When Banks Say No. We Say Yes.

We’re the premier alternative lender that handles virtually any lending scenario, ranging from hard money loans, to merchant cash advance and even litigation financing.  We have an easy online application, and assign a dedicated lending concierge to each and every client. We offer a fast decision process – due to our completely online process.

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DELANCEY STREET

Here's Who We Are

We're a Direct Lender

We’re a lender who provides financing for virtually any type of non-traditional financing – ranging from small business loans, to hard money loans, merchant cash advance, and lawsuit funding.

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We Provide Financing Options

We have a lot of different financing options available to our clients. Regardless of your situation, we’ll have a solution for you. We can combine multiple financing options together – such as a merchant cash advance and a hard money loan.

Fast Approval

Our application process is completely online. You can get funds in your bank account in literally 24 hours.

How Delancey Street Works

Fill Out Our Application

Answer basic questions about yourself and fill out our entirely online application. Each loan has its own online process.

Meet Your Concierge

We'll pair you with an experienced Delancey Street specialist who will reach out to you, and understand your needs. We'll try to determine which financial product is right for you.

Compare Our Loan Offers

We give you a few different loan offers based on your scenario and what options you qualify for.

Choose Your Loan

Once you've chosen a loan that works for you, we finalize it and start getting the documents needed.

Get Funded

Once we get all of the documents back, we'll get you funded ASAP.

We Help You Grow

After you get funded, your Delancey Street concierge specialist will keep in touch to make sure you're happy and doing well.

Hard Money

Financing for fix and flips, commercial estate, and acquisitions / refinancing
Financing up to 70% of the After Repair Value
We charge 9-10% on average, with no junk fees

Business Loans

Get merchant cash advances ranging from 3 months to 18 months
No credit score requirement, we have a program for everyone
We can fund up to $5 million in virtually 24 hours

What People Say About Us

Delancey Street is the best. They ran multiple scenarios for me, and were really friendly to…

Jon Norris

(Ripley Pub)
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Getting funding in a high risk industry is difficult and I got rejected plenty of times.…

Adam Baxter

(Baxter Trucking)
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We're In Our Own Class

Delancey
Many Banks
Many Cash Advances
We Do Cross-Collateralization
We're Completely Online
We Focus On Value, Not Credit Score
We Customize Products For You
We Provide 24 Hour Funding
We Provide Unsecured Financing

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
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Delancey Street understands funding like no one else!
Steven Norris
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Frequently Asked Questions

No – there is no fee for applying. The only time you are charged a fee is when your loan closes. In the event we are unable to fund you, there’s no strings attached and no fees due.

Like most lenders, Delancey Street charges fairly standard banking fees. Typically there’s underwriting fees, payable at the closing of the transaction. For most banking products, you will be pay some form of underwriting fee which covers the cost of things like credit checks, reviewing and qualifying you for the loan.

It really all depends. It’s not impossible for us to fund you in 24 hours. We take your privacy seriously, and we never compromise on that and take shortcuts. With the appropriate information and documentation available it is possible to secure funding in as little as 24 hours. Bottom line, if you work with the Delancey Street concierge assigned to your loan, it can be a very fast process.

Delancey Street is an alternative lender. We handle a wide array of financial products, ranging from hard money loans, to small business loans, hard money loans, private money loans, merchant cash advance, lawsuit funding, lines of credit, and more. We handle all types of non-traditional lending.

Hard money loans: Delancey Street provides real estate investors with the funding they need to grow their portfolio. We fund commercial and residential properties nationwide.

Small business funding: We provide merchant cash advances, invoice factoring, lines of credit, and small business loans to merchants nationwide.

Depending on the type of loan/transaction, the interest rates can vary. It all really depends on your credit history, and how much funding you need. We also look at things like debt to income ratio. Borrowers who need money quickly can get access to fast cash – which might be a bit more expensive than a traditional SBA loan, which takes longer to fund. Typically – the less stringent the guidelines – the higher the interest rate.

Delancey Street offers a wide array of loans, such as lines of credit, equipment financing, business acquisition loans, hard money loans, private money loans, commercial real estate loans, merchant cash advances, and even lawsuit funding. For example, we’ve funded Philadelphia criminal lawyers and even personal injury lawyers,

Merchant cash advances aren’t really loans. They are a cash advance based on the future sales your business anticipates it’ll receive. Business owners can apply for an MCA from Delancey Street by filling out our business funding application. Typically, our underwriters will review your application and based on parameters such as: collateral, credit score, business credit, etc, will decide which of our programs is the right fit for you. It’s typical for merchant cash advances to be approved as quickly as 24 hours after being submitted. Most cash advances have a holdback, which means they look at the daily credit card receipts and determine what % of the receipts can be held back as repayment. It’s usually somewhere between 10 and 20% – and it’s a fixed amount, until the advance is repaid completely.

Most merchant cash advances are based on credit card splitting, but now, many are based on ACH withdrawals on a daily, or weekly, basis. The biggest difference between the interest rate a business owner charges for a merchant cash advance and a a normal business loan is the interest rate. Most merchant cash advance companies charge a factor rate. Unlike traditional term loans, the rate isn’t amortized over the course of an advance. Most factor rates for a merchant cash advance range between 1.2 and 3.

Is a merchant cash advance right for my business?

