| Takeaway | Details |
|---|---|
| 💼 What Giggle Finance Is | A Miami-based fintech providing revenue-based financing and cash advances to gig workers, freelancers, and independent contractors. |
| ⚡ Fast, Simple Funding | Offers instant funding with an online application that takes less than 10 minutes and uses bank account data—not credit scores. |
| 💳 Flexible Qualifications | Requires only $1,500/month in revenue and three months in business; accepts poor credit and uses soft credit pulls. |
| 🔄 How Repayment Works | Repayments are automatically deducted from future sales through weekly automated debits; prepayment discounts may apply. |
| 📉 Key Limitations | Low funding amounts ($1K–$10K, up to $20K for repeat customers) and not available in NY, CA, or OR. |
| 🚨 High Costs & Transparency Issues | MCA factor rates (1.15–1.7), potential hidden fees, and limited rate disclosure significantly increase costs compared with traditional loans. |
| 🗣️ Mixed Customer Feedback | Fast process and ease of use are praised, but negative reviews cite texting-only communication, rude messages, and unauthorized debits. |
| ⭐ UCS Rating | Giggle Finance receives a 3.5 out of 5 rating, offering convenience for gig workers but requiring caution due to cost and transparency concerns. |
Small business owners, gig workers, and independent contractors often face an uphill battle when seeking small business financing. Traditional lenders typically require strong credit scores, collateral, long operating histories, and extensive documentation—criteria many self-employed professionals don’t meet. In today’s world, as more people rely on gig work and app-based freelancing to supplement their income, this gap in financing options leaves many unable to obtain business loans when they need them most.
Alternative business funding companies have stepped in to bridge that gap, offering short-term financing tailored to the needs of small businesses and non-W-2 earners. One company specifically targeting this audience is Giggle Finance, a financing platform designed for gig workers, freelancers, and self-employed individuals who may not qualify for bank loans. Before choosing any lender or merchant cash advance company, it’s essential to fully understand the product, costs, and obligations involved.
In this review, we’ll explore how Giggle Finance works – from applying to the pros and cons – to help you decide if it’s right for a small business, side hustle, or independent contractor operation. Specifically, we’ll answer these questions and more:
Giggle Finance is an alternative financing company that provides quick funding to self-employed individuals, freelancers, and gig workers. The company was launched to address the lack of access to working capital for people whose income doesn’t fit traditional underwriting criteria.
It’s designed for people who earn income through platforms such as Uber, DoorDash, Instacart, Amazon Flex, Rover, TaskRabbit, and similar gig apps. It also supports small business owners and 1099 professionals who rely on irregular revenue streams.
Giggle Finance is based in Miami, Florida. The company positions itself as a modern funding provider, offering instant funding, app-based approvals, and a fully online small business funding application.
Giggle Finance aims to provide fast and transparent financing to underserved professionals. The platform positions itself as a simple, easy-to-use system that requires only basic financial information to qualify.
Individuals who may qualify include:
Giggle Finance is an online funder that offers revenue-based financing through merchant cash advances (MCAs). Instead of issuing a traditional loan, Giggle purchases a portion of your future earnings in exchange for immediate capital. This makes it a short-term business financing option rather than a conventional loan.
Giggle Finance provides financing opportunities to gig-economy workers and small business owners. The platform uses bank account data—not credit scores—to determine eligibility, funding amounts, and factor rates. Funding is provided almost instantly upon approval.
Giggle Finance offers a business cash advance known as a Giggle Advance. This type of cash advance uses factor rates rather than conventional business loan interest rates. Funding amounts typically range from $1,000 to $10,000, or up to $20,000 for repeat customers who have previously repaid an advance.
Giggle Finance allows users to receive funds through a bank transfer or debit card. The entire process is automated and app-based, with decisions typically taking less than eight minutes, depending on banking responsiveness, making same-day business funding possible. Repayment is made as a fixed percentage of future sales or revenue, with debits processed automatically.
Giggle Finance has minimal eligibility requirements, making it accessible to individuals with irregular income or poor credit. The company does not use business funding credit score requirements as a primary approval factor.
To qualify, applicants must have:
Giggle Finance allows borrowers with low personal and business credit scores to qualify for funding, making it an accessible option for those with credit challenges. The underwriting process relies on connecting your business bank account.
Giggle Finance reviews:
The company uses financial information from your connected bank details to determine the loan amount, factor rate, and repayment structure.
Giggle Finance is a revenue-based financing company, meaning it does not offer conventional loans. Instead, its merchant cash advance product involves the company purchasing future earnings in exchange for a cash advance. Because of this structure, borrowers repay through future sales rather than fixed loan payments.
Merchant cash advances are considered short-term funding solutions. They use factor rates, not interest rates. These rates often result in total repayment significantly exceeding the borrowed amount. Giggle Finance is widely viewed as very expensive by customers and third-party reviewers. Its factor rates typically range from 1.15 to 1.7, which means borrowing $5,000 at a factor rate of 1.5 results in a total repayment of $7,500.
One recurring theme among negative reviews is hidden fees and a lack of cost transparency. Giggle Finance does not disclose its rates on its site or when asked directly, making it difficult for potential customers to understand costs upfront. Giggle Finance’s communication primarily relies on texting, which some customers find frustrating. The company also charges a service fee starting at $100, with total costs varying based on revenue, risk profile, and cash advance size.
Another important consideration is availability. Giggle Finance does not currently operate in New York, California, or Oregon due to state lending laws.
Giggle Finance uses only a soft credit pull, so applying will not affect your credit score. However, unlike many MCA providers, Giggle Finance reports to Experian and TransUnion, enabling borrowers to begin reporting positive payment history and potentially build business credit over time. But it will also report late or missed payments to the business credit bureaus.
