1
Unsecured Merchant Cash Advance

We don't require any personal guarantees, or collateral in order to get you approved for a business cash advance.

2
We're Fast

Sometimes you need funding in 24-48 hours. We work fast and can get you money in less than 24 hours.

3
Simple

We have a streamlined process. We have 1 application, and there's no application fees or any headaches.

4
Fast

We get you an answer within 6 hours of applying. You'll know whether we can help or not.

You deserve concierge service

A merchant cash advance isn’t a loan. It’s a cash advance we give you based on credit card sales that are deposited in your business merchant account. Business owners can apply for a merchant cash advance from Delancey Street and get funding within 24 hours. We deposit the funds directly into your business checking account fast.

Pro’s of merchant cash advance’s
  • Get the funding you need – when you need it
  • Flexible repayment terms
  • BAD credit is OK
  • You can get 100-200% of your monthly revenue immediately
  • You can repay it back early
How to get started
  • Fill out our contact form
  • Speak to our team
  • Get the application
  • Send us the documents we need
Loans ranging
$10,000 to $5m
Flexible loan duration
6 – 24 Months
Interest Rates
Starting at 1.09%
We fund in 1-2
Business days
To Learn More about our Merchant
Cash Advance Loans call:
855-906-3319
Or email us
info@delanceystreet.com

MCA Explained

If you need to raise capital fast for your business, a merchant cash advance is a great idea. It’s a fast way to raise funding. The funds can be used for anything you need. Some businesses use mca to pay for bills that past due. Often, business owners turn to merchant cash advances due to a poor month, or because they need quick cash. Regardless of why you need it – there are advantages and disadvantages. After reading this, you should get a better understanding of:

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

Qualifying for a merchant cash advance

Many prospective clients of ours are nervous that getting approved for a merchant cash advance is difficult. We assure you, there’s nothing to worry about. Yes, it can be intimidating, but in reality – it’s simple. At the end of the day, what we care about is your business. How is it performing? How is your revenue? How profitable is it? How long will it take you to repay the loan? Once we assess that, we offer you a loan amount – and a payment schedule that is comfortable for you.

We’ll ask for simple things like: a copy of your drivers license, voided business check, bank statements, and proof that you actually own the company.

When I needed funding fast, Delancey Street helped. They provided amazing customer service and were always 1 call away. They gave me $50,000 in almost 48 hours, and their entire application process was online. I felt like family.

How Merchant Cash Advances work

Merchant cash advances aren’t a loan. They are an advance – a payment, which is given against future income your business earns. Essentially, we give you a lump sum amount of money. This money is then repaid, a weekly/daily (whatever you wish) period of time. We automatically deduct a % of your proceeds, at some regular interval. The % we are paid, is called the holdback/retrieval rate. This can be anywhere from 5% to 20%. It’s something we calculate based on a number of factors like: how much you borrowed, your overall daily/weekly/monthly sales, and the period of time you need to repay the loan. Depending on the amount of money we give you, the terms for a cash advance can be as low as 30 days, or 24 months.

Generally, cash advances provide for anywhere from 50-150% of your monthly sales. For example, if you do $50,000 in monthly sales, then it’s possible to get a cash advance in the neighborhood of $40k to $60k. If you borrow and repay the money back on time and build a good relationship it’s possible to get even more. Generally, the better your business is doing – the more money you qualify for. One of the reasons many business owners opt for a cash advance is because your personal credit score is irrelevant. Many MCA companies only look at your businesses revenue stream. This is great if your business is doing well – but your personal credit is poor, or your business credit is poor. Even people in bankruptcy can get an MCA.

Benefits of MCA’s

There are a few main reasons why business owners decide to get a merchant cash advance. Here are some of the top level reasons why a merchant cash advance might be a good fit for you.

Straightforward

You can apply for a cash advance online and get approved in literally 24-48 hours. We make it straightforward to get a loan.

We fund fast

Within 24-48 hours of getting approved, the funds can be in your account. In some cases, we can even wire the money the same day!

Flexible

Regardless of whether you get paid via credit card transactions or by check deposits - we can provide a cash advance loan.

Credit doesn’t matter

Most business loans require you have strong credit. With our cash advance loan, you don't need strong credit history.

No collateral

We don't ask for any form of collateral. It is a completely unsecured loan against your future revenue, giving you freedom.

High limits

We can lend up to 200% of your monthly gross revenue, which means you can get the money you need - when you need it.

Alternatives to Cash Advances

We offer a number of financial solutions, including traditional business loans, even lines of credit.

Term loans

This is a loan similar to a mortgage. You borrow a set amount, and repay it over a period of time. Rates can be either fixed, or variable. The term loans can be secured or unsecured. The APR on a term loan is favorable compared to a credit card or cash advance. Your repayment term can last anywhere from 12 months, to 5 years.

Business credit cards

Business credit cards are great ways to cover expenses while earning points which can be used for travel or cash back.

Latest Articles

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Let's Get Started

1
Contact Delancey Street To Get Started

Many people contact us to learn more about cash advances. The first thing you'll realize when you contact us is we focus on education. We don't want to give you a loan - we want to give you a financial solution. That means we listen to you, we understand your business issues - and then - after gathering all the facts, we educate you on the various solutions. Once you understand your options, we then make a recommendation on which loan is right for you - and WHY it's right for you.

2
We Send You The Terms

Once we discuss which loan is right for you, we gather the necessary documents from you. Based on this, our analysts determine how much you qualify for - and try to establish fair repayment terms that won't be a burden on your family. Once we establish these terms, we present them to you. If you agree to it, we move to the next part of the process which is getting you funded.

3
We Send You The Funds

Once you send in the necessary documents and all of the paperwork is approved we proceed to wire you the money. Typically, we can wire the money to your business bank account the same day, or the next day.

Merchant Cash Advances

merchant cash advance isn’t a loan. It’s a cash advance we give you based on credit card sales that are deposited in your business merchant account. Business owners can apply for an MCA from Delancey Street and get funding within 24 hours. We deposit the funds directly into your business checking account fast.

Pro’s of merchant cash advances

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

Cash Advances Explained

If you need to raise capital fast for your business, a cash advance is a great idea. It’s a fast way to raise funding. The funds can be used for anything you need. Some businesses use merchant cash advance to pay for bills that past due. Often, business owners turn to mechant cash advances due to a poor month, or because they need quick cash. Regardless of why you need it – there are advantages and disadvantages. After reading this, you should get a better understanding of:

  • What a merchant cash advance is
  • The pro’s and con’s of mca
  • Who a merchant 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

Merchant cash advances aren’t a loan. They are an advance, a payment given against your future income. The merchant cash advance provider is giving you a lump sum, which is then repaid automatically using a percent of merchant account daily proceeds. The % you pay is referred to as the holdback, or retrieval rate. This can be anywhere from 5% to 20%, based on the size of the advance, your credit card sales, and the agreed upon repayment period. Depending on the advance amount, terms for a mca can be as low as 90 days, or as long as 24 months. Repayment begins right after the funds are received.

The amount you borrow is based on your average credit card sales. Most mca providers will look at your receipts over the last 2-6 months in order to determine how much you qualify for. Generally, you can get a cash advance from 50 to 250% of your business’s monthly credit card transactions.

 

Summary
User Rating
5 based on 1 votes
Service Type
Merchant Cash Advance
Provider Name
Delancey Street,
Area
USA
Description
Delancey Street provides Merchant Cash Advance loans nationwide. Contact us for a Merchant Cash Advance when your business needs funding, and you have bad credit, and need help.