DoorDash Expands its Cash Advance Program to the Dashers Themselves

| By:


DoordashFirst it was restaurants. Now it’s the Dashers. DoorDash recently launched a limited trial of a new program, cash advances to delivery people. It’s a bit altruistic, however, because it is technically an interest-free 30-day loan with no fees at all.

According to the website, loans are paid back either through a percentage of future Dasher earnings or by placing a debit card on file. Loan amounts are determined by a Dasher’s revenue history. Credit is not a factor.

“Dashers who receive an email or see details in app about this pilot are qualified to participate in this pilot,” the site says. Preliminary reviews online by Dashers that have purportedly tried it, claim loan amounts can go as low as $50.

Eligibility is discoverable through the app. “Check your Dasher app to apply for a cash advance,” the site says. “Select how much cash you want and choose your repayment method.” Payments begin 7 days after funding.

DoorDash launched its other program, its merchant cash advance program via DoorDash Capital, late last year.

Last modified: July 21, 2022

Category: merchant cash advance

Home merchant cash advance › DoorDash Expands its Cash Advance Program to the Dashers Themselves


    BHB Funding

    Synergy Direct Solution

    Spartan Capital

    MCA Broker Bootcamp

    Merk Funding

    Big Think Capital

    Total Merchant Resources

    Smart Step Funding / Principis Capital

    Thorocorp

    eNoah

    Fox Business Funding

    The Smarter Merchant

    In Advance Capital

    Cashable

    Torro

    CFG Merchant Solutions

    Rowan Advance

    Easify

    Vox Funding

    Cloudsquare

    FundX

    True Advance

    LCF

    Lead Tycoons

    Better Accounting Solutions

    Splash Advance

    Merchant Financing Leads