Giggle Finance offers merchant cash advances (MCAs) geared toward gig workers, self-employed individuals and other small businesses. It also advertises fast approval and funding possible within minutes. But its MCAs only go up to $10,000 for first-time borrowers, which is on the small side compared to other MCA providers. Plus, it doesn’t disclose rates, charges origination fees and has some very poor customer reviews.
So, if you’re looking to borrow more money, avoid some of those fees and work with a more highly rated lender, check out our picks for loans like Giggle Finance. We’ve included options for other MCA providers as well as personal loans for business — which may be easier to qualify for if you have a newer business.
Our 5 top picks for loans like Giggle Finance
- Alternative for comparing lenders: Lendzi
- Alternative for no origination fee: Rapid Finance
- Alternative for a self-employed personal loan: Avant
- Alternative for joint applicant personal loan: Upgrade
- Alternative for lower rates: Credibly
Alternative for comparing lenders
Lendzi
Using a business loans marketplace like Lendzi gives you the opportunity to compare multiple MCA providers with one application. This gives you a much wider range of options than you can get with Giggle Finance, with amounts ranging from $5,000 to $500,000.
You’ll likely find more competitive rates than Giggle, too. Lendzi also has highly rated loan specialists ready to walk you through the process or help you decide if another type of financing makes more sense for your business. But you’ll have to apply to check rates and fees, and marketplaces can often lead to a lot of follow-up marketing.
| Loan amount | $5,000 to $500,000 |
|---|---|
| Starting Factor Rate | 1.1 |
| Min. Credit Score | 580 |
Alternative for no origination fee
Rapid Finance small business loans
Unlike Giggle Finance, Rapid Finance doesn’t charge origination fees for its MCAs, and it offers much larger advances up to $500,000. It also has higher ratings than Giggle Finance on review sites such as the Better Business Bureau (BBB) and Trustpilot. But its rates aren’t disclosed, you may be required to make daily repayments and it only accepts businesses with sufficient credit or debit card sales or other receivables.
| Loan amount | $5,000 to $500,000 |
|---|
| Loan amount | $5,000 to $500,000 |
|---|
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Alternative for a personal loan for self-employed
Avant personal loans
Since MCAs are generally expensive — and not suitable for all businesses — small businesses or gig workers may want to consider a personal loan from Avant to fund their business. Unlike some lenders, Avant welcomes self-employed workers and offers better rates than Giggle Finance, starting at 9.95% APR. It also offers loan amounts up to $35,000 and loan terms as long as 60 months. But it charges origination fees, and if your credit is poor, you could pay as much as a 35.99% APR. It’s also not available in all states.
| Min. credit score | 550 |
|---|---|
| APR | 9.95% to 35.99% |
| Loan amount | $2,000 to $35,000 |
- Not available in: Iowa, Kentucky, Massachusetts, Michigan, Montana, Virginia, West Virginia
Alternative for joint applicant personal loan
Upgrade personal loans
Upgrade offers personal loans for businesses and accepts joint applicants, which can make it easier to qualify for a bigger loan at a more competitive rate. It also offers larger loan amounts than Giggle Finance — up to $50,000 — and loan terms as long as 84 months if you want to keep your monthly payments low. But, like Giggle, it charges an origination fee. Plus, rates can go as high as 35.99%, and self-employed borrowers must show two years of tax returns to prove income.
| Min. credit score | 580 |
|---|---|
| APR | 7.99% to 35.99% |
| Loan amount | $1,000 to $50,000 |
- Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia
Alternative for lower rates
Credibly business financing
Factor rates for Credibly MCAs start on the low end at 1.11, which is more competitive than Giggle Finance. It also offers a fast approval process, with funding possible as soon as the same day, and a low credit score requirement of 500. And its advance amounts are much higher than Giggle — up to $600,000. But you’ll need to bring in at least $15,000 a month, and it might require daily repayments.
| Loan amount | $5,000 to $600,000 |
|---|---|
| Starting Factor Rate | 1.11 |
| Min. Credit Score | 500 |
| Loan amount | $5,000 to $600,000 |
|---|---|
| Starting Factor Rate | 1.11 |
| Min. Credit Score | 500 |
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How does Giggle Finance compare?
Giggle Finance is one of the few providers to offer advances for gig workers, self-employed individuals and other small businesses. The requirements to qualify are less strict than most business lenders, and it offers discounts for early repayments. But it doesn’t have many positive reviews, it isn’t transparent about rates and it charges origination fees.
For these reasons, you may want to consider alternative MCA providers, other types of business loans or even personal loans, which may be easier to qualify for and can also be used to fund your business.
Pros
- Fast approval and funding
- Early repayment discounts
- Lenient requirements to qualify
Cons
- Doesn’t disclose rates
- Charges origination fees
- Low maximum advance amount
