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

Restaurant Merchant Accounts and Credit Card Processing

Restaurant Merchant Cash Advance

Merchant cash advances (MCA) is a form of financing for businesses, particularly small businesses and retailers. It’s not a business loan. It’s technically a cash advance, as the phrase states.

It’s one of the new financing innovations available to businesses that needs short term cash to pay expenses or invest in growth.

Basically, a merchant cash advance company will pay a business a lump sum in exchange for future sales to be paid as a percentage of credit card and debit card transactions.

Merchant Cash Advance – Flower Shop Example
For example, let’s say a local flower shop needs $20,000 to buy a shipment of flowers for the upcoming Valentines Day rush. They don’t have the cash on hand and they have maxed out their credit cards.

They also don’t have time to apply for a bank loan which can take several days to weeks. It also requires a ton of paperwork, getting financial statements together, digging up tax returns, etc. Banks require a lot of documentation and information in the business loan application process.

They need the $20,000 and they need it quick. Otherwise, they won’t be able to buy the flowers from their supplier and they’ll miss out on one of the biggest sales days of the entire year.

Just for fun, let’s say they expect to make $100,000 in retail sales from the $20,000 in wholesale flowers they buy. Without the $20,000, they won’t make the $100,000.

So they go to a merchant cash advance company and get a lump sum payment of $20,000 to buy the wholesale flowers. In exchange, the flower shop will pay them back $25,000 with future sales. The MCA company makes $5,000 eventually and the flower shop can now buy the whole flowers it needs to sell $100,000 worth on Valentines Day.

How the cash advance payback works is the interesting part here. The MCA company will take a percentage of the credit card and/or debit card transactions as they come in. They may take 10-20% of each sale.

That means the next customer that uses a credit card to buy a $100 bouquet of roses for his girlfriend, $20 will automatically go back to the MCA company. That process will be repeated until the entire $25,000 is paid back.

So on Valentines Day, the local flower shop will sell $100,000 worth of flowers. They use the cash from the MCA company to buy $20,000 worth of wholesale flowers, but now they have to pay the MCA company back $25,000.

That means they made a margin of $75,000 on that deal. Without the cash advance and without any other source of financing, that local flower shop would’ve had to pass on this opportunity to profit from Valentines Day.

Benefits for Businesses and the MCA Companies
Depending how you look at it, this can be a win-win situation on both sides. One of the those win-win’s comes from the fact that the payments are automatic.

This is obviously good for the MCA company because it lowers their risk of being paid back. If it’s a retail business they’re servicing and they automatically get a cut of the credit card transactions, that means the MCA doesn’t have to wait for the business owners to make a conscious decision to write a check to pay the advance back.

It’s good for the business owner as well. The small business person doesn’t want to have outstanding debts just like anyone. But when it comes time to write that check to pay back the cash advance, there may be temptations to use that cash for other things and delay payment.

In the long run, this can be detrimental to the business, particularly to their FICO score or credit ratings. It can also be emotionally draining for the business owner to be forced to make that decision to write that check and watch cash drain from their account.

If it’s setup as automatic payments and the MCA company is being paid back incrementally in small payments, that makes it tremendously easier for the owner to make sure the payments get made. And it doesn’t hurt as much emotionally because the payment goes to the MCA company before it even ends up in their bank account.

This is called the split withholding method. Most MCA companies and businesses alike prefer this method.

Financing Innovations
As the business environment improves and many more people enter the exciting world of entrepreneurship and starting their own small businesses, the marketplace will need to keep up with new innovations to finance these new ventures. The economy depends on it.

Merchant cash advance is one of those innovations that small businesses can utilize to keep them in business and take advantage of growth and investment opportunities that may come up.

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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