New Jersey Merchant Cash Advance Company

Small business owners can use loans to grow their business. You can use the funds however you wish.

1

Cover Expenses

Pay for any unexpected expenses that arise using our business loans.

2

Invest in your business

Use the business loan to grow your business however you wish.

3

Liquid

Keep the cash on hand for future expenses.

4

Payroll

Use the business loan to pay your employees.

5

Equipment

Buy new equipment to grow your business.

6

Staff

Use the business loan to hire new employees.

We Fund Fast

24-48Hrs

Loans up to

$ 10 Million

Google Rating

5 Stars

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Delancey Street Can Help
with Small Business Loans

We're committed to building relationships and helping people all over the USA get access to the RIGHT loan for them. Regardless of your credit, or the riskiness of your industry.

Trusted

We're frequently interviewed by major media organizations.

Easy Application

All it takes is one application, and we handle the rest for you.

Service

Service is key. You can ask for advice on ANYTHING and we'll bend over to help.

Experts

Many of our team members are former business owners, and understand your challenges.

Customized

We customize each loan for you, and to your unique specs. Everything is customized.

Universal

We help virtually any industry, any business, anywhere in the USA. It doesn't matter.

Nationwide

We fund business loans nationwide. It doesn't matter where you are, we can help you.

Honesty

This is crucial, and critical. We are 100% honest with our clients, and never strive for less.

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

We’re here to answer your
questions. Contact us anytime:

Minimum Qualifications Requirements

Delancey Street’s team consists of former business owners, and entrepreneurs. We understand your business has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Business Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification 3 months in business minimum. Credit isn't a huge issue.
Maximum Loan Amount $5 Million
Loan Terms 6-24 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get funding today

  • Apply today and we'll tell you what you qualify for
  • No obligation and no effect on your credit score
Get pre-qualified today

New Jersey Merchant Cash Advance Company

New Jersey Merchant Cash Advances

Most businesses often fall into cash flow problems because they need to pay bills on time even when their clients have not paid on time. As such, most of the businesses affected by cash flow problems offer credit to their clients. The business may have successful sales, but the customer does not pay immediately. This forces the firm to look for sources of cash to pay current bills as they wait on their customers to pay. Many financing options are available to such companies with the common ones being bank loans, overdrafts, business credit cards, and merchant cash advances.
For the sake of this article, we are going to focus on merchant cash advances. A merchant cash advance is a loan that is usually available to a business that sells to its clients using credit cards. A merchant cash advance, therefore, can be defined as a cash advance given to the firm based on its credit card sales.
The merchant pays a percentage to the lender from the daily proceeds of the merchant accounts. What are the benefits of merchant cash advances?
1. Easy application process
The application process for a merchant cash advance is straightforward. The lender first evaluates the borrower’s credit sales report of the last few months, usually two to six months. The average monthly credit card sales are then used to determine how much the business qualifies for. The process can also be done online by applying online and uploading the necessary documents.
2. Fast turnaround time
One of the critical benefits of MCA is the quick turnaround time. The approval process is usually fast because the lender only considers the average monthly credit card sales amongst a few other details. MCA are typically processed within a few hours and the money deposited as soon as the approval process is over.
3. The credit score isn’t factored
Because these loans are based on average monthly credit sales, the borrower’s credit score is not considered. This helps many businesses with low credit score secure loans that they could not have accessed traditionally.
4. No collateral
In merchant cash advances, there is no requirement for a guarantee. This enables many businesses without collateral and assets to obtain financing.
5. Flexible payment
The amount payable each month depends on credit card sales. This helps the business because the amount repayable is only a fraction of the monthly sales and not a fixed amount.
6. High limits
MCA usually offers clients more than they can qualify for in a traditional loan setting. This helps the business to access more finances.
Who can qualify for a merchant cash advance?
Usually, most business can qualify for these types of loans as long as they have credit cards sales and have been in business for a reasonable amount of time. MCA is usually good for new businesses that do not have a good credit history and can’t qualify for traditional loan programs.
Factor rates
MCA does not attract APR; instead, their interest is known as a factor rate. The rate is a decimal figure that represents what the business will repay the lender. Most common factor rates range from 1.1 to 1.5. To get the amount which will be repaid, you multiply the factor rate with the money borrowed.
The factor rates should not be confused with interest rates because they are very different. Factor rates may seem low, but they are usually very high when you compare them with prevailing market interest rates.
What are the available alternatives to merchant cash advances?
A business that does not want to acquire a MCA but still is looking for financing option can explore other avenues. These avenues include business credit cards and term loans among others.
A holdback
A holdback is a fixed percentage of the daily credit card sales that a MCA holder remits. These monies are used to repay the loan and range from 5 to 20 percent of the daily sales. The difference between a factor rate and a holdback is that the factor rate is the interest rate while a holdback is the percentage of daily sales repayable to the lender.
Although they are expensive, merchant cash advances are good for businesses that need fast cash and cannot access other forms of lending.

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