Funding for 1099 contractors and independent operators
Capital for independent operators, sized to your deposits rather than a W-2 you do not have.
Gig and 1099 Funding overview
- Typical amount
- $5K to $150K
- Typical term
- 3 to 24 months
- Time to fund
- 1 to 3 days
Ranges are typical for this type of financing. Your amount, term and pricing depend on the lender and your business profile.
How it works
Owner-operators, contractors, delivery and rideshare drivers, freelancers and consultants run businesses that banks do not recognize as businesses. Gig and 1099 funding reads deposits from platforms and clients and underwrites on that income.
Products include short-term advances, small term loans and equipment financing for the vehicle or tools that produce the income. Capital Ally will also tell you when forming an entity or opening a business account will unlock better products next time.
Best for
- Owner-operators and independent truckers
- Contractors and tradespeople
- Delivery, rideshare and platform workers
- Consultants and freelancers with steady clients
What businesses use it for
Vehicle repairs and replacement
Keep the truck or car that earns the income on the road.
Tools and equipment
Buy the equipment that lets you take larger jobs.
Cash flow gaps
Cover a slow month or a client that pays late.
How it compares
Gig and 1099 funding vs working capital
The same speed and underwriting logic, sized for individual operators rather than companies with staff.
Gig and 1099 funding vs equipment financing
If the need is a specific vehicle or machine, equipment financing is usually cheaper because the asset secures it.
Gig and 1099 Funding: common questions
See all questionsDo I need an LLC?
Not for most programs. A sole proprietorship with consistent deposits qualifies. An entity and a business account do open better options.
Can I use personal bank statements?
Yes, if that is where the income lands. Lenders want to see the deposits, not the account type.
How much can I get?
Typically a multiple of monthly income, from a few thousand to well into six figures for high-earning operators.
Other funding solutions
Ready to apply for Gig and 1099 funding?
Two minutes to check eligibility. A specialist reviews it the same day. No credit impact, no obligation.