As a small business owner or a gig economy worker, you know the importance of accessing capital when you need it. A steady stream of cash provides stability to fluctuating incomes, allowing you to fully realize the advantages of being your own boss.
But even though small business owners and gig workers represent more than 50% of the U.S. workforce, many are often wrongfully denied of financing. Conventional lending companies are hesitant to approve their applications because of the unpredictable revenue and short business history.
Giggle Finance is an online finance platform that empowers small business owners and 1099 workers with instant access to capital. Securing financing has never been easier, but is Giggle Finance the right solution for you? Here’s an in-depth Giggle Finance review to help you decide.
You can qualify for up to $5,000 by selling a portion of your future sales. Payments are collected by automated debits until the initial amount (and a small fee) is fully paid. You’ll be able to access the money within minutes.
Your business must be established for at least three months to qualify. They don’t have any credit requirements, making it a great option for those with poor credit. Giggle will instead analyze your bank statements to gauge your risk profile and determine how you can afford to borrow.
Giggle Finance has a simple online application process that takes less than eight minutes to complete. All you have to do is fill out a few details about your business and securely connect your bank account. They highly value your privacy and emphasize that usernames and passwords are never viewed, displayed, or stored.
As mentioned, you need to fill out basic information about your business, as well as your bank details. They’ll need your name, email, contact number, and monthly business income. Application is free, and it will not affect your credit score.
Once you’ve submitted the basic information about you and your business, the next step is to sync your bank account. You don’t need to submit other paperwork to receive the money.
If you qualify for financing, your application is granted almost instantly. You’ll then review the terms, rates, and loan amount you qualified for.
Once approved, Giggle will wire the money into your account as soon as possible.