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

ach withholding

ACH Withholding
ACH, which stands for automatic clearing house, withholding is another method that is used. In the ACH withholding option, the credit card sales information is shared with the provider and then the provider wires out the agreed upon percentage from the pressure washer’s checking account.

Overall, the Split Withholding is the most widely used and popular option. It keeps the repayments going in real-time and it doesn’t require a delay.

The real-time nature of it obviously benefits the cash advance provider, but it’s also good for the business as well. In this option, the business owner never sees the cash in any of his accounts which makes it seem like he never had it to begin with.

This new form of financing is a great way for businesses to get short term cash for their needs. It’s quick and easy to setup.

The growth and sustenance of a small business depends on the cash flow and starting capital. Therefore, a cash advance provides some money in advance against the basis of credit card sales which shall undergo processing in the future. It’s not a loan, however, the merchant providing the money shall assess the number of credit card sales you have had in the past and process the sum they give you as an advance on those sales.

The lump sum amount is automatically repaid daily, and a certain percentage is charged denoted as `Holdback.’ This amount is dependent on the period of repayment, the amount of credit card sales, the magnitude of your advance and the size of the business. Usually, the repayment period spans over a certain period, and they begin as soon as the money is received.

Merchant cash advance are not suitable for every caliber of a business. Although they are most appropriate for the business that requires quick access to cash and has solid credit card transactions history. Henceforth, they are a seemly fit for a new company that has streamlined cash flow such as restaurants that have not been in operation for long periods, but have a stable income.

Nevertheless, a merchant cash advance is not considered as a loan because it’s not assigned a termly percentage rate, instead the business proprietors pay a `factor rate’ agreed upon on collection of the funds usually ranging between 1.1 and 1.5 expressed in decimals. This makes the merchant cash advance look appealing. However, it’s important that you consult a financial advisor to assist you in understanding the often misinterpreted factor rate. The keynote is to negotiate a lower holdback amount that will be sustainable in the long run at the end of the year be able to balance the annual percentage rate.

 

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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If you have questions, feel free to shoot us an email, or fill out our live chat.

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