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

Michigan Merchant Cash Advance

Business owners looking for financial capital can turn to a merchant cash advance when other lending options do not work. As a business owner, you already know that you must spend money to make money, but what happens when a lender will not lend you the money necessary to grow your business? For example, let’s say you own a restaurant and you are in need of commercial grade appliances for your kitchen or you cannot grow. You can’t cook for dozens of people at a time without the right appliances, but you have to have the financial means to pay for those items.

When a traditional lender denies a loan and raising capital isn’t working for you, you might feel as if you have no hope for your business. Fortunately, a merchant cash advance might be the financial solution you’re looking for. This is a perfect solution for anyone who doesn’t have enough collateral for a traditional loan, who doesn’t have a business credit history, or who doesn’t have a good enough credit score to qualify for a small business loan. Here’s what you need to know about a merchant cash advance.

Who Should Use a Merchant Cash Advance?
A merchant cash advance is best for those who haven’t the ability to secure a business loan through a traditional lender. This includes anyone without a business credit history, a poor credit history either personally or professionally, or someone who only recently opened their business. If you can secure a loan through a traditional lender, it’s better to do that.

How Does a Merchant Cash Advance Work?
It is a simple process. A merchant cash advance is not for any business that works without credit card sales. This is because the repayments you make occur every day through a percentage of your credit card sales. Your lender is going to take their repayment from you every day through an ACH withdrawal process. The amount you repay each day is based on the number and amount of credit card sales you make that day. The percentage you agree to with your lender is then removed automatically from your bank account every day to help repay your loan.

If you qualify for this type of cash advance, you will repay in this manner until you are done repaying your loan. It’s a fast process, however. You can apply for a merchant cash advance one day, and your funding is in your bank account in only a day or two without nearly as much paperwork or as many lending requirements as a traditional loan. It’s important you realize that the rates you pay are expensive with a merchant cash advance.

This is what happens when you want quick funding or don’t have the credit to apply for a traditional loan. You pay for the convenience and the approval with a high factor rate. This rate is anywhere from 1.14 to 1.48 for most borrowers. When comparing this to an annual percentage rate, it starts at 15 percent and grows from there. It’s an expensive form of borrowing.
The length of time it takes to repay a business cash advance depends entirely on your business, your revenue, and what you borrow. Most businesses are able to pay off their balance in as few as four months, but it might take you as many as nine months to pay off the balance of your loan.

Applying For A Merchant Cash Advance
It’s easy to apply for this type of funding. You need to find a lender who will work with you, and then you provide the correct documentation.
– Driver’s license
– Credit card statements
– Business check that’s been voided
– Business taxes
– Credit scores – business and personal
– Bank statements both personal and business related

Once you turn these documents into the lender, they go over what you provided and get back to you with a decision. It might take a day or two for you to get your funding, but it’s much faster than going through a traditional lender and waiting weeks for approval and financing.

If you cannot secure capital to make your business grow in a traditional manner, a merchant cash advance might be the best solution. Make sure you can repay this loan in a timely manner, and make sure your business plan is a good one. This is your opportunity to take your business and make it grow significantly.

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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