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

Collectable Coin Merchant Accounts and Credit Card Processing

Collectable Coin Merchant Cash Advance

If you need working capital for a business, you may consider a merchant cash advance (MCA). An MCA is not a loan. It is an advance that you pay back through credit card receipts. If you need money for your business quickly, a merchant cash advance is one of the ways you can receive it faster than a loan. If you are considering an MCA, educating yourself about the payback process is beneficial.

How Does a Merchant Cash Advance Work?

An MCA works like a typical cash advance for an individual. You get a lump sum for your business and then there is a holdback of your future credit card transactions. The retrieval rate is determined upfront so you can consider the impact. This percent is usually between 5% and 20% of each credit card transaction. When you receive the lump sum, the holdback starts. The holdback usually lasts for three months to a few years, depending on your credit card transactions.

How Much Will You Get?

The MCA provider will look at your credit card receipts for the last several months and determine the amount of the advance.

What are the Benefits?

There are many benefits to a business that needs money fast. These benefits tend to outweigh the pitfalls because it is fast working capital and can help a business grow or get through a tough time.

  • You Don’t Need a Perfect Credit ScoreA merchant cash advance provider won’t just look at your credit scores. They are usually less concerned about a credit score and more concerned with your ability to pay the advance back.
  • The ApplicationApplying for a merchant cash advance is an easy process you can do online. If you need to submit documents, these are usually sent online or faxed.
  • Get Funds QuicklyThe approval process for a merchant cash advance is usually a day or two long. It may be longer but it isn’t as long as a business loan.
  • A Merchant Cash Advance is UnsecuredYou don’t need collateral to get an MCA. Your future credit card transactions are used to pay the advance back, so the provider doesn’t require anything else to secure the advance.
  • More MoneySome providers will lend more money than a traditional lender. A provider has different qualifications than a bank loan, so they may offer a larger lump sum.
  • Easier PaymentsThe amount you pay back for a merchant cash advance varies. You have the benefit of paying back the MCA with a percentage of your credit card sales. If your business has a slow month your payment is still made.

Who is a Good Candidate for a Merchant Cash Advance?

If you own a business that does mostly credit card transactions, you are a good candidate for an MCA. You may also need to build your credit before applying for a traditional loan. An MCA won’t help you build credit but it will help you get funds while you work on your credit scores. You may need to be in business longer to qualify for a loan, so an MCA will work for the short-term cash you need. An MCA is a good way to purchase inventory if you need it as soon as possible.

What are the Negatives of a Merchant Cash Advance?

The negatives of an MCA usually have to do with the payback. It is expensive to pay the MCA back and can have an effect on the cash flow in the business after the lump sum is gone. The interest can end up being very high over the payback period and fluctuates based on how fast your MCA is paid back. This may cause some businesses to have future problems. If you need cash right away and you are sure your business can survive the high fees and interest of an MCA, it is a good idea. If you have alternatives to an MCA, it is good to explore alternative funding first.

Some Alternatives to an MCA

  • Line of Credit
  • Partnering
  • Credit Cards
  • Loans

While a merchant cash advance offers money fast, there are some negatives to the payback of the advance. Look at all funding you qualify for, prior to considering an MCA. When you know everything that is available to help your business, it is easier to make a decision on an MCA. If you have an emergency and need cash fast for something like inventory, sometimes an MCA is the only option. The faster your credit card sales pay the MCA back, the more your interest rate for an MCA increases. The pros and cons of an MCA are for each business to weigh individually and decide if the cash advance works well for them.

 

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

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