GRP Funding

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

GRP Funding

When you have a low credit score or insufficient financial history, getting approved for business financing might seem difficult. Although qualifying for traditional business financing or loan when you have a poor credit score can be very difficult, there are options other than typical business loans or financing.

A merchant cash advance is a quick source of funding for a business owner with an immediate need for cash. These cash advances are often provided through alternative financing companies.

A merchant cash advance is the sale of a portion of your business’s future income in exchange for an upfront working capital. This type of funding is short-term in nature with payments made daily, as a percentage of your daily credit card receipts. Merchant cash advances are a perfect option for businesses who might not be able to obtain funding from other sources.

Since you’re repaying through your business’s credit card sales, merchant cash advances don’t require collateral to secure financing.

Pros

. Easy approval process
. Bad credit is accepted
. Quick access to funds
. Suitable for a wide range of business purposes
. Minimal paperwork.

Cons

. Daily deduction of credit receipts reduces cash flow
. Less flexibility to switch credit card processors
. More costly than traditional loans

Who Can Qualify?

For cash-strapped business owners with less-than-perfect credit, a merchant cash advance might be the ideal option.

The primary requirement for a merchant cash advance is you must make daily credit card sales. This funding option is a great fit for retailers, restaurants and service companies.

This is because these businesses typically process a large volume of credit card transactions. Merchant funding companies provide working capital solutions to these businesses when they are in need of financing to sustain or grow their enterprise.

Businesses that either receive credit card sales infrequently or don’t accept credit cards usually won’t be able to qualify for a merchant cash advance.

If you run a business that accepts credit cards as a main form of payment, a merchant cash advance could be worth exploring.

How to Apply For A Merchant Cash Advance

The good news is that you can go online and apply for a merchant cash advance without hassles. The application is fast and easy and it does not require you to go through a complicated process or wait several weeks or months to find out if you are approved.

Because the funding company simply takes their “cut” from your daily card credit income, they will review your credit card receipts to be certain you generate enough sales volume. Cash advance providers also examine business bank statements and credit score, too.

Once approved, you can often get access to the funds fairly quickly – in as little as 24 hours. The funds are deposited into your business bank account.

Remember: merchant cash funds come with higher fees than with traditional loans.

Documents you need:

. Bank Statements
. Driver’s License
. Voided Business Check
. Credit Score
. Business Tax Returns
. Credit Card Processing Statements

Unlike traditional business loans, merchant cash advance applicants do not necessarily need to have many years operating as a business to qualify. If you need working capital quickly, but don’t meet the qualification requirements of a traditional loan, or don’t want to wait for a loan decision, a merchant cash advance has you covered.

How Merchant Cash Advances Work

Funding companies review your documents and information to get an idea of your future sales potential. Once they have this information, they will then determine how much funding to provide.

Repayments are based on sales. Instead of a fixed monthly payment, interest rate or payoff date, with a merchant funding you make daily payments until the amount is paid in full.

A percentage of your daily credit card sales will be remitted to the funding provider, instead of being held to a set payment amount. These percentages are predetermined at the time of approval.

The remittance is tailored to the flow of your business’s sales. When sales are slow you pay less to the merchant cash advance provider, and when sales are booming you pay more. Usually, the payback period ranges from 3 months to 15 months.

Conclusion

Given stringent bank loan requirements, business owners have to take advantage of whatever funding resources they can find. A merchant cash advance provides a quick funding solution for business owners with an immediate need for cash.

As you already know, this form of financing is considerably more costly than traditional financing. And based on the structure, obtaining this type of funding can really take a chunk out of your cash flow. But this type of business funding can help to support a business if sales have been down.

Before you finalize the transaction or contract, make sure you understand what’s involved. It is crucial that you review the terms carefully before signing in agreement.

Do you need a small business loan?

Apply now