Big banks don't want you to know this...

Getting a small business loan isn’t hard. Most small business owners are scared into paying higher interest rates, so big banks can make more money.

At Delancey Street, we’re empowering business owners. We give you our rate, and we also find the rates of our competitors all at once. If we think our competitor has a lower rate, we’ll refer you to them.






Going to traditional lenders is slow and outdated

Most banks have very strict regulatory rules and restrictions. The banks are super stringent, which makes it difficult for a small business owner to thrive. Most loans take way too long, and require numerous personal guarantees which stifle innovation.

Here’s how the traditional small business lending process goes usually:

It takes forever to apply with traditional lenders

Most business owners have to wait 2-3 months to find out

Most lenders reject the majority of business owners

Even after you get approved, it takes 90 days to get funding

Bottom line, getting a small business loan from a traditional lender is painful, slow, and not likely to result in an approval. There are other solutions though….

The Faster Way To Get Funding: Delancey Street

How we operate is simple: we’re both a direct lender and a marketplace. We make it easier for a small business owner to get funding by streamlining the application process. We ask you for some basic information, and then give you our quote and if necessary, connect you to other lenders who specialize in situations like yours.

Wondering how fast, and easy, it is? Keep reading!

Our online application takes 3 minutes(if that!), and is completely online, with no faxing, or other headaches that cause delays and are painful.

We then evaluate your application to see if we can fund it directly, and evaluate it against our partners/competitors to see if they would be a better fit.

Because of our large network, we can fund many, if not most, business owners who apply everyday.

Funding times vary, but it's possible to get the funds wired within 24 hours of the application submitted.

You can get approved in 24 hours once we see your application and get 3 months of bank statements.

The simple nature of our process, and the fact you’re working with a direct lender hybrid, whose looking out for your best interests is why small business owners turn to Delancey Street. Over the years we’ve added more and more types of services and loans to our offering.

Give Our Marketplace A Try


It’s Not Hard To Qualify For a
Small Business Loan

Every day we talk to small business owners who think they’ll never qualify for a small business loan because they’ve been rejected. That’s not true. Many owners who apply through Delancey Street find funding.

We have a large number of financial products, and we assign a concierge to identify your business need. Then, based on that consultation – our concierge figures out which financial product is right for you, and which one you have the highest chance of qualifying for. Because we don’t take a cookie cutter approach, we’re making it possible to borrowers to get approved.

You don’t need perfect credit to get a small business loan. In addition to credit and time in business, lenders look at a lot of factors:

The type of loan you’re applying for

What are your financial projections

How you plan on using the funds

What is your industry

What's your monthly revenue

We can even help you by creating a loan that cross-collateralizes different assets you have in order to help you qualify for a loan.

Here’s How To Apply For Your Small Business Loan Through A Lending Marketplace


First, fill out the online application. Ours is free and takes just 15 minutes. It’s also secured with bank-grade encryption and SSL technology, so you know your information is safe.

You’ll answer a few basic questions like:

  • What industry your business is in
  • How long you’ve been in business
  • How much your monthly revenue is
  • How much debt your company has
  • How you plan to use your loan
  • What your credit score is

All you have to do is fill in the blanks. That’s it.


Second, you get matched with loan options from our network of 75+ lenders.


Third, approving lenders send you offers. You get to compare offers and pick the loan option that’s best for your business. If you need a little guidance, we have personal funding managers standing by who can walk you through everything and help you determine the best choice for your budget, needs, and goals.


Finally, you get access to more working capital. While funding times vary by loan type, you can often use your small business loan in as little as 24 hours after approval.

You have so, so, so many
small business loan options.

We’re a direct lender, and we’re also a marketplace. It means there’s never a shortage of lenders who we can get the loan approved from. Most business owners know about SBA loan, term loans, and lines of credit. Many are surprised to find out there are many other types of small business loans you can choose from. There’s a small business loan for just about any business need.

Here are a few ways you can use your small business loan when you get funded:

Use your business loan to transform your idea into a business that has ROI

Use a business loan to buy a franchise, or new restaurant, you've had your eyes on

Get extra working capital with a line of credit, or business credit card

Have extra cash flow on hand with a merchant cash advance, or get accounts receivable factoring from our team

Get a commercial mortgage/hard money loan to expand your office

Use a standard term loan, for just about any business financial needs you have

Get an equipment loan to finance your next truck, software system, or anything else really

What's The Right Choice? Work With Your Delancey Concierge To Find Out

Don’t get overwhelmed. There’s a lot of options – but that’s why we assign a Delancey Street concierge rep to ask you questions, and help you identify which loan is right for you. :

How much financing you can afford?

