North Carolina

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

Cover Expenses

Pay for any unexpected expenses that arise.

Invest in your business

Use the loan to grow your business however you wish.

Payroll

Use the loan to pay your employees.

Liquid

Keep the cash on hand for future expenses.

Equipment

Buy new equipment to grow your business.

Staff

Use the loan to hire new employees.

We Fund Fast

24-48 Hours

Loans up to

$10 Million

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5 Stars

Delancey Street Can Help with North Carolina

We're committed to building relationships and helping people all over the USA get access to the RIGHT loan for them. Regardless

Trusted

We're frequently interviewed by major media organizations.

Easy Application

Our app process is super easy. 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.

Hear from people we’ve helped

“Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.”

- Leena, VP of Sales at Waist Karma

Getting A Merchant Cash Advance In North Carolina
If you own a business and are in need of quick money in order to make inventory purchases or pay off a debt, one of the best ways for you to go about doing this is by getting a merchant cash advance. In North Carolina, you can use the services of fundera.com in order to do this easily. They have an online application process that takes just minutes to complete and you can have your cash as soon as you need it.

What Is A Merchant Cash Advance?

Merchant cash advances have been around for several years and many small business owners have used them in order to keep their companies afloat. A cash advance is not a loan as you might receive from a lending institute but rather is an advance on your credit card sales. When you apply for a merchant cash advance, once you are approved, the company will take a certain percentage of your credit card sales in order to repay the advance. You will need to show proof of your past credit card sales as one of the requirements of the application as well as bank statements. The company will also charge a small processing fee for the advance that will also be taken out of your future sales.

Why Take A Cash Advance Over A Loan?

A merchant cash advance can be processed and completed within a short period of time so that you can have the cash you need right away, while traditional loans may take weeks to complete. Repayment of the advance is made automatically with each credit card transaction you complete so that there is no monthly payment that you need to make. They are often paid back quicker than typical loans. Many small businesses with less than perfect credit scores will most likely be approved for a cash advance since the process for approval includes your business credit card transactions. If you own a business that conducts most of its transactions via credit card, such as a restaurant or online retail store, you are most likely to be approved.

Is Taking A Cash Advance Worth It?

While taking a cash advance may seem to be a quick and easy way for you to get money you need right away, there are several things you should consider before you apply for one. The fees that are associated with this type of advance can be higher than a traditional loan. However, many business owners feel that the ease with which you can repay it, is worth the extra fees. Since money is deducted with each credit card transaction, you will not be receiving the full amount of each sale that you make. The loss of this cash can be hard if you depend on each sale to run your business. On the plus side, though, a cash advance can give you money you need in a much shorter time than a loan. The repayment of a cash advance will typically take less than a year, depending on your business sales, whereas, a loan has a set term and repayment options. Another consideration is whether your business has stellar credit or not. If you would not typically qualify for a loan from a lending institute, you may be able to get a cash advance easily.

Very often, business owners find themselves in a financial bind and are not sure how they can go about purchasing new materials or adding much needed equipment to their work places. They may not be qualified for traditional loans and don’t know where they can get fast cash. Merchant cash advances may be the answer to their needs. Even though they may pay higher fees and not have as much cash with each credit card receipt, they will find that the ability to acquire cash quickly outweighs these negatives. If you are not sure if you will qualify for a cash advance, look at the website for fundera. You will find all of the information you need to get started on this website. The instructions that are included are easy to follow and will walk you through the entire process of applying for a cash advance. You may find that this is the best option for your business.