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

Idaho Merchant Cash Advance

What You Need to Know About Merchant Capital
The term “merchant capital” is new to some people. If you’re someone who has experience with small business loans, then there’s a chance that you have some knowledge of merchant capital. Whether you’ve heard it called merchant cash advance, cash advance or merchant financing, you may have questions about how it works. In short, merchant capital is money advanced to small business owners for the purpose of financing. Typically, the small business owner pays the advance back through the daily credit and debit card sales of the business.
How Merchant Capital and Traditional Business Loans Differ
The most common way that small business owners obtain funds is through small business loans. There are a wide variety of loan products on the market to meet the varying needs of businesses. A merchant cash advance is different than traditional small business loans because lenders provide a sum of capital in full to the borrower, and the borrower pays the full amount back, along with a fee. Although this might sound like a traditional loan on the surface – it isn’t. Why? Because repayment of the capital is taken directly from the business’s credit card and debit card sales subsequent to funding.
Essentially, when you receive merchant capital, you have agreed to allow the merchant capital provider to deduct a specific percentage of your daily debit and credit card sales automatically. This means that you make less money on each sale until the merchant cash advance is paid in full. With a traditional loan, the payments are not automatic, nor are they taken directly from your sales.
How the Merchant Capital Advance Process Works
One of the best aspects of merchant capital is how fast you can get approved. The first step is to submit an application to the merchant capital provider of your choice. They will respond within a couple of days. After you’ve been approved, you’ll receive the full amount of the capital in your bank account. As aforementioned, collection of the capital is from the daily debit and credit card sales of your business. If you were receiving a traditional loan, you would be responsible for making fixed payments that would either be daily, weekly or monthly, depending on the repayment schedule.
Merchant capital payments will vary because they are based on your daily sales. For example, if you have a slow day, then the amount collected from your debit and credit card sales will be less than if you have a high volume sales day. The good news is that you are not penalized for having a slow sales day, which is not the case for some loan products. A slow sales day for merchant capital simply means you repay less that day.
Timeframe for Repaying a Merchant Capital Advance
It generally takes an average of about 8 to 9 months to repay a merchant cash advance. However, sometimes the timeframe is about half as long, but it can also be twice as long. The determining factor of how long it will take to repay the advance is how much of your credit card sales is taken, which is dictated by the loan agreement. If you want to pay the advance back over a shorter period of time, they you can simply agree to let the merchant capital provider take a higher fixed percentage of your credit card sales. The higher the percentage, the faster you’ll pay back the advance. However, you also have to keep in mind that a higher fixed percentage means that you have less cash flow.
The Cost of a Merchant Capital Advance
The aforementioned fee for a merchant cash advance is determined by a factor rate, which generally ranges from 1.14 to 1.48. This is different than measuring fees in interest rates. If you want to determine the cost of merchant capital in terms of APR, then you should anticipate around 15% to 80% APR, and possibly higher depending on the merchant capital provider.
There’s no doubt that merchant capital can be expensive, but if you are in need to capital and have limited options, it could very well work for you. When searching for merchant capital, be sure to check the APR before you sign off.

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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