Uber is by far the most exciting ride-sharing company to hit the app market and disrupt the entire transportation industry. After being founded in 2009 and going public in 2019, Uber’s market cap is a staggering $44 Billion. With over 1 million drivers in the U.S., Uber supports a thriving culture for independent drivers. However, with rising rent and supply-chain issues, drivers are scrambling to pay their bills, fill up with expensive gas, and update their computers and phones. We are the first lender to offer instant loans for Uber Drivers. Continue reading to find out more.
Who We Are and Why Loans for Uber Drivers
We are the first lender who can offer nearly instant funding for Uber drivers. In as little as 8 minutes, you can have up to $5,000 in your bank account to use for any important business expense.
We’ve been helping small businesses get the fastest working capital when traditional banks won’t lend. Since 2015, we have helped thousands of businesses receive same day or next day funding all the way up to $2 million dollars.
Now we are excited to announce our new instant independent driver loans. What’s truly exciting about these business advances is that drivers or business owners only need a personal checking account instead of a business checking account.
Why Use Loans for Uber Drivers
Most Uber drivers work for more than one driving service just to make ends meet. If an emergency arises, like getting a flat tire, most drivers don’t have an extra $500 lying around.
With our instant self-employed loans, Uber drivers can now get funds 24/7 – even on the weekends, because of our 100% automated application process. With no need for human underwriters, our automated funding platform can give you a decision in a few seconds after connecting your checking account.
Loans for Uber Drivers Requirements
Here are the requirements for Uber Loans: Must be in business for at least 3 months, and be doing $3,000 a month with your business. You must be making at least four deposits into your checking account each month that is business income, cannot be from a job.
We can offer up to 25% of your monthly revenue, so if you are doing $5,000 a month with your business then you can probably get up to $1,250, as long as your bank account is healthy and doesn’t have too many negative or inconsistent days.
Instant Uber Business Loan Rates and Repayment
Our instant driver loans do not require collateral or even a FICO score. The main requirement is steady revenue and minimal negative days and no past defaults with other lenders. We accept business checking as well as personal checking, which has greatly improved the approval rating for everyone.
Terms are 8 to 10 weeks long, and up to 16 weeks if you seek additional funding. The repayment is weekly through ACH. The rates are factor rates and range between 1.20 to 1.60.
Again, if you have great credit, you can always go through a bank, but you won’t get funding for a week or two. These instant advances are for people with bad credit, no credit, or only have a personal checking account for thor business.
How to Apply for Loans for Uber Drivers
To apply, simply click the link under here and apply. There is no hard credit check, no fees, and you can see the pre-approval amount if you qualify. You can accept the amount or decline the amount. It’s up to you. We also have instant Lyft loans and Instacart Loans. Thanks for reading and good luck. We hope you can get the funds asap so you can stay driving!
(Sorry, not available in California or New York right now.)
Erik C. Johnson