How do you plan to use your loan?

How much will the loan cost you?

If you need money now, and expect a fast return on investment, then you need a shorter term loan. But if you just want a way to build credit, and need working capital in case of emergencies then a line of credit is a great option. You don’t need to go through the process alone. You can work with your Delancey Street concierge rep who explains the loan options, and helps you understand what you need. Our concierge discusses every single step of the process, and helps highlight the strengths of your business to identify which loan is the best for you.

Merchant cash advances aren’t loans. They are a form of “factoring,” where a lender – like ourselves, is looking at how much money your company makes – and gives you a cash advance against it. When you apply for a merchant cash advance with Delancey Street, we only look at your monthly gross income. Typically, approvals are generated in 1-2 hours, and it’s possible to get funding in 24 hours.

Pro’s of cash advances

  • Fast access to funds
  • Easy approval process
  • Bad credit is ok
  • Great for a whole array of businesses
  • Con’s of Cash Advances

Who should get a cash advance

If you need money FAST – and can’t afford to spend time dealing with the traditional lender qualification process – then a merchant cash advance is ideal for you. If you had bad credit, again – a cash advance is a great idea – because merchant cash advances are based off your income – not your credit. If you’re a new business, – again, cash advance is great – where traditional lenders might turn you down. Bottom line, we’re super flexible – and sometimes, that’s what you need.

Con’s of cash advances

  • High Fees than traditional business loans
  • Daily reduction of cash flow to repay cash advance
  • You can’t service providers until loan repaid

Why business owners should be careful

There are “con’s” to merchant cash advances, just like any financial product. Merchant cash advances can be more expensive than a traditional loan. This is due to the fact that lending guidelines are less stringent, which makes them a more risky loan for a lender.

Merchant Cash Advances Explained

If you need working capital then a cash advance is a brilliant idea. It can help you jumpstart your fundraising efforts – and you can use the funds for virtually anything you need. You can use the merchant cash advance funds to pay for bills, equipment, or even for rent. Bottom line, if you need cash fast to fulfill expenses – then a merchant cash advance is ideal. Regardless of why you need the cash advance, it’s important to be aware of the fact there are advantages and disadvantages. After you read our article, you’ll get a great idea of:

  • What a cash advance is
  • The pro’s and con’s of mca
  • Who a cash advance is right for
  • Why business shoulders need to be careful with merchant cash advance
  • What alternatives you have to cash advance when times is of the essence

How cash advances work

This is not a loan. It’s a NEW type of financial product. They are an ADVANCE, which is given based on your existing income. We give you a lump sum of money, and then you repay it over a period of days. It could be 100 days, 150 days, or 50 days. The amount you borrowed is repaid using a % of your daily gross income. For example, you might be asked to repay $100 a day, for 60 days, in order to repay your loan. The great thing about cash advances is that you’ll know exactly how much you’re expected to pay -and you’ll never be confused.


Whether your business is having a cash flow problem or just needs cash for payroll, a merchant cash advance could be a useful funding option. A Merchant cash advance is a way for you to get cash for all of your business needs. Once you apply for an advance, you can get cash in just 24 to 48 hours.

How is this different from a normal term loan?

Merchant cash advances are based on your business sales ONLY. When you ask for an MCA, we’re looking at your credit card sales, and monthly bank deposits. We look at your expenses, and based on all of this, we figure out how much you can afford to borrow and repay! Typically, we’ll give anywhere from 100-300% of what you make in a month as a cash advance. You then repay the loan with daily or weekly payments that are automatically deducted from your account.

What are the benefits of a cash advance if you’re getting rejected elsewhere

There’s a number of reasons why a cash advance is popular. Bad credit isn’t an issue period – and you have flexible repayment plans, fast cash, and a simple process. With all of this, why would anyone not want one? It’s a useful option for owners who need cash quick.

