What is Ualett?
Ualett is a dedicated service app, designed for independent contractors seeking a seamless solution for managing their accounts receivables. Operated by Cabicash Solutions Inc. and headquartered in Delaware, Ualett facilitates the purchase of your business-generated accounts receivables through a user-friendly sales and purchase agreement. Whether you’re a GIG worker, self-employed individual, freelancer, micro business owner, rideshare or taxi driver, or even in the delivery or truck driving business, Ualett is here to streamline your financial processes and support your success.
What are the benefits of using Ualett?
- We do not run credit
- You get a flat factor fee
- Weekly remittance plans
- Bonus and reschedules
Is there a fee associated with Ualett cash advances?
As a receivables purchasing company, Ualett applies a factor fee to the purchase of your future receivables. This factor fee is selected by you based on the offer you qualify for after completing our system evaluation process.
Who can apply for a Ualett cash advance?
Gig Workers, Self-employed Individuals, Independent Contractors, Freelancers, Micro Businesses, Rideshare and Taxi Drivers, Deliveries, and Truck Drivers.
How can I apply for a Ualett cash advance?
- Download the app
- Create an account
- Fill in your details to create your profile
- Verify your account and upload the required documents to keep things moving
- Request a cash advance
Once approved, the funds will be deposited directly into your bank account.
What is the maximum amount I can receive?
Ualett has the ability to grant qualified applicants advances of up to $2,500. Please keep in mind that this figure represents the highest potential amount you may receive. Ultimately, the funding you’ll obtain will be determined by Ualett’s evaluation.
When will I receive my cash advance?
Once you request your advance, if you are a new client, it will be deposited into your bank account within 24 business hours from the time of request. For existing clients, you have the option to receive your advance within just a few minutes if your bank account supports RTP.
On which days can I process remittances?
As a client, you have the option to schedule your remittances for Mondays, Tuesdays, Wednesdays, or Thursdays. Remittances are not initiated on Fridays for installment plans to ensure that your remittance occurs within the chosen timeframe.
How long does the remittance take to process?
Each remittance takes 4 business days to be processed and reflected in your Ualett profile.
What factors determine the amount of advance I can receive?
The amount you are eligible for in a cash advance is determined by analyzing your linked bank account. Ualett assesses various data points, such as income history and spending patterns, to determine eligibility.
How does Ualett ensure the security of my information?
Ualett Finance utilizes the Plaid platform, which is specifically designed to safeguard your privacy and ensure the security of your information.