DELANCEY STREET

Here's Who We Are

We're a Direct Lender

We’re a direct lender who funds small business owners nationwide, regardless of industry, credit, or time in business. We fund it all. GUARANTEED.

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We Provide Multiple Options

We have a lot of different financing options available to our clients. Regardless of your situation, we’ll have a solution for you.

Fast Approval

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

The Working Capital You Need In 24 Hours.

We get you funding. It's that simple. Regardless of credit, income, or time in business - we'll fund you.

Apply

Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.

Approval

Receive application approval in as little as 24 hours. There is no credit check required.

Receive Funds

Review and return your signed agreement and get your money in as little as 24 hours.

Recent Funded Business

100K Term Loan

Ambulance Service

Our client bought a new ambulance.
2019 - June
55K Advance

Truck Funded

Our client used the funds to hire new team members.
2019 - February
85K Term Loan

Restaurant Funded

Our client used the funds for restaurant equipment.
2019 - May

Get a Decision in as Little As 30 Seconds

We’re Fast. We Help Regardless of Credit. WE HAVE A SOLUTION FOR YOU.

Apply Online

We have a completely online application process, which is simple and easy.

Get Offers

We'll match you with the best loan offers we have that are financially responsible.

Get Funded Quickly

We'll fund you the same day you accept our offer.

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.

Business Loans

Get business loans 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

merchant cash advance breach of contract

Business owners in need of quick funding may wish to consider a merchant cash advance or MCA. Not a loan, a merchant cash advance allows business owners to borrow against their daily credit card sales. The advance is repaid through a percentage of the credit card sales the business receives in its business merchant account. Business owners will find that the application process for this type of advance is typically quite simple and fast. In fact, when approved for an MCA, business owners can usually receive their funding within 24 hours following approval.
To determine whether a business owner is eligible for a merchant cash advance, the provider will usually evaluate the business’s daily credit card receipts to determine whether it is feasible for the advance to be repaid in a timely manner. The criteria used to determine approval for a merchant cash advance are typically different from those used by lenders and banks. It should be understood that due to this, the rates for a merchant cash advance will often be higher than traditional business loans.
Understanding Holdbacks
The term “holdback” is one that business owners may find unfamiliar. This term is used to refer to a percentage of the business’s daily credit card sales. The provider takes this percentage, the holdback, as repayment for the advance. Depending on the provider, the holdback could range anywhere from 10% to 20% of the daily credit card sales. This holdback will apply until the advance has been repaid.
Due to the fact that the holdback is based upon the daily deposits in the merchant account, advances can be repaid faster when the business receives more credit card transactions. Should transactions dip lower than the amount expected, the withdrawal from the merchant account would also naturally be lower. This also means it would take longer to repay the advance unless credit card transactions increase.
Comparing Interest Rates and Holdback Amounts
It should also be understood that there is a difference between interest rates and holdback amounts. Factor rates are usually charged by MCA providers. Since merchant cash advances are not usually amortized as like with a traditional loan, the factor rate associated with a merchant cash advance could potentially range between double digits and triple digits.
Should You Choose a Merchant Cash Advance for Your Business?
Although a merchant cash advance can offer numerous benefits when a business owner needs cash without waiting, it is important to understand the costs associated with this type of advance. Since the requirements for a merchant cash advance are less stringent than those of a traditional business loan, you should expect to pay a higher cost for the advance. Even so, if you are a business owner who needs fast short-term funding, a merchant cash advance could be the right option to receive the capital you need.
You should also understand that since a merchant cash advance is not actually a loan, this means that providers are not obligated to report your timely payments to credit bureaus. As a result, even if you make your advance payments on time, doing so will not assist you in building your credit profile.
Possible Alternatives to Merchant Cash Advances
There are possible alternatives to merchant cash advances. Among those options is a short-term business loan. Business owners who have a strong credit profile may find they are able to take advance of a business line of credit to solve their short-term funding needs.
With this type of loan, business owners can obtain the funding they need and repay the loan within just a few short months. Additionally, depending on the terms of the loan, payments could be made on a daily or weekly basis. This makes it possible to spread the debt burden out over the month instead of making a single large payment. The payments made on a short-term business loan can also be reported to credit bureaus, which could help you to improve your credit profile.

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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