Giggle Finance is designed to provide fast small business funding to meet the needs of gig workers. Funding caps out at $10,000, or $20,000 for repeat customers, which is significantly lower than other merchant cash advance companies that fund into the millions. Overall, costs can be high, transparency is limited, and repayment flexibility varies.
Giggle Finance offers a business-funding affiliate program that allows partners to earn commissions on funded deals. ISOs and business loan brokers can sign up on the company’s website.
Giggle Finance offers a simplified online application that provides gig workers with quick cash. Giggle Finance’s application process is fast and straightforward, taking less than 10 minutes. The entire process is automated, and funding is typically delivered instantly after approval.
Visit the company’s website and click the online application link. Enter basic personal and business information.
Giggle Finance requires bank login credentials to review financial activity, deposits, and revenue history.
The platform analyzes banking activity to determine eligibility, funding amount, and factor rate.
If approved, applicants receive an offer detailing the advance amount, fees, and repayment terms.
Once accepted, funds are deposited via bank transfer or debit card, often within minutes.
Once funded, repayments to Giggle Finance are automatically deducted from your bank account based on your future sales. This occurs through automated debits tied to revenue. Weekly payments are standard, though the company states payment schedules may adjust depending on sales fluctuations.
Giggle Finance does not disclose specific term lengths, but most merchant cash advances fall within 3 to 24 months, depending on revenue and repayment speed.
A prepayment discount may be available if the borrower pays off the advance within the first 30 days. Borrowers should carefully review their agreement to understand eligibility and potential savings, as terms can vary.
Renewal is available for repeat customers, but exact thresholds are not listed. Many MCA providers require repayment of 50%–75% before renewal; borrowers should confirm these terms directly in their contract. Giggle Finance does not charge late fees, but it does report late or missed payments to credit bureaus, which can negatively impact your credit score.
Giggle Finance offers several advantages for gig workers, freelancers, and self-employed professionals who need quick cash. The platform provides a speedy funding process, often within minutes, and the online application requires only basic information and a connected bank account.
There is no hard credit inquiry, making it suitable for borrowers with poor credit or limited credit history. The company provides access to capital for people typically excluded from traditional business loans, including those with weak credit scores, limited collateral, or short business histories.
Giggle Finance also reports payment activity to credit bureaus, enabling borrowers to build business credit through on-time payments—something many merchant cash advance providers do not offer. For individuals seeking instant funding for short-term needs, the streamlined process can be appealing.
Despite providing quick cash, Giggle Finance comes with notable drawbacks. Costs can be extremely high, as merchant cash advances use factor rates rather than interest rates, resulting in large repayment totals relative to the loan amount.
The company has been widely criticized for hidden fees and a lack of transparency around rates, terms, and total repayment costs. Communication is another recurring issue—many customers report that Giggle Finance relies heavily on text messages rather than phone support, which makes problem resolution difficult.
Some negative reviews allege that the giggle team sent rude or threatening text messages during collections. Funding amounts are limited to $10,000–$20,000, which may not be enough for many small business owners. In addition, Giggle Finance is unavailable in several states, and the automated debits can strain cash flow for borrowers with inconsistent revenue.
Pros:
Cons
Yes, Giggle Finance is a legitimate business funding company offering merchant cash advances to gig workers and small business owners. The company has an online presence, transparent leadership information, and active customer reviews on trusted platforms. Giggle Finance is a fintech startup launched in 2020 by cofounders Jared Kogan and Michael Zevallos.
Giggle Finance receives mixed customer feedback. It has a 4.2/5 rating on over 720 Trustpilot reviews and a 4.2/5 rating on over 1,200 Google reviews. However, it has an F rating with the Better Business Bureau (BBB) and no positive reviews.
Many reviewers appreciate the straightforward, efficient process for obtaining funds from Giggle Finance. Several customers would recommend Giggle Finance to other businesses seeking quick and reliable financial support. Some users state that the Giggle team makes the funding process easy and provides excellent customer service.
However, negative reviews cite rude and threatening customer service texts and unauthorized payments. Many customers report that communication with Giggle is suboptimal, especially when they have a problem. Some customers express mixed feelings regarding payment processes and customer service interactions, particularly the lack of phone support.
Giggle Finance may deny a funding application for various reasons, including failure to meet its time-in-business or revenue requirements. Issues with cash flow or your business bank account can also result in loan denial. It may also deny your application if your business model doesn’t align with its repayment structure.
If Giggle Finance denies your application, it should provide a written notice explaining the reason. If not, or if you need more information, contact the funder directly.
Fortunately, many lenders offer business funding, including options for independent contractors and 1099 workers. Many funders provide similar merchant cash advance products, and you can likely find an online lender that offers more standard debt financing instruments.
Working with a small business loan marketplace like United Capital Source (UCS) lets you apply to a network of lenders through a single application. You can then get guided support in choosing the best deal for your business needs.
You might be interested in one of the following small business loans:
Giggle Finance can be a valuable option for gig workers, freelancers, and independent contractors who need immediate access to money and can’t qualify for traditional loans. The application process is fast, paperwork is minimal, and borrowers with poor credit or inconsistent income may still qualify. However, the platform’s high costs, limited transparency, negative reviews, and limited funding may make it unsuitable for every small business.
Small business owners needing larger advances, more predictable repayment terms, or stronger customer support may want to explore other funding options. Those who do choose Giggle Finance should carefully review all documents, monitor automated debits, and confirm their repayment structure before accepting funds.
Based on the available information, we rate Giggle Finance 3.5 out of 5. It could be a solid option for gig workers and independent contractors. Still, the low funding amounts, lack of cost transparency, and negative reviews mean potential applicants should proceed with caution.
Disclaimer: The Giggle Finance trademark is owned by Giggle Finance, LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from Giggle Finance, LLC.
