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

payday lenders merchant accounts and credit card processing

Payday Lender Merchant Cash Advance

The only way to make money in business is by spending money. You must be able to provide a good or a service, and both typically require funds. Most people are able to start their own business with their own savings, with a personal bank loan, or with funding provided by investors. However, many small business owners find that they need more funding somewhere along the way. The most common way to expand your business is to take out a small business loan to help you grow. What happens, though, when the bank denies your request for a loan?

Small Business Loan Denials

A small business loan is available to small business owners who have been in business long enough to establish a business history. Your business must have its own credit score, and it has to be a good score. In addition to a professional business credit score, your own personal credit score needs to be good if a bank is lending you money. You also need a detailed and precise business plan. If a bank doesn’t feel that your credit scores are high enough or that you have not been in business long enough to allow them to lend you money, you may find that you are unable to secure a small business loan. Additionally, you might find that it’s impossible to get a small business loan if you don’t have a business plan that the bank feels is good enough. What options are left for you?

Use A Merchant Cash Advance

A merchant cash advance is an alternative to a small business loan. However, it’s not the same as a loan. A small business loan is a loan you spend years paying off. You have one monthly payment made to the lender every month. The amount of your payment only changes if you opt to pay more than the amount due. If you pay it off early, you save a lot of money on interest. It takes weeks of paperwork, applications, and stress to secure a loan like this.

A merchant cash advance is not a loan. It’s a cash advance. You do not get many years to repay this money. You have approximately one year to finish making payments. It does take longer in some instances, but many people are able to repay their merchant cash advance in as little as three months. The reason it’s difficult to pinpoint a repayment date is that you pay daily.

The amount of your payment is not one you know in advance. You don’t pay monthly. Your payment is made to the lender via a bank ACH withdrawal every day. The amount you pay is based on the interest rate you agree to when you sign up for this type of loan, and it’s based on the number of sales you make that day in which your customers use their credit card or their debit card. If you have a slow day, your payment is less that day than it is on days when you make more sales.

This is a helpful tool for many borrowers, but it’s also dangerous. You never know how much you will pay. While you might be given a merchant cash advance when a bank loan was denied, you also pay a much higher interest rate. Depending on your personal and business credit score, you might pay an interest rate that extends well into the triple digits.

Is This Form of Borrowing Right for Me?

If you’ve been denied a small business loan, this type of borrowing might be right for you. However, it might not be right for you. If you cannot guarantee that the money you are borrowing will help you grow your business and make more money, it might cause you to fall short making your repayments. This can lead to a cycle of borrowing even more, and it can cause you to fall further into debt. This type of loan is not one you can pay off early, either. You can pay it off early if you want, but you don’t get to avoid paying the interest rate with an early repayment.

If you’ve been denied a small business loan or you simply cannot wait long enough for a bank to fund your loan, this might be the right option for you. The way to ensure your merchant cash advance is successful is to ensure you can repay the loan, and it’s to take only what you need. If you qualify for more, you don’t have to take that money. Take only what you need so you can always afford to make your repayments. This form of borrowing is expensive, and you need to be prepared for the cost.

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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