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

No Doc Business Loans

In this economic climate, there’s no shortage of ways for business owners to receive quick funding for their businesses. A convenient way to get access to business funding is through a merchant cash advance (MCA).
If you’re a merchant and you haven’t received funding from an MCA, you could be missing out on a great business funding opportunity. Not only can your MCA application be approved quickly, merchant cash advance providers offer an easy way for you to repay your merchant cash advance.
A merchant cash advance is a type of business funding that is based on your daily credit card receipts. MCA providers will offer funding for your business in exchange for a portion of your future credit card receipts.
Unlike traditional business funding opportunities, you won’t be required to provide your MCA provider with collateral. As long as the provider has access to your future credit card receipts, you could be approved for a merchant cash advance.
Here are the steps that are required in order to get approved for business funding through a merchant cash advance.
1. Complete an application. Provide information about your business including your credit card receipts, business history and industry.
2. Your application gets reviewed. The merchant cash advance provider will review your credit card receipts to determine if you qualify to receive an MCA offer.
3. Receive your merchant cash advance decision. If you’ve been approved for an MCA, you’ll be required to sign a contract. This contract contains details about your merchant cash advance offer including holdback charges and factor rates.
4. Get your cash. You could receive your merchant cash advance funding in a day. Your MCA provider will deposit your approved cash advance amount into your business banking account.
How Holdbacks Affect Your Merchant Cash Advance
Merchant cash advances have holdback charges that are based on your daily credit card revenue. In many instances, merchant cash advance providers charge up to 20 percent of your daily credit card receipts for holdbacks.
Let’s explore how holdbacks can affect your merchant cash advance. Your business had $650 in credit card transactions on Thursday. According to your agreement with your MCA provider, the holdback charge for your total daily credit card receipts is 20 percent. Based on this agreement, your holdback charges for Thursday is $130.
Your MCA provider collects holdbacks automatically. Once a holdback has been collected, it will be applied as a payment to your merchant cash advance.
Holdbacks make it convenient for you to make payments toward your merchant cash advance agreement. However, holdbacks can decrease your monthly revenue. This might make it challenging for you to pay other expenses.
Understanding Factor Rates
When it comes to the convenient features of merchant cash advances, there are costs associated with using this type of business funding. A factor rate is the extra charge that you pay MCA providers in exchange for the funding.
Here’s what you’ll need to now about factor rates before you agree to a merchant cash advance. Factor rates aren’t the same as interest rates. Interest rates are calculated using percents. Factor rates are calculated using decimals.
You can expect the factor rate for your MCA to fall between 1.2 and 1.5. If you get approved for a $39,000 cash advance with a 1.3 factor rate, you can expect to pay $50,700 for the advance after it has been repaid.
Your MCA agreement includes a holdback percentage and a factor rate. Know the terms of your merchant cash advance before you consent to an agreement.
A merchant cash advance is one way for you to receive business funding. This information can help you decide if an MCA is a viable option for your business.

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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