There’s literally no collateral needed. Many banks need a personal or business asset in order to get the loan. The bank wants to guarantee they’ll get their money back if they do not repay the loan. With a cash advance, you have zero need of collateral. In addition, the cash comes fast – if you’re suffering from cash flow problem then a cash advance is a great option. After you apply, you can get the money in just 24 hours.

Are There Alternatives to a Cash Advance?

This type of funding works great if you have an established business which makes money. It’s great if you need money fast, and are open to flexible repayment plans. If you need cash, and want an alternative, we can help you with a few different options too!

Credit cards: We can recommend credit cards that might be good to help you cover your expenses.

Term loans: If you have time, you can try to qualify for a traditional term loan. This is like a mortgage, and you borrow a certain amount that is repaid over a period of time. You can get a fixed or variable rate. The APR is often lower than a Business cash advance. It takes longer to apply for a business loan though.


Whether your business is having a cash flow problem or just needs cash for payroll, a cash advance could be a useful funding option. A Business cash advance is a way for you to get cash for all of your business needs. Once you apply for an advance, you can get cash in just 24 to 48 hours.

Factor rates matter

Unlike a normal loan, cash advances don’t have an APR. Instead, you’re paying a factor rate. It’s a decimal point number, which represents what you have to repay to the lender. This fee can vary, but can be anywhere from 1.05 to 1.4. When considering a cash advance, it’s important to keep in mind that applying is a straightforward process, and it’s very transparent. It’s something you can do online, and you’ll know exactly what you are obligated to repay back.

The app process

It’s simple. You upload your documents online, fill out the online application, and provide 3 months of bank statements and/or credit card processing statements. You can get approved fast, and typically in just a few hours. This is great if you need money fast in order to cover your payroll, or other business expenses you have.

Credit isn’t a factor, whereas most business and personal loans require that you have a strong credit score. Most cash advance lenders are very lenient and/or ignore credit. You’re able to get a decision within a few hours and funds in 24 hours. The cash advance lender specifically looks at your income, and whether your business makes enough to afford the loan.

No collateral

One of the reasons many companies accept a cash advance is because there is NO collateral to get it. Most traditional loans require some form of collateral in order to make sure you will repay the loan. In a cash advance, you don’t have to put up any personal, or business, assets, in order to get the cash advance.


Small business loans have a fixed interest rate, and fixed monthly payments. It means you owe the same amount of money every month on your loan. It’s helpful especially if you need to budget your expenses. But, some people can have an issue with a fixed monthly payment. If you have a slow month and can’t make the monthly payment – this can be a problem. With an MCA though, it’s easier. MCA repayments are a % of your daily/monthly sales. That means you don’t need to worry if your business is slow. The cash advance will accomodate that!

High limits

Bad credit isn’t an issue with a cash advance, and neither is the limit. As long as your business produces enough income, you can qualify for ANY size cash advance.

What is a Merchant Cash Advance?
A merchant cash advance is a lending option for businesses that might not have the time or means to obtain a traditional loan. This is a direct cash advance, usually paid in 24 to 48 hours, based solely upon the company’s credit card sales. Business owners who are short on cash utilize this type of loan to get easy funding based on sales rather than their credit history and the state of the business.
This can be done quicker because the advance lender can easily review credit card receipts to determine the ability of a business to repay its loan in a timely manner. MCA providers also place different weight on credit and risk potential, allowing them to offer a higher approval rating to businesses than a traditional lender or bank. However, the rates and terms of these loans are also going to be different as a result, so it is imperative that you understand exactly what you are getting before you sign anything.
Interest, Fees, and Other Information to Know
Typically, a loan is repaid by the borrower making or setting up payments from their bank account on a structure schedule until the loan has been satisfied. However, since a merchant cash advance is repaid with credit card sales, things work differently. Instead of a loan payment, you will have what is known as “holdback”. This is a percentage of your daily credit card sales, which is determined at the time of your application and approval, that is used to repay your loan. Typical loans require holdback of between 10 and 20 percent of daily credit card sales.
The benefit to this is that repayment is based on your daily balance of credit card sales, which means you may be able to pay it off faster if you have a high volume of credit card transactions. Also, if things are slower on a certain day, the MCA provider will take less money. Essentially, you only pay back a percentage of what you bring in. This makes it nearly impossible to default on repaying a merchant cash advance, which is another great feature.
Interest rates are charged on MCAs. However, it is a factor rate rather than one that is distributed throughout the loan. Every provider is different, so talk to yours about what their interest rates are like and how they are calculated and charged so that you know what you are dealing with before you take the advance.
Is a Merchant Cash Advance the Best Choice?
Businesses that are in a tight spot can definitely benefit from a merchant cash advance. It makes sense for short-term, quick financing that your business needs. However, you have to look at the cost of the loan, including the interest you will repay, to make sure that it makes sense for your business. These advances cater to people who need quick money, so they have much less strict requirements for approval but they also come with a much higher price tag than a traditional loan.
If you are in a tight spot, this might indeed be your best option. Be sure to look at all of the options that you have for business capital when you need it to make the right choice. Also, keep in mind that this advance is not a traditional loan and that it is not reported to credit bureaus. That means that it will not improve or assist in building your business credit, so if that is part of your goal you might want to explore other funding options first. However, if you just need quick capital that you can repay on a much easier term, a merchant cash advance might be exactly what you need.

