can get up to $20,000.
However, this all depends on your income.
If you are making the minimum, $1,500 per month, it’s unlikely you’ll be offered the full amount.
Also, once you apply and get funded, Giggle will hook you up with a $25 gas card, just to keep you moving!!
How Fast Will Giggle Finance Get Me Money?
Here is the best part about Giggle Finance.
If you need money today and qualify, you’ll likely get money today.
In fact, the funds are released within minutes of approval, and depending on your bank, that may mean that you have access to them right away.
What are Giggle Finance Interest Rates & Fees?
Giggle Finance does not charge a set interest rate or fee.
The amount you are charged is based on your business and is explained before you finish the application. The fee is based on how much you are borrowing, as well as your risk profile.
Though you do have to go through the entire application process to see what your fee will be, the process only takes a few minutes.
The fee is built into the payoff amount.
There isn’t any benefit to paying it off early, though you can. In fact, it may be an incentive to work a little bit more to get it paid off sooner.
Should I Get Money From Giggle Finance?
If you need money today and don’t have any way to get it, Giggle Finance may be for you.
It is not for everyone, and should not be used for personal expenses like paying rent, going out to dinner, a vacation, or medical expenses.
But if you need to fix your car, get a new car, or cover other unexpected business expenses, then Giggle Finance can be a lifesaver for you.
Plan For The Future
Whether you decide to use Giggle Finance or not, you need to plan for next time.
It is not a question of if an unexpected expense will come up, but when.
As gig workers, we need to have a plan in place for when that happens. Giggle Finance is a great way to help you when you can’t get other help.
Having savings, keeping your car maintained, and working when you don’t need to will all contribute to ensuring your future is secure.
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