Bronx Merchant Cash Advance

Small business owners can use loans to grow their business. You can use the funds however you wish.

1

Cover Expenses

Pay for any unexpected expenses that arise using our business loans.

2

Invest in your business

Use the business loan to grow your business however you wish.

3

Liquid

Keep the cash on hand for future expenses.

4

Payroll

Use the business loan to pay your employees.

5

Equipment

Buy new equipment to grow your business.

6

Staff

Use the business loan to hire new employees.

We Fund Fast

24-48Hrs

Loans up to

$ 10 Million

Google Rating

5 Stars

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Delancey Street Can Help
with Small Business Loans

We're committed to building relationships and helping people all over the USA get access to the RIGHT loan for them. Regardless of your credit, or the riskiness of your industry.

Trusted

We're frequently interviewed by major media organizations.

Easy Application

All it takes is one application, and we handle the rest for you.

Service

Service is key. You can ask for advice on ANYTHING and we'll bend over to help.

Experts

Many of our team members are former business owners, and understand your challenges.

Customized

We customize each loan for you, and to your unique specs. Everything is customized.

Universal

We help virtually any industry, any business, anywhere in the USA. It doesn't matter.

Nationwide

We fund business loans nationwide. It doesn't matter where you are, we can help you.

Honesty

This is crucial, and critical. We are 100% honest with our clients, and never strive for less.

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

We’re here to answer your
questions. Contact us anytime:

Minimum Qualifications Requirements

Delancey Street’s team consists of former business owners, and entrepreneurs. We understand your business has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Business Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification 3 months in business minimum. Credit isn't a huge issue.
Maximum Loan Amount $5 Million
Loan Terms 6-24 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get funding today

  • Apply today and we'll tell you what you qualify for
  • No obligation and no effect on your credit score
Get pre-qualified today

Bronx Merchant Cash Advance

As an entrepreneur, you need capital now. A merchant cash advance is a quick source of capital for your business. It is different than a loan because it is based entirely on your credit card history. You only pay back a percentage of your sales as you earn them.

How Does It Work?
This funding technique works best for companies that gain revenue from credit card and debit card sales. Because of this, they are often used by retail centers and restaurants. It is not a loan because it is merely pre-paying you for your future sales. You get an upfront, lump sum determined by what you will make in the future.
After getting the advance, you have to pay back a percentage of what you make in credit card transactions. Known as the retrieval rate, this percentage is generally 5 to 20 percent of the sales. You never have to make a fixed payment each month. Instead, you pay back a percentage until the advance is totally paid off.
The fees are set according to your ability to pay back the merchant. The factor rate is typically around 1.2 to 1.5 according to your company’s risk. A higher factor rate means you pay higher fees. An advance of $50,000 with a factor rate of 1.4 would cost $70,000 to pay back.

Payments Are Determined According to Your Sales
With a term loan, you have to set aside a fixed payment each month. A merchant cash advance is different. The business pays a percentage of the credit card sales they bring in each month. The provider automatically deducts this percentage from your sales until the advance is paid back. The repayment period can take from 90 days to 24 months depending on how much you borrow and how much you sell.

The Advantages
This funding technique works well if you are pressed for cash. A loan can take days or weeks to apply for. Even when you have turned in all the paperwork, it can take even more time to approve the loan and get you the money. A merchant cash advance is much faster. You get approved within the first day. Then, you get the money within just two days or less.
With a merchant cash advance, you never need to have collateral. The funding is set according to your sales. You do not have to risk your assets as collateral or use personal assets for your business. You can also get this funding if you have poor credit. The main thing that matters is your sales history.

Why Do People Choose a Merchant Cash Advance?
Many people choose this funding option because they are fast. You do not have to do in-depth, onerous paperwork. Since a merchant cash advance is unsecured, you do not have to use collateral. This means that you will not lose your home if you cannot pay it back. When your sales are down, you do not have to pay back a high fixed payment. You only pay back a percent instead of a set amount.

Like any type of loan or advance, there are drawbacks to this kind of funding. The contracts can be confusing, so it is important to go for a provider you trust and who has a straightforward process. Depending on how long you take to pay back the money, your functional APR could be much higher than a normal bank loan. If your sales drop, it will take you longer to pay back the money. No matter how long it takes you to repay the money, the amount you pay is still the same because the advance uses a factor rate instead of an APR.

Before you get an advance, do your research. Make sure that you will be able to comfortably repay the money. You also want to read through the contract and check the factor rate to see if you are getting a good deal. If the numbers work out, then this could be a good choice for your business.

Do you need a small business loan?

Apply now