Disclosures
Last updated: [23/10/26]. Plain-language information to read before you apply.
DriverBoost operates DriverBoost. DriverBoost is not a lender. We help independent rideshare, delivery and other gig workers submit a request to third-party lenders. This page explains our role, how we are paid and what to look for in an offer. It is general information and is not an offer or a commitment to lend.
1. Our role
We match your request with independent lenders in our network. Lenders, not DriverBoost, review requests, make approval decisions, set the amount, cost and repayment terms, provide the legally required disclosures for their product, and fund approved offers. Any agreement you sign is with the lender.
2. No guarantee of approval or terms
Applying does not guarantee an offer. Amounts, costs, repayment schedules and funding times depend on the lender’s criteria and on your income, bank activity and other factors. The range we show (currently [$200 to $5,000]) describes amounts offered by lenders in our network. It is not a promise that you will qualify for any amount.
3. How we are paid
We may receive a referral fee from a lender if your request is referred to it or an offer is made. You do not pay us anything. The referral fee does not increase the cost the lender quotes you. It may, however, mean we have a financial relationship with the lenders that appear in our network, and we do not list every lender in the market.
4. Types of products and how cost is shown
Lenders in our network may offer different structures. Your offer will tell you which applies to you:
| Structure | How cost is usually shown | What to look for |
|---|---|---|
| Cash advance (factor rate) | A factor rate, such as 1.20 or 1.30, multiplied by the amount you receive, plus any fees. Often no APR is quoted. | Total repayment amount, fees, remittance percentage or fixed payment, and the estimated payoff period |
| Short-term loan | An annual percentage rate (APR) or interest rate plus fees | APR, total of payments, due dates and late-payment charges |
| Other products | As set out by the lender | Ask the lender to state the total cost in dollars before you accept |
Whichever structure applies, you should receive the total amount to repay and the cost of the product in dollars before you accept.
5. What can add to the cost
- Factor rate or interest: the main charge for the advance.
- Fees: some lenders charge an origination or processing fee, which may be deducted from the amount you receive.
- Failed or late payments: fees may apply if a scheduled payment is returned or missed, as permitted by law and your agreement.
- Bank charges: your bank may charge overdraft or returned-payment fees.
6. Illustrative example
This is a hypothetical illustration, not an offer. Suppose a lender gives you $1,000 at a factor rate of 1.25 with no other fees. You would repay $1,250 in total, so the cost is $250, or $25 for every $100 borrowed. If repaid over 10 weeks, that is $125 a week. A longer term can reduce the weekly payment but may keep the total cost the same, or raise it. Use our free Cash Advance Calculator and Offer Comparison Tool with the numbers in your real offer.
7. Credit checks and credit reporting
Credit-check practices differ by lender. Some rely mainly on income and bank activity, while others may run a soft or hard credit inquiry. A hard inquiry can affect your credit score. Ask the lender before you accept. Whether a lender reports to credit bureaus, and what happens if you miss payments, is set by the lender. DriverBoost does not report your information to credit bureaus.
8. Repayment, failed payments and collections
Repayment methods include fixed payments or a share of your deposits, usually collected electronically from your bank account. Ask the lender what happens if a payment fails, whether it will retry, whether hardship options exist, and whether it uses a collections partner. If you think you will miss a payment, contact the lender as early as possible.
9. Early repayment
Whether you can repay early, and whether you save any cost by doing so, depends on the lender and product. Some allow early payoff without penalty, but the total cost may stay the same. Check this in your offer.
10. State commercial financing disclosures
Some states, including California, New York, Utah, Virginia and Georgia, require specific written disclosures for certain business-purpose financing, and other states have similar rules. If those rules apply to your offer, the lender must provide the disclosure, which typically shows the amount you receive, the finance charge, the total payment amount and the repayment terms. Read it before you accept. Laws change, so ask the lender whether a disclosure applies to you.
11. Funding time
Some lenders decide quickly, but when money reaches your account depends on the lender’s process, the time you accept, your bank’s processing and weekends or holidays. The lender will state the expected timing in your offer. DriverBoost cannot guarantee any funding time.
12. Estimates and tools
Calculators and examples on our Site use the information you enter and simplified assumptions. They show estimates, not legal APRs or tax advice, and may not match your lender’s calculations. The official figures are those in your lender’s agreement.
13. Platforms, trademarks and independence
Uber, Lyft, DoorDash, Instacart, Amazon Flex and Shipt are trademarks of their respective owners. DriverBoost is independent. We are not affiliated with, endorsed by or sponsored by any of them, and they do not review or approve our content.
14. Communications consent
If you give your number and consent, we or lenders may contact you about your request by call or text, including with automated technology. Consent is not required to use our tools or to apply. Reply STOP to opt out of texts. See our Privacy Policy and Terms.
15. Before you accept: a quick checklist
- Do you know the total you will repay, in dollars?
- Can you afford each payment, even in a slow week?
- Do you know all fees and what happens if a payment fails?
- Have you compared at least one other option?
- Is the lender asking for anything unusual, such as an upfront fee or your bank password? If so, stop.
16. Complaints and contact
If you have a concern about DriverBoost, email support@driverboost.co and we will reply. For concerns about a lender's offer or conduct, contact the lender first. You can also contact the Consumer Financial Protection Bureau (consumerfinance.gov) or your state attorney general or financial regulator.
Legal entity: DriverBoost
Address: 239 Greene St, New York, NY 10003, USA
Email: support@driverboost.co
Phone: (877) 778-5487
Support hours: Mon to Fri, 9am to 6pm ET