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 miami

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A merchant cash advance (MCA) cannot be termed as a loan. Instead, it is a cash advance based on the credit card sales deposited in the merchant account of a business. Once a company applies for an MCA, and it gets approved, the money is deposited into a business checking account within 24 hours or less. When compared to other lenders, providers of MCA evaluate the risks differently. For them to determine if a business can repay the cash on time, they look at the credit card receipts. However, the rates involved in an MCA are higher. If you are the business owner, take your time and evaluate if an MCA will meet all your needs.

Holdback
The percentages of daily credit card sales that apply to your company’s advance from the holdback amount. In most cases, the holdback percentage is between 10 and 20 percent. However, the percentage remains fixed up until your business manages to repay the advance. For your business to manage to repay the advance fast, the number of credit card transactions needs to be high. In case the transactions of a particular day are lower than expected, the draw from the merchant account lowers. In simpler terms, the payback depends on the incoming credit card receipts.
Difference between the Holdback Amount and Interest Rate
Many companies that provide MCA charge a factor rate. Unlike the loans from banks and other providers, the rate does not amortize during the period of the advance. Depending on the provider, an MCA should be about double or triple digits.

Does your Business need a Merchant Cash Advance?
If your business needs cash to urgently carry out a project, an MCA makes much more sense. However, before taking the merchant cash advance, ensure that the business can manage to cover all the costs involved. It is important to note that since an MCA is not a loan; the providers do not report the payment history of your company to credit bureaus. Therefore, your business credit profile does not gain any strength. All businesses are advised to understand all the terms and conditions of an MCA before committing. Some big businesses have been able to acquire capital to make improvements successfully. The good thing about an MCA is that the criteria of qualifying are less stressing than the other conventional loan providers.

Alternatives to Merchant Cash Advance
There are some other alternatives that businesses can consider if they feel like an MCA might be strenuous. As the business owner, you should be in a better position to know whether or not your business will manage to repay the MCA on time. In case you opt to request for a merchant cash advance to carry out a project, ensure that it will generate income by the time you need to start repaying.
Another option small businesses can opt for is short-term loans. For a business to acquire a loan, the credit profile has to be strong. Failure to provide a strong credit profile may lead to the business being denied a loan. Starting a business is an affair that consumes a lot of cash. Most businesses manage to set up, but end up being short of cash to restock. If you suspect that your business might find itself in such a situation, it is your responsibility to ensure that the credit score is perfect.

A short-term loan is good for a small business because payments are requested either weekly or daily. Therefore, it is easier for the business owner to plan for the small payments instead of having to pay a tremendous amount of money at the end of each month. On the other hand, financial institutions that give out short-term loans report your credit history to business credit bureaus. Therefore, you may take that opportunity to always repay on time so as to strengthen the credit profile of 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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Delancey Street understands funding like no one else!
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