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

Bronx Merchant Cash Advance

As an entrepreneur, you need capital now. A merchant cash advance is a quick source of capital for your business. It is different than a loan because it is based entirely on your credit card history. You only pay back a percentage of your sales as you earn them.

How Does It Work?
This funding technique works best for companies that gain revenue from credit card and debit card sales. Because of this, they are often used by retail centers and restaurants. It is not a loan because it is merely pre-paying you for your future sales. You get an upfront, lump sum determined by what you will make in the future.
After getting the advance, you have to pay back a percentage of what you make in credit card transactions. Known as the retrieval rate, this percentage is generally 5 to 20 percent of the sales. You never have to make a fixed payment each month. Instead, you pay back a percentage until the advance is totally paid off.
The fees are set according to your ability to pay back the merchant. The factor rate is typically around 1.2 to 1.5 according to your company’s risk. A higher factor rate means you pay higher fees. An advance of $50,000 with a factor rate of 1.4 would cost $70,000 to pay back.

Payments Are Determined According to Your Sales
With a term loan, you have to set aside a fixed payment each month. A merchant cash advance is different. The business pays a percentage of the credit card sales they bring in each month. The provider automatically deducts this percentage from your sales until the advance is paid back. The repayment period can take from 90 days to 24 months depending on how much you borrow and how much you sell.

The Advantages
This funding technique works well if you are pressed for cash. A loan can take days or weeks to apply for. Even when you have turned in all the paperwork, it can take even more time to approve the loan and get you the money. A merchant cash advance is much faster. You get approved within the first day. Then, you get the money within just two days or less.
With a merchant cash advance, you never need to have collateral. The funding is set according to your sales. You do not have to risk your assets as collateral or use personal assets for your business. You can also get this funding if you have poor credit. The main thing that matters is your sales history.

Why Do People Choose a Merchant Cash Advance?
Many people choose this funding option because they are fast. You do not have to do in-depth, onerous paperwork. Since a merchant cash advance is unsecured, you do not have to use collateral. This means that you will not lose your home if you cannot pay it back. When your sales are down, you do not have to pay back a high fixed payment. You only pay back a percent instead of a set amount.

Like any type of loan or advance, there are drawbacks to this kind of funding. The contracts can be confusing, so it is important to go for a provider you trust and who has a straightforward process. Depending on how long you take to pay back the money, your functional APR could be much higher than a normal bank loan. If your sales drop, it will take you longer to pay back the money. No matter how long it takes you to repay the money, the amount you pay is still the same because the advance uses a factor rate instead of an APR.

Before you get an advance, do your research. Make sure that you will be able to comfortably repay the money. You also want to read through the contract and check the factor rate to see if you are getting a good deal. If the numbers work out, then this could be a good choice for your business.

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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