Footwear Merchant Cash Advance Loans

We provide business owners all over the USA with merchant cash advances. Our goal is to give you the BEST rates possible. Not only do we give you our rate, we'll give you the best rate from our competitors as well - so you know you're getting the best merchant cash advance rates. We empower business owners, and take risks on go-getters. At Delancey Street, we invest in people - and their potential. We look at your business, and look past the bank statements and cash flow situation you have - we look at your passion, and your potential.

If your entrepreneurial dreams are being dowsed by lack of funding, turn to Merchant Cash Advances or MCAs today. Whether you have little or no credit, that fact doesn’t hold you back. Bad credit is even welcome when you have a goal and spirited company ready to take on the world. Learn more about MCAs so that you can get the financial backing needed for that next step.

MCA Basics

Running a business is tough. There might be good and bad days. Those bad days can turn into months in the red. MCAs give you a chance to keep up on bills and payroll until a lucrative month arrives.

An MCA is a cash advance on your prospective sales. The advance is based on your credit-card sales for the past two to six months. The MCA bases an advance off of those numbers, you accept the contract and money enters your checking account in as little as 24 hours.

Pay back the advance with a percentage of your upcoming sales. You’re able to keep up with the payback option because it’s based on your sales amounts. Slow months mean that you pay less.

Benefiting From MCAs

Receiving your money at a rapid pace is the main perk of MCAs, but that’s not the only reason. There are no long applications and extended interviews. Your credit score and history don’t matter. What truly matters is the recent history in your credit-card sales.

Apply online in a matter of minutes. The forms are simple to understand. Business people can fill out the application and move on with their day. Don’t worry about collateral either. There’s no need to put up collateral because a cash advance isn’t a loan. Your signed contract is all that’s necessary to start the funding process.

Potential Candidates

Who should look toward an MCA for their funding? There’s quite a few businesses that can qualify for the funding. Consider your standing in a given industry. You might have months and months of huge, credit-card sales. However, your stability according to traditional banks is shaky. An MCA gives you the influx of funds that are necessary to keep the business going until a rough patch subsides.

Restaurants and retail stores are typical candidates when it comes to MCA payouts. You have a history with credit cards, but not necessarily with stellar credit scores. Pay your employees and build your profits this month so that you don’t have to borrow funds anymore in the future.

Knowing About Factor Rates

Be aware of how MCAs operate when it comes to paying back the amount. The provider must make some money on the funds. Instead of using a percentage rate, such as those used by credit cards, MCAs employ factor rates. The values that you see are factors that might range between 1.1 and 1.5.

Businesses tend to get confused when it comes to factor rates versus interest rates. If you borrow $25,000 with a factor rate of 1.2, the final payoff for the MCA is $30,000. Comparing this rate to an interest rate gives you an expensive amount to pay off with the MCA. However, its convenience often overshadows the extra cost.

Looking at Alternatives

If you’re concerned about the high cost of MCAs, try a different approach. Several other products might interest you, including:

• Term loans

• Business credit cards

Apply for a term loan that might be unsecured or secured. The funding will take longer than an MCA, but it has a lower rate at the end of the term.

Credit cards will have interest rates in the teens or 20s, but strong sales can help you pay back the funds. Simply shop around for the best card for your financial situation.

Speak with the industry experts today at 1-855-669-0234. Delancey Street prides ourselves on quick and reliable services. Fulfill your dreams today with funding that can be paid back on your terms.

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  • 2 We'll evaluate it
  • 3 We'll offer our terms

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