Today we are going to talk about instant cash advances for Instacart drivers. Now if you are an Instacart shopper, and you need fast working capital to stay in business to get more gas to fix equipment or whatever you need for your Instacart business, then listen up.
Instant Cash Advance for Instacart Drivers
You can get up to $5,000 in 10 minutes. Now, there is no collateral and no FICO requirements. This is a business cash advance, and we are looking at your revenue.
So, if you’re doing $3000 a month with your business or more, and making four deposits a month into your business checking account or a personal checking account, then you can get up to $5,000.
How Much Money for Instant Cash Advance for Instacart Drivers
We typically can go up to 25% of your monthly revenue. So if you’re doing $5000 a month with your business, then you can probably get $1,250 within 10 minutes.
You can use that money for anything to pay your bills to keep your business going, and if you’re not making enough deposits with your Instacart business then many people drive for more than one company.
You’ve heard of the combination that’s very popular, of people doing Lyft and Uber at the same time. 80% of the majority of drivers do that in the city. It’s the same thing for Instacart or any of these other drivers companies. So if that sounds like you then here are the terms.
Instacart Loan Terms
The terms for our instant cash advance are 8 to 10 week terms, and you pay it back weekly through ACH – so the same checking account you use to apply for the loan is what you’re gonna use to pay it back.
Instant Instacart Loan 24/7/365
It is all automated. The application is automated, the funding is automated, and then payment is automated. We use factor rates instead of interest rates and that is 1.2 to 1.6.
Again, no collateral, no hidden fees, no penalties for paying it off early, and you can draw on this more and more if you need it. It is almost like a business line of credit. And that money is always there for you.
So if you have a flat tire on a Saturday night, or your tank is empty and you don’t get paid for two more days, then this might be something that works for you. This is not available in New York or California at this time, but it is available in 48 other states.
How Many Food Delivery Drivers in the U.S.
The industry right, now I am estimating at least 10 million people are driving for food delivery services, plus the rideshare services as well with Uber and Lyft, and those companies, like Amazon flex, have almost a million drivers. Uber has 1.4 million drivers, DoorDash has over 2 million drivers, and Instacart has over 500,000 drivers.
So it is a thriving economy. They call it the gig economy. But this is not just limited to Instacart drivers. This is available for any independent contractor. There are over 60 million independent contractors in America.
Many of them work for themselves. They work for clients, and they are getting those four deposits a month either in their personal checking or business checking.
Personal checking is now available where in the past we only had the requirement of business checking and many people were declined. Now that we have opened up a personal checking account option, we opened up 80% of the industry. So this is huge and unheard of with instant cash advances.
I have looked online for every program that even comes close to this and they can only get funding in 4 to 24 hours. This is 10 minutes literally from application to funds in your checking account in eight minutes. So if that sounds like something you would want to do, click the link under here and good luck with your business funding!