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

merchant cash advance companies what is it

Small business owners seem to have so much working against them as they get their business off the ground. You need money to make money. You can’t secure funding for your business without significant savings, an immediate profit, or without investors willing to provide you with more funding when it’s necessary. You can’t apply for a small business loan without meeting specific requirements, and most small business owners with a young business do not meet those qualifications. What happens when you need funding for your small business, and you have no way to secure it?

Small Business Loans

Small business loans are the go-to method of funding a small business, but these loans are not readily available to small business owners who don’t meet very specific requirements. Your business needs a great credit score, which takes time to build. You need a good personal credit score to qualify for a business loan. Your business won’t meet the requirements if it’s not already established. You can’t have a small business loan without a detailed business plan, and it must then be approved by a lender. They must see that your plan is detailed down to every last dollar they are lending you, and they must be able to see how your plans for their money will guarantee your business generates more income to repay them with. It’s a lengthy process, and it can take you months of business proposals, paperwork, and application work to either secure a small business loan or find out you’ve been denied the loan you need.

The Alternative to a Small Business Loan

If you don’t qualify for a small business loan or have the time to wait for one to be funded, what do you do? You have one option. You can apply for a merchant cash advance. It’s not a loan, but it is funding you can use to help your business grow or to replace, repair, or purchase new items to help your business succeed. A merchant cash advance works simply, and you only need the following to apply.

– Bank statements
– List of credit and debit card sales
– Voided business check
– Credit score
– Business tax return
– Driver’s license

Once you submit this information, you wait just a few days for funding. A merchant cash advance is typically funded in just a few days. You have cash in hand to make repairs or purchases before the week is over.

Repayment options are vastly different for a merchant cash advance than a traditional loan. A traditional loan is repaid monthly in one set payment amount. You can pay more than the payment to help lower the amount of principal you owe, which allows you to repay the loan faster and for much less. A merchant cash advance is not repaid using a monthly payment.

Merchant cash advance lenders require you to pay them a portion of your everyday credit and debit card sales. The amount of each payment you make depends on the amount of money you make that day through your card sales. The payment is higher if you have a more profitable sales day, and it’s lower when your sales are down for the day. This makes the repayment terms a little difficult to pinpoint. Most people are able to repay their cash advance in less than a year. It depends on how well your sales do any given day.

Interest Rates

The one thing you should be aware of before you choose a merchant cash advance is the overall cost of the loan. The interest rate you pay is not small. A traditional small business loan is more affordable than a merchant cash advance, which can reach into the triple digits. Your credit score is not as important to a merchant cash advance lender as is it a bank or other financial institution, but it can make your rate so high you cannot afford to repay your loan and still make money as a business. Keep that in mind before you apply for a merchant cash advance.

A merchant cash advance is a great alternative for business owners who are unable to qualify for a traditional business loan. If you cannot secure a loan through a lender with a low rate, this might be the money you need to make your business grow. However, there is a time for some business owners when you realize it’s just not affordable enough. This is when you have to sit back and wonder if there is a way you can raise money in another manner. If you can afford the repayments and you need fast cash, a merchant cash advance is what you need.

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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Ready To Get Started?

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

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