Los Angeles Merchant Cash Advance
Delancey Street is a top rated Los Angeles merchant cash advance provider. We understand your business has needs, and needs funding. We can help. Using our proprietary algorithm, we’re able to evaluate your cash flow – and help you get the funding you need without high interest rates and fees that many other merchant cash advance companies in Los Angeles charge. We recognize the importance of having extra capital – especially if you’re having a bad month, and can’t make basic payments like payroll. That’s where a Los Angeles merchant cash advance comes in handy!
What is a Los Angeles merchant cash advance
This is a cash advance, not a loan. You get a lump sum of cash, in exchange for a percent of future credit/debit card sales. The cash advances we provide give you capital that you otherwise might not qualify for. Many businesses who are candidates for merchant cash advances don’t qualify for traditional financing – or traditional financing may not be quick enough. When you get a merchant cash advance, you’re able to stay afloat while your account receivables catches up with your business. We believe in being your partner, and we’ll always advise you in whatever is your best interest. We believe every business deserves the opportunity to succeed and thrive – sometimes you need a cash advance to help. We want you to consider us your business partner who bails you out of a bad month. When you work with us, you aren’t putting your business or personal assets at risk. Many people think because of poor credit, they won’t qualify. That’s categorically false. We care about your business, it’s account receivables, and how likely it is your business will thrive. Merchant cash advances amazing for people who accept credit card payments, or have some other form of recurring – and transparent – stream of revenue. This isn’t a loan, it’s a cash advance against your future proceeds. We take a calculated risk that you won’t default on the loan, and will repay the loan. We work with merchants in all industries and verticals. You can get the cash advance within a week, without immense paperwork. It’s common for most cash advances to get funded in 24-48 hours.
You won’t lose your home, or other personal property by taking a merchant cash advance from us. You don’t need to worry about forfeiting your personal or business assets either. If you go out of business, you don’t have to worry about lawsuits, or risk of repayment. These are non-recourse loans, which means theres no penalty. Depending on how risky your business is, in some cases, a Los Angeles merchant cash advance company might ask you to sign a personal guarantee. This is rare, but if your business is “risky,” and isn’t old – it might be required to secure the loan. Typically though, these types of cash advances are non-recourse – which means there’s no risk or penalty to you if you close down the business.
For many business owners, getting access to funding can be challenging. Traditional banks operate under stringent lending practices that limit their ability to provide fast funding to companies that do not meet their lending requirements for any number of reasons.
Los Angeles merchant cash advance services offer underserved industries and businesses access to fast funding for their operational needs. Instead of basing creditworthiness on factors like personal or business credit or secured collateral, they use recent financials and credit card sales statements from the company to qualify for an advance.
Industries Los Angeles Merchant cash advances serve:
Startup Companies – As a startup company, two things can put financial stress on a business owner. Not having enough cash flow to grow faster is one. The other is rapid growth. Without adequate free flowing cash to buy inventory or hire additional staff, you want to avoid this growing pain! Funds from a merchant cash advance service can get used by startup business owners for any purpose.
Need to hire? Do it with confidence and payroll.
Do you need new inventory? Access a lump sum to get the best price on fresh products.
Did you have a bad month? Merchant cash advances give startup business owners access to a lump sum, helpful for evening out rough patches in business operations.
Need to ramp up your marketing efforts? Use a merchant cash advance to rev up your marketing campaigns.
Commercial Real Estate – There’s little doubt that embarking on a commercial real estate project requires access to sizeable amounts of capital. If you’re having troubles accessing conventional loans from traditional lenders, a merchant cash advance could be right for your project needs.
Need to redevelop land? Merchant cash advance providers can offer access to millions of dollars to finance the project. These funds can get used for teardowns, construction, and new commercial developments.
Need to refinance? Working with a los angeles merchant cash advance provider offers commercial real estate investors the ability to refinance their properties quickly and conveniently.
Want to justify a higher asking price on a property? Funds from a merchant cash advance can get used for repairs, renovations, and improvements on rehab or fix and flip homes. Regardless of whether you need to make just a few alterations or a complete overhaul, a merchant cash advance gives you access to the funds you need to make a more profitable sale.
Need to update and do maintenance on your rental properties? Owning rental properties can be a challenging business. It’s essential to assure that your rental properties get updated and maintained for safety, health, and living concerns. For some landlords, an expensive, unexpected repair, such as needing a new roof or dealing with frozen pipes costs more than what they have on hand. Merchant cash advances can get used to cover costs for repairs, new appliances, or even upgrades such as new flooring or energy efficient windows.
Benefits of a Los Angeles merchant cash advance:
Access to larger amounts of capital – In many cases, merchant cash advance providers can offer anywhere from 50% – 250% of the businesses anticipated credit card sales transactions. For companies struggling with cash flow, these funds help keep the business running smoothly during slow periods.
Bad credit OK – When you have a dream to build and grow your business, having the financial backing you need to make it become a reality is essential. Merchant cash advance providers work with real estate investors and developers who have less than perfect credit to secure financing for their real estate projects of all sizes.
Fast Funding – Timing is everything.That is why merchant cash advance providers process all cash advance applications in hours, not weeks. Qualified business owners who agree to the terms of the contract can get funds deposited to their company checking account in 48 hours or less. Once deposited, funds are available to get used in a way that’s needed.
Is a Los Angeles merchant cash advance right for you?
Like all financial services, read and understand the terms of the agreement. Merchant cash advances have high fees, and daily repayment of the cash advance starts upon issuance.
How do merchant cash advances work?
Merchant cash advances are one of many business financing options that Delancey Street provides. We have a number of financial tools at our disposal to help business owners get funding for whatever comes their way. We provide merchant cash advances to businesses all over USA. Merchant cash advances aren’t a loan – they are an advance payment against your future income. We provide you with a lump sum, which is then repaid using a % of your daily credit card receipts/bank deposits. This is great for businesses who have some short term financing needs, don’t necessarily have a strong credit history, and above all – have a recurring and steady stream of revenue. The % we take from your daily sales is known as the holdback/retrieval rate. It can range anywhere from 5% to 20% based on how much money you borrowed, your credit card sales, and the repayment period. Depending on how much money you were advanced, terms can be as short as 90 days or as long as 18 months. Repayment of the merchant cash advance begins immediately after you get the funds. The amount you can borrow when you work with Delancey Street on a merchant cash advance depends on your average credit card sales.