How you can use a small business loan

Small business owners can use loans to grow their business. You can use the funds however you wish.

Cover Expenses

Pay for any unexpected expenses that arise.

Invest in your business

Use the loan to grow your business however you wish.

Payroll

Use the loan to pay your employees.

Liquid

Keep the cash on hand for future expenses.

Equipment

Buy new equipment to grow your business.

Staff

Use the loan to hire new employees.

We Fund Fast

24-48 Hours

Loans up to

$10 Million

Google Rating

5 Stars

Delancey Street Can Help

We're committed to building relationships and helping people all over the USA get access to the RIGHT loan for them. Regardless

Trusted

We're frequently interviewed by major media organizations.

Easy Application

Our app process is super easy. 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.

Hear from people we’ve helped

“Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.”

- Leena, VP of Sales at Waist Karma

Get the money you need quickly for your business in Los Angeles or Southern California through a merchant cash advance from Delancy Street. We are a national company that can provide Southern California companies with a variety of solutions to help them get the cash flow that they need to operate efficiently and grow their businesses.

What is a Merchant Cash Advance?

It isn’t a loan, rather, it’s an advance on your receipts that you will typically get over a specified period in the future. Merchant cash advances, commonly called MCAs have historically been used by businesses whose revenue comes primarily from credit or debit card sales. However, Delancy has made this financing instrument available to many other types of operations, giving business owners an upfront sum of cash in exchange for a percentage of your future sales. The advance is paid into your business checking account, typically within 24 hours after you are approved for this financing.

Under the terms of the MCA, Delancy gives you a lump sum of money that can be repaid daily or weekly over a specified period of time. We will also automatically deduct a percentage of your proceeds, which is called the holdback or retrieval rate that ranges from five percent to 20 percent. This percentage is based on several factors including the amount that you borrow, your sales and period of time you require to repay the proceeds. Our repayment terms range from 30 days to two years.

Delancy is able to provide customers with MCAs that range from 50 percent to 150 percent of their monthly sales. If you borrow and repay the money back on time, it’s possible that you can get even more in the future. Your credit score is irrelevant. We look at your business revenue stream to determine the amount of your cash advance, so if you have a poor credit score, it never even plays into the equation.

Benefits of an MCA

Getting an MCA will provide your business with a number of decided advantages. These include:

  • An uncomplicated application and approval process
  • Funds deposited into your business checking account in 24 to 48 hours
  • Flexibility that considers credit/debit card transactions and checks
  • Credit score doesn’t matter
  • No collateral needed
  • High limits that allow you to get the money you need when you need it

Qualifying for an MCA

The application process is simple. Our loan officers will ask you questions about your business such as how well it is performing, what your typical monthly revenue is, how profitable your operations are and how long you expect it will take to repay the advance. Once Delancey has this information, we will offer you an advance amount and a payment schedule that fits your needs.

We will also ask for a copy of your driver’s license to make sure that you are you, a voided check, bank statements and proof that you actually own the company. Once we have this information in hand we can issue advances that typically range from $10,000 to $5 million at interest rates starting at 1.09 percent based on your risk assessment. There is no penalty for prepayment, so if you have the ability to pay back the advance before the end of your term, you can do so. It’s that simple.

Contact Delancy Street today to get the financing you need for tomorrow and beyond.