An MCA can make sense for a business that needs cash fast in order to take advantage of an immediate opportunity. It’s important to make sure the costs of a merchant cash advance don’t outweigh the benefits of the opportunity. Qualifying for a merchant cash advance is a lot easier than small business loans. Merchant cash advances come with a premium cost. Because merchant cash advances aren’t loans, they aren’t reported to your business credit bureaus. It doesn’t help build, or strengthen, your credit profile. Additionally, rates vary from provider to provider.

Are there alternatives to merchant cash advances?

Yes. Many small business owners can turn to things like lines of credit, term loans, etc, if they have a strong credit profile.

This is a very common question we hear, so we decided to address it as one of the FAQ’s. Merchant cash advances and business loans are both great financing options which provide small business owners with the working capital they desire.

The way the financing methods are structured differ greatly. You must compare and contrast the two, in order to see why one is the right choice for you.

One of the best ways to grow a business is get a term loan. The rates are lower than a merchant cash advance. For example, you can get a term loan with rates starting at 4-5%. Merchant cash advances and business loans BOTH provide working capital. The financing you get from these two tools help you purchase equipment, expand your operation, meet payroll, etc.

Merchant Cash Advance Vs. Business Loans

Merchant cash advances are given in return for a % of your future sales. Business loans are repaid in fixed monthly/weekly installments. The repayment term on merchant cash advances is variable, whereas in term loans it’s fixed. Typically with a merchant cash advance, the APR can be 60-100%, in contrast to business loans that have an APR of 14-40% When it comes to business loans, the main qualifier is annual revenue and credit score. In contrast, merchant cash advances focus on credit card sales and credit score. On average it takes 1-3 days to fund either product.

How Business Loans Work

Short term business loans are a common way of getting financing for working capital. Business loans are like mortgage or auto loans. The lender is giving you a specific amount of money, in return for a fixed regular payment. The payments are amortized over the term of the loan, and the interest rate will range from 9% to 50%. The repayment schedule on a business loan can be daily, weekly, or monthly. There’s always a fixed maturity date with business loans, and you’ll be expected to repay the loan in full by that date.

How Merchant Cash Advances Work

Merchant cash advances aren’t technically loans. They are an advance on your future receivables. The provider of the merchant cash advance is purchasing your future receivables at a discount and charging you a factor rate in the place of an interest rate. The MCA provider gives you a lump sum payment which you repay with a % (hold back %) of your daily sales. The holdback percent is usually fixed, but the amount you repay daily is variable. Due to the variability of the term length, it’s common for APR to vary widely, and the term to range from 4 months to 16 months.

With an MCA you can expect to receive funding fast, due to the fact the primary factor is the strength of the business.

How to determine if a merchant cash advance or business loan is right for you

It’s important to understand how both can work for you. If you have a seasonal business, or don’t qualify for a business loan – then a merchant cash advance might be the only option for you.

When is a business loan a good idea

Businesses that have good credit, need a lot of capital, and want stable repayment terms should consider a business loan. The cost of a small business loan is lower than that of a merchant cash advance. If you qualify for a small business loan, you should consider this.

  1. Good credit – If your score is over 640, and you don’t have a bankruptcy / tax lien on your report, you can probably get approved for a business loan.
  2. You’re established – If you’ve been in business for more than a year and are profitable, then it’s likely you’ll get more in funding from a business loan.
  3. Need large amounts of capital – Most business loans provide for more capital than merchant cash advances.

When to consider a merchant cash advance

Merchant cash advances are a good idea if you don’t want your credit pulled, operate a seasonal / high risk business, or can’t turn to the banks for some reason. Due to the high cost of an MCA, you want to consider it as a last choice.

Many business owners often turn to a short term line of credit instead of a merchant cash advance, or business loan, in order to get cash flow to handle unexpected expenses. etc. Getting a line of credit from a traditional bank can be time consuming, and difficult. Often, in order to get fast funds – merchants get a merchant cash advance or a line of credit. If you need a line of credit fast, you need an alternative lender like Delancey Street. We specialize in lines of credit and merchant cash advances/short term loans.

We offer short term liens of credit, which essentially means we offer lines of credit in the range of $10,000 to $250,000. They are paid back over a short term than traditional lenders. Short term lines of credit like the ones offered by Delancey Street are repaid over a few months, as opposed to years. Short term lines of credit, like merchant cash advances, are more expensive than products offered by traditional banks. The exact interest rate you get on a Delancey Street line of credit, depends on the qualifications of your business, but are more reasonable than a merchant cash advance.

Lines of credit from Delancey Street are more expensive than longer term options offered by banks. But, lines of credit offered by Delancey Street are more accessible. Traditional bank financing is only a good option for qualified borrowers – those with high credit scores, strong financials, and successful businesses. Delancey Street lines of credits, like the merchant cash advances offered by Delancey Street, are available to less-qualified borrowers. It means you can qualify for a line of credit (similar to a merchant cash advance), with bad credit, weaker revenue, and shorter times in business. In order to compensate for the risk of lending to you, Delancey Street charges higher interest rates.

One of the other reasons shorter term lines of credit are more expensive is due to the speed. Like merchant cash advances, shorter term lines of credits are funded FAST. Lenders who offer a merchant cash advance / line of credit work super fast. For example, Delancey Street offers a short term line of credit with a completely online process. On top of that, Delancey Street doesn’t require much paperwork to apply for either a merchant cash advance or line of credit. We use a lot of technology and algorithms to determine what you would qualify for (in terms of a business cash advance / line of credit) with bare minimum amount of information.

 

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If you have questions, feel free to shoot us an email, or fill out our live chat.

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