Jet capital

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

Jet capital

According to research, one of the main causes of failure of small businesses is inadequate capital for business owners. Merchant cash advance (MCA) was introduced to promote the growth of different ventures as they provide an easy way to source their capital. However, it is only a temporary option. The owner of the business is required to pay the amount received in the future from the income received from their venture.

How MCA Providers Work

When a business approaches the service provider, they are given a lump sum. The amount repaid is calculated based on the amount of daily income. The rate applied to the cash received is known as the holdback. Different service providers may charge different rates. Most of them will use 5% to 20% depending on factors such as the amount issued, the daily business income, and the preferred repayment period which usually ranges between three and eighteen months. One is required to start making payments immediately after they receive the cash.

Before you are given cash, the MCA provider reviews the amount of cash received by your business within a certain period of time. The exercise helps to determine the amount of money that you are eligible for. You may receive up to 250% of your periodic earnings. There are many reasons why some people prefer using Merchant Cash Advances as their source of capital as compared to other options available.

How to Apply for MCA

Just like in the application of business loans, technology has made it possible for merchants to apply for MCA on different online platforms. The application process requires an individual to provide documents which include their tax returns and banking information. The process only takes a few minutes. Most MCA providers approve the request in a considerably short time as compared to other sources of capital. Once the service provider has processed the MCA, the applicant is notified after some days. For that reason, the cash can be used for emergency business expenses.

The credit score of individuals and businesses is an important factor that lenders consider before approving requested amounts of money. Some of the lenders require the applicants to have a perfect score and that hinders many business people from accessing the capital required to grow their ventures or cater to different expenses. For merchant cash advance service providers, some of the factors considered include the consistency of the sales revenues for your business, your credit repayment history, and the period that you have operated the venture.

Unlike a common practice by financial institutions to ask for collateral , MCA providers do not require it to approve your request. If a borrower fails to repay the loan according to specified terms, the financial institution can dispose of the security to cover the debt. As a result, MCA is a good platform for small businesses as some may not possess enough assets to secure required capital.

Repayment of the Cash

MCA providers provide flexible repayment schedules to their customers. Small business loans require the borrowers to honor their debt which is issued at a fixed rate. Therefore, the business pays a fixed amount of money irrespective of their income during a certain period. The provision may not favor some businesses as some months may not be as productive as others. When you approach a merchant cash advance provider, you will pay the amount approved depending on the periodic credit cards receipts.

Conditions for Receiving MCA

For one to qualify for high loan limits in banks, they are required to have a perfect credit score. MCA providers have promoted businesses as some of them can offer up to $2,000,000. MCA is suitable for organizations that require quick cash and have a good record of their credit card transactions. New ventures can also benefit from the cash advances as they may lack a good credit score to secure loans from traditional financial institutions.

The advance providers determine the amount payable by multiplying a rate known as a factor rate by the amount of money that you receive. Some of them set a certain amount of income that a person or business should make periodically to ensure that the customers can repay the cash in full within the specified period. The factor rate applied is more than 1 and varies depending on the service provider that you approach. Some merchant cash advance providers may use a rate of up to 3%.

Demerits of the Financial Option

There are several disadvantages associated with MCA providers. For example, their services are considered more expensive than other credit options. Some statistics from some of the advance providers have shown that a business or individual may pay a three-digit APR at the end of the repayment period. Unlike traditional financial institutions, MCA firms operate under different regulations depending on their jurisdiction. The financial option may not suit a person or organization that wishes to improve their credit score as most of the service providers do not report to credit bureaus.

Do you need a small business loan?

Apply now