If you're already making good money with Frayt, then you'll be able to access Level. We look at your ability to earn, not a credit score, when making funding decisions.
Receive a quick funding decision. We'll confirm your eligibility with Frayt and, once we've agreed on terms, get the funds to you immediately. The whole process usually takes less than 24 hours.
Level gives our Frayt drivers the opportunity to grow their businesses and make essential investments. We're always looking for ways to help drivers succeed and connecting them to flexible credit is a great way for us to add value.
Founder & CEO, Frayt
There's no catch! Reach out - we are happy to answer questions and help you apply anytime.
Level will confirm your eligibility before sending the funds for you to invest.
We do all the heavy lifting! Every pay period we'll deduct the percentage we've agreed upon for repayment and you keep the rest.
Get It. Set It. Forget It.
The application, funding, and repayment are all automatic so you can focus on running your business.
Fixed Fee and No Interest
Level charges a single fee so you’ll know upfront how much to repay, without any surprises.
Repayments based on your earnings
Never pay out of pocket. A portion of your earnings go to Level so you're always making money.
When you take a Level Advance, we’re providing you with cash upfront in exchange for a fixed percentage (“revenue percentage”) of your future earnings until the advance is paid off. Since your payback is a percent of your earnings, that obligation goes up and down with your earnings. This guarantees you'll keep the same portion of your earnings even in your low months, and there’s no risk of paying out of pocket. Choose a revenue percentage that fits your business and don’t worry about paying back more than you can afford.
Level is designed for micro-businesses that want to grow. A Level Advance makes sense if you're investing in growing your business in a meaningful way or need access to working capital. Level charges a single fixed fee (typically 10%) on the advance amount so you'll only make money on the advance if you're able to increase your future earnings by a greater amount than the advance fee.
No, this is not a loan. Payback is the main difference between a standard loan and a Level Advance. With a loan, payments typically have monthly minimums and interest, where the amount you repay increases with the time it takes to repay. With a Level Advance, the total amount you'll repay is fixed upfront and you'll contribute a percentage of your earnings towards repayment every time you earn. This guarantees you'll have income even in your low months, and there’s no risk of paying out of pocket.