DELANCEY STREET

Here's Who We Are

We're Fund Virtually Everything

We fund business owners nationwide, regardless of industry, credit, or time in business. We fund it all.

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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 Business Loans Funded

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

merchant cash advance in oregon

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When business loans or other more traditional business financing is not available, you might consider a merchant cash advance, or MCA. If you are considering this route, you should understand how it works, when these are used, what they cost and the reasons for the costs.

How Does a Merchant Cash Advance Work?

In a merchant cash advance, the financing entity or lender furnishes the business money. In exchange, the business allows the lender to take a percentage of the credit card sales as payment until the entire debt is repaid.
The mechanism for repayment comes through a “holdback.” In this method, a certain percentage of the credit card sales is retained to pay on the loan rather than being applied to other expenses of the business or retained as profits. This can range generally between ten percent and 20 percent of the credit sales.
As such, level of sales from credit cards determines how quickly you repay a merchant cash advance.
When considering an MCA, you need to be aware of changes in the economy or in the area where you conduct business. These occurrences may lessen anticipated sales. They might include plant closures that cost jobs, suppress use of credit cards for items not considered essential like a restaurant visit, and less customers. Inclement winter weather or hurricanes can close businesses such as restaurants or gas stations that rely heavily upon in person patronage.

For Whom is a Merchant Cash Advance Best Suited?

Since an MCA relies upon credit card sales for payments, these financing arrangements typically work best for businesses with high volumes of credit card sales. Thus, you may be a good candidate for an MCA if you own or operate a restaurant, convenience store, gas station (especially one with pay-at-the-pump capability) and other merchandise stores.
The quick turn around in approval of MCA requests make this approach appealing if you need funding fairly quickly. For example, you might need a quick infusion of cash to purchase inventory that has been depleted quicker than expected or to meet a higher than anticipated demand. A situation calling for sudden repairs or to finish the preparation for an opening may also call for this sort of financing. MCAs may prove handy when a can’t-pass opportunity presents itself and funding through a traditional loan takes too long to process.
MCAs often assist businesses that have difficulty obtaining traditional bank financing. If you are an infant business or if previous difficulties have lowered your business credit score, the MCA affords an alternative for you without having to meet more stringent credit requirements.

What Does an MCA Cost?

Overall, MCAS typically cost more than bank loans. This is because the security for an MCA loan is not physical assets such as equipment or land, but our sales. As such, the higher cost of an MCA takes into account the uncertainty of future sales and the potential for volatility in the local or national economy or in a particular industry or business.
Speaking of cost, MCAS are priced based upon a factor rate. It reflects the future value of the revenues to be used to pay back the advance. Unlike a traditional loan, an MCA does not come with and amortization schedule where You Are ultimately paying down principle based upon a set monthly payment.

Should You Consider an MCA?

Even in situations where you need cash quickly or can’t qualify for more traditional financing, you may not have to see MCA as a last or only resort. These loans come with relatively high costs. With credit card receipts being the basis for payments, you may have very few options if the sales do not accumulate as needed or as you hope.
You might find as alternatives short-term loans, which often lasts a few months. This can bridge you through a period in which you need cash fairly quickly, but you’re not having to rely upon credit card sales. Also when you get a loan, even if short, you are building your business’ credit rating and score with making payments. MCAS, because they’re not loans, do not offer this feature.
Ultimately, whether you choose in MCA were some other approach will depend upon your need for cash to seize upon an opportunity and the prospects that you will have sufficient sales to pay for an MCA.

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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