What is Giggle Finance? Is Giggle finance legit?

Securing a loan is getting increasingly hard in these tumultuous times. You need to have a steady job and a good credit history to get even a moderately decent loan. According to the statistics more than 50% of the working people in United States earn income as freelancers, independent contractors and small business owners. If you are a part of one of these groups you most likely know how difficult it is to get a loan from the bank.

Banks usually prefer someone with a stable income and they always ask for pay stubs and other financial documents before they consider giving you a loan and they might reject your application all together if they see you as a high risk client.

This is where Giggle Finance comes in, because of the demand many companies are moving in this space to give out loans to small businesses with a lot less paper work. Giggle Finance is getting more and more popular among small businesses and their positive reviews are also growing on Google. In this article you will learn more about this company, how it works and we will help you decide if you should apply for a loan with Giggle Finance.

What is Giggle Finance?

Giggle finance is a financial technology company that has created a good online presence by helping small businesses expand. They support small businesses and gig economy workers who earn 1099 income get quick access to cash of up to $5000. The qualifying criteria is simple, to qualify for a loan you must be self employed with a work history of more than 3 months and earnings of more than $3000 per month.

Giggle Finance funding process is super simple and can be completed in under 10 minutes, their speed and transparency make them the top choice for a lot of independent contractors.

How does Giggle Finance work?

giggle finance

In order to apply for a loan through Giggle Finance platform, you will need to fill out the online application form that is available on their website which should take you less than 10 minutes. The application process is easy and the system will take you through a series of 6 steps which will gather all the required information.

Step 1: How much cash does your business need?

This is a straightforward step; in this step, Giggle Finance wants to know how much money do you need? You will have four options to choose from:

i) $500 to $1,000.

ii) $1,000 to $2,000.

iii) $2,000 to $5,000.

iv) more than $5,000.

Step 2: What type of business do you run?

In this step, they want to learn more about your business to understand your income better. Here you can specify the name of the business you own or put down the name of your gig work, for example, Uber driver, Doordash driver, Instacart worker, etc.

Step 3: When did you start your business?

This step is super simple; they want to know how long you have been working. Select the month and year from the calendar on the form, and you are good to go.

Step 4: Link your Bank Account?

Next, Giggle Finance wants to get details of your bank account so they can deposit the money directly to your account. They have also confirmed that linking your bank account will not affect your credit score and before entering the bank details, make sure you meet the following requirements:

1. Your bank account must be at least three months old.

2. Your bank account must be your primary bank account.

3. You must verify that you earn more than $3000 monthly.

When you answer the three questions above, yes you will be redirected to a secure technology called Plaid where you can link your bank account to your Giggle Finance account. The form will ask for the name of your bank then it will ask for your login credentials which Giggle Finance will then use to determine if you qualify for the loan.

After you link your account, Giggle Finance can analyze your income and expenses. Suppose you are approved for the cash advance. In that case, you will receive an instant notification indicating the maximum amount you can qualify for and the options of depositing the money to your account.

How do I Repay my Cash Advance from Giggle Finance?

After you receive the cash advance from Giggle Finance, your repayment amount will automatically be collected from your bank account from your future earnings because your bank account is linked to your Giggle Finance account. They will keep withdrawing from your account until you have paid the loan amount and their service charge back.

Is giggle finance Legit or scam?

Giggle Finance is a legit service; they have been helping Americans reach their goals and supporting their businesses for a very long time. So I say give Giggle Finance a try if you need some urgent cash; just make sure you meet the requirements before filling out the application.

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