how do you calculate interest on a merchant cash advance?

Before you apply for a merchant cash advance to help you grow your small business, there are a few questions you need to ask yourself. You must also understand what this type of borrowing entails before you sign on the dotted line. A merchant cash advance is not a loan. You do not have years to repay your cash advance. You do not make one monthly payment of a certain amount every month for years. You don’t need great business or personal credit, and you don’t need to have been in business for years, but you do need to know that you can pay interest rates as high as the triple digits. It’s an expensive way to borrow money, but it’s often the best way for some business owners to grow. That’s why you need to ask these questions.

Can You Qualify for a Traditional Loan?

If you can apply for a traditional small business loan and get that, it’s recommended this is the route you take when borrowing. A traditional loan is much more affordable, and it has more benefits than a merchant cash advance. For example, if you can get a loan, you can pay it off early without any penalties and for a lot less. When you have a merchant cash advance, there is no benefit to making a full and early repayment. You still have to pay the full amount of interest on the loan even if you don’t keep the loan longer than a month.

Qualifying for a small business loan requires meeting specific criteria. You must make a certain amount of money in your business. Your personal and business credit scores must both be good or better. Your business cannot be a young business, and even businesses that are a few years old might find it difficult to qualify for a traditional loan. You must have a business plan that the lender agrees will make you more money. If you meet these requirements, it’s better to choose this type of loan than to choose a cash advance.

What’s Your Credit Situation?

If you have good credit both personally and professionally, you will benefit. Even if you have bad credit, you can still secure a merchant cash advance. However, the rate you pay rises when your credit score is low. For example, people with bad credit still qualify for a merchant cash advance, but your interest rate might be in the triple digits. You might qualify for a merchant cash advance, but you might not be able to afford what you qualify for.

Can You Afford to Repay this Loan?

A merchant cash advance can be pricey if your credit score is low. Just because you qualify for this type of borrowing doesn’t mean you should sign up for it. The rate you pay is not like the rate you pay for a traditional loan, but this can work for you in many ways. For example, your rate and your payment are not based on a monthly payment. Your rate and your payment are made daily. You give the lender a percentage of your daily credit and debit card sales to make your repayments. This means your monthly payment for a cash advance if you choose to compare what you pay monthly to a traditional loan, is significantly higher.

On the same note, though, your payment is based on your sales. If you don’t have high sales one day, you’re making a very low payment that day. The purpose of this is to get your loan paid off as quickly as possible. A traditional loan gives you many years to make your repayments. A cash advance is typically repaid in as little as three months or as many as 12 months. It’s not a long-term lending solution.

How Much Do You Need?

Most cash advance lenders will not give you more than $250,000 for your business. If you need more than that, you are not going to find it here. However, they will give you loans anywhere from $2,500 to that point. If you need a small cash advance, you might be able to borrow even with a higher rate and still repay it quickly and in an affordable manner.

If you are going to go the route of a merchant cash advance, you want to borrow only what you need. You do not benefit financially from having additional money in the bank if you don’t need it. Take what you need, pay it back, and don’t borrow more. Use this when you have no other options available, and then move on when you find a better way to borrow. If you can apply for a traditional loan, that is the kind of loan you want to take.

Get Your Small Business Loan Today

Applying is free and you’ll have your own concierge

We’ll give you multiple scenarios