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

are merchant cash advances a good idea

Merchant Cash Advances – How They Work
A merchant cash advance (MCA) is a financial option for businesses that require immediate cash. An attractive feature of an MCA is the advance can be obtained quickly without the hassles of traditional bank loans. It isn’t uncommon for MCA providers to deposit cash advances into a merchant’s bank account within 24 hours of approval.
A merchant cash advance is a short-term solution that’s available to companies that generate revenue from debit and credit card transactions. MCAs provide merchants with the ability get approved for an advance on the basis of their credit card receipts.
Here’s how a typical MCA process works. Complete an application and provide proof of your daily credit card receipt transactions. A merchant cash advance provider will review your application and analyze the credit card receipts from your previous sales.
Based on this data, the MCA provider may offer your company a cash advance. You’ll repay the advance with the proceeds from your future sales receipts.
If you agree to the merchant cash advance, you’ll sign the agreement, receive a cash deposit into your business bank account and repay the MCA according to the terms. You should know that merchant cash advances aren’t cheap. You’ll be required to repay the principal amount of the advance, holdback amounts and factor rates.
What Is a Merchant Cash Advance Holdback?
With a merchant cash advance agreement, your payments will be automatically deducted from your daily credit card receipts. This is known as a merchant cash advance holdback.
The amount of money that is deducted from your future credit card receipts depends on the holdback percentage. With a typical holdback charge, you can expect to pay as little as 10 percent or as much as 20 percent per transaction. The actual amount depends on the terms of your agreement with your MCA provider.
The following example will help you understand how holdback charges are assessed in MCA agreements. You operate a high-volume deli that generated $20,000 in credit card transactions on Sunday. Your MCA provider assesses a holdback percentage of 20 percent a day. Based on the credit card receipts, the holdback is $4,000 for Sunday.
The entire amount of the holdback will be applied to your merchant cash advance balance. If your company receives a great deal of its revenue from credit card payments, the loan can be repaid quickly.
Requiring holdbacks offers a guaranteed way for merchant cash advance providers to receive cash advance payments quickly. A holdback reduces the need for providers to require collateral for merchant cash advances.
The Difference Between a Factor Rate and a Holdback
The factor rate is the percentage that a merchant cash advance provider charges for the advance. In conjunction with holdbacks, a factor rate will be assessed on your MCA. Factor rate percentages can range from double to triple digits. This rate causes a merchant cash advance to be an expensive source of cash.
When merchant cash advances include factor rates and holdbacks, the repayment amount can be as much as 40 percent of the amount of your advance. At that rate, you’ll pay as much as $4,000 for a cash advance of $10,000.
Is a Merchant Cash Advance Right for Your Business?
Although MCAs offer a quick way to get money, you should carefully weigh the pros and cons before you sign a contract. Taking this action will help you make a wise choice.
Take a moment to think about the reason you need the money. Do you need access to cash for a short period of time? If so, an MCA may work for your business. If your financial need is due to revenue problems, it might be wise to consider other types of business loans.

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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Delancey Street understands funding like no one else!
Steven Norris
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