Depending on what city you live in, Grubhub is still #1. However, Grubhub only has 17% of the food-delivery market share. But, don’t take Grubhub lightly – they are still valued at $7.38 Billion market valuation. However, Grubhub drivers are feeling the crunch from gas prices and supply-chain issues. Although the average pay for driving for Grub Hub nationally is $31,000, most drivers barely make half of that due to city size and competition. If an emergency comes up, like a flat tire, Grubhub drivers don’t have an extra $300 lying around. We offer up to $5,000 loans for Grubhub Drivers in under 10 minutes. Read more.
Who We Are and Why Loans for Grubhub Drivers
We have been helping hundreds, if not thousands of businesses, get fast working capital when they are unable to through the banks since 2015. Now, we have just launched a new instant independent driver business loan with access to funds in as little as 8 minutes.
How to Qualify for Our Instant Grubhub Loans
Our funding requirements are simple: you need to be in business for yourself for at least 3 months, generate $3,000 a month or more in revenue, and make four business deposits into your checking each month.
We can loan up to 25% of your monthly revenue, and no collateral is needed. Simply have a health checking account and meet the requirements and the chance of you getting near instant funds is very probable.
Our instant self-employed loans are geared towards independent gig workers, like uber drivers and lyft drivers. However, any person who generates income from a business can qualify – meaning if you get a 1099 at the end of the year instead of a W2, then we can help.
We can even help if you only use a personal checking account for your business, whereas in the past 80% of businesses were declined because they didn’t have a business checking account. We have solved that problem with our new advance.
Why Use Instant Loans for Grubhub Drivers
Most independent drivers barely pay their overhead, especially if they live in a city where rent is over $3,000 a month. Most drivers stack several gig jobs together to pay their bills.
However, one emergency, like your laptop breaking or a tire goes flat, could set you over. Not many people have an extra $600 lying around for emergencies and that’s where our new loan comes in.
By using a completely automated application process, we can get you up to $5,000 in 8 minutes. You can apply, connect your bank, and see your pre-approval amount – if you qualify – in minutes, and either accept or decline the offer. It won’t affect your credit to apply.
Grubhub Loan Rates and Repayment
Repaying your Grubhub loan is automated as well. A weekly payment will come out of your bank weekly through ACH. You have around 8 weeks to pay off the advance and you can have up to 16 weeks to pay off additional advances.
These are not payday loans and the rates are better. Our factor rates are between 1.20 to 1.60 – which is comparable when you factor in that you don’t need collateral or even a FICO to qualify.
How to Apply for Instant Loans for Grubhub Drivers
Working for Grubhub or Doordash can be very exciting, but it is a very competitive market out there and emergencies happen. If you are interested in this loan, please click the apply link beneath here and apply. It won’t affect your credit and you can also have access to funds 24/7 since it is completely automated.