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

New Mexico Merchant Cash Advance

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A merchant cash advance is a facility where a financing company advances a business cash, almost like a loan. However, unlike a loan, you give the company a percentage of your daily debit and credit card sales, plus a small fee. For people with a poor credit score, this is a great way to get business financing quickly and without having to provide collateral. This facility, as with any other credit facilities has the following advantages and disadvantages.
Pros
1. You can access funds quickly; this can take under two days and same day approval is not uncommon.
2. They have an easy approval process that does not bury you in processes and paperwork.
3. Bad credit is accepted, meaning that people with bad credit scores are still eligible to apply and get funds.
4. Because of its ease and amounts, this facility is suitable for a wide range of business needs.
5. You do not have to put up collateral which is advantageous to people with none; people with joint or shared assets and to people who do not want to put their assets as security for a loan.
6. You repay lesser amounts in slower weeks, unlike for a typical loan where you have to make stipulated payments or pay penalties.
Cons
1. As with loans that do not require collateral or good credit scores, this facility charges higher fees. The high fees are put in place because such borrowers are considered to be risky.
2. When you want to change service merchants, the process is not flexible.
3. For a business, the daily deduction of credit card receipts reduces the business’ cash flow.
Who Can Qualify For A MCA?
As with most facilities, there are qualifying factors that you must meet to be considered for this facility. While low credit score, lack of collateral and limited business histories can lock you out most credit facilities, not so with an MCA.
Merchant Cash Advance providers are less stringent, making it easier for most businesses to qualify. However, looking at statistics of most clients whose loans were approved, the following stand out:
 Most approved businesses had over $180,000 in revenue.
 A credit score of 550.
 Businesses that had operated for at least two years.
As long as your business enjoys a significant amount of credit card payments, you can easily apply and be approved for this financing option. This money can be used for business expenses such as:
• Purchasing inventory.
• Working capital.
• To settle business debt.
• To sort out unexpected and emergency business payments.
The Application Process
MCA applications are almost always online and have high turnaround time as well. For most applications, there is a high likelihood of your loan being approved on the same day you make an application.
Here are the documents will need for your application:
 A copy of driver’s license.
 A voided business check.
 A bank statement and credit score report.
 Credit card processing statements.Because payment is dependent on credit care payment volumes, companies will evaluate your credit card statements. This is to ascertain that you have enough volumes to support your cash request.
 Business tax return records.
What Is The Real Cost Of An MCA?
Note, however, that fast loan disbursements are expensive. MCA’s fit into the rule. While its application is fast and easy, an MCA comes with some of the highest costs among facilities in the market.
With this in mind, be sure that you are able to repay quickly without further reducing your cash flow to the point of crippling your business. It is also advisable to shop around for other types of loans before settling on an MCA. In short, this should be a last resort option.
Loan Term
An MCA has a repayment duration of 8 to 9 months. Depending on your business, you can take a loan with a 4 to 18-month repayment duration. You can also opt to pay a higher percentage of your credit card payments. This will clear the loan sooner, but will leave you with more severe cash flow deficits.
Be conscious of this when settling on a repayment duration and payment plan. If you go too high, you might be unable to run normal business operations leaving your business in even more financial trouble.
It is important to evaluate and to do a thorough cost-benefit analysis before applying for a Merchant Cash Advance. Because it’s an expensive facility, only take it out if it’s your business’s lifeline, you can make payments quickly without affecting operations and you have unsuccessfully exhausted other cheaper options.

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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