Question 1

Does Cashera Capital require a credit check?

Accepted Answer

Yes, Cashera Capital performs a credit check as part of the application process, but approval decisions are primarily based on your earnings and bank deposit history rather than your credit score alone. This means many gig workers and self-employed applicants who would not qualify for a traditional loan can still be approved.

Question 2

How much funding can I get from Cashera Capital?

Accepted Answer

Cashera Capital offers up to $5,000 in merchant cash advance funding. The approved amount is based on your recurring deposits, banking history, and overall earnings consistency.

Question 3

How fast can I get approved and funded?

Accepted Answer

Most applications receive a funding decision within minutes. Approved funds are typically delivered to your bank account within 24 hours via ACH transfer.

Question 4

Who qualifies for Cashera Capital funding?

Accepted Answer

Rideshare drivers, delivery drivers, independent contractors, self-employed professionals, and micro business owners can all qualify for funding.

Question 5

Is a merchant cash advance the same as a loan?

Accepted Answer

No. A merchant cash advance is not a loan. Cashera purchases a small percentage of your future receivables in exchange for an upfront lump sum. Repayment flexes with your actual earnings rather than fixed monthly payments.

Question 6

What gig platforms does Cashera Capital support?

Accepted Answer

Cashera Capital supports drivers and workers on Uber, Lyft, DoorDash, Instacart, Amazon Flex, Grubhub, Shipt, Spark, and most other gig platforms. Eligibility is based on bank deposit history rather than the specific platform.

Feature	Cashera MCA	Personal Loan	Payday Loan	Earnin / Dave
Max amount	$5,000	Varies	$500-$1,500	$100-$500
Decision speed	Minutes	Days	Same day	Minutes
Funding speed	< 24 hours	1-7 days	Same day	1-3 days
Earnings-based approval
Fixed monthly payment
Repayment flexes with income
Built for self-employed / gig

Frequently Asked Questions

Cashera vs Other Funding Options

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Frequently Asked Questions

Cashera vs Other Funding Options

1What is a merchant cash advance and how does it work?

2How is a merchant cash advance different from a traditional loan?

3Who is eligible for a merchant cash advance at Cashera?

4How much can I borrow with a merchant cash advance?

5What are the repayment terms for a merchant cash advance?

6How long does it take to get approval on an application?

7How does Cashera compare to DoorDash Capital?

8Is Cashera better than Uber's Instant Pay or Lyft's Express Pay?

9What makes Cashera different from a payday loan?

10Can I use Cashera if I already use Earnin, Dave, or other cash advance apps?

11Can Uber drivers get fast loans?

12Are there personal loans available for self-employed workers?

13What is the fastest loan alternative for Lyft drivers?

14How is a merchant cash advance different from a personal loan?

15Is a merchant cash advance a loan?

16How fast will I receive my funds after approval?

17What is the maximum funding amount I can receive?

18What documents do I need to apply?

19Will applying affect my credit score?

20Are there any prepayment penalties?

21Which gig platforms does Cashera support?

22Can W-2 employees qualify for Cashera funding?

23What is a factor rate?

24How does repayment work day to day?

25Is my data safe? Do you store my bank login?

26Can I apply if I just started gig work?

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