North Dakota

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

Google Rating

5 Stars

Delancey Street Can Help with North Dakota

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

Do you own a small business? Do you have the desire to grow your business? Growing means becoming more profitable, but it also requires you to take a chance now and then. One of those chances is financial. You must spend money to make money, but what happens when you don’t have the money to spend? You can apply for a small business loan to help you get started, but you might not have the time to wait for that kind of funding. You might also not have the ability to get a small business loan if you don’t meet strict requirements.

A small business loan through a lender requires weeks of waiting, weeks of paperwork, and funding is not available right away. Sometimes, business owners go through the entire application process only to find out they were denied a loan and wasted weeks of valuable time hoping for the funding they need to expand. A North Dakota merchant cash advance is a great way to secure funds when you don’t have the time or you don’t meet the requirements for a business loan.

How Does it Work?

A merchant cash advance is not so much a loan as it is a cash advance. You can have the money you need right now, but you must pay it back over time. The caveat is that you don’t have the same amount of time to pay back the cash advance as you do a loan. You don’t have years. You have months. Most people are able to pay back their cash advance within four to nine months of receiving their funding, which is what makes this process easy.

Additionally, funding is available right away. There is no long application process. The process is simple and streamlined, and you can have your cash on hand in a matter of days. The application process is simple, too. You need only turn in the following documents.

– Business taxes
– Driver’s license
– Bank statement
– Credit card statement
– Credit score
– Voided business check

Once you are approved for the loan, the cash is deposited right into your bank account. This gives you the power to spend right away and not worry about wasting more time.

Once you decide a merchant cash advance is a way to go, you must understand how repayment differs from a traditional loan. A traditional loan requires a monthly payment broken down into a specific number of years and calculated using an interest rate. Lower rates are given to the least risky borrowers in the eyes of the lender.

Rather than using an interest rate to profit from your repayment, a cash advance uses a factor rate. This factor rate is expensive, starting at what’s equivalent to a 15 percent interest rate. When it comes to repaying your cash advance, you never write a check. The company deducts the repayment daily from your bank account using a percentage of your credit card sales and your debit card sales. This is the reason you don’t know how long it will take you to repay your cash advance. It depends on your sales any given day.

Is it For Me?

If you are looking for money to expand your business, a merchant cash advance might be for you. Were you denied a small business loan and cannot raise capital in another manner? If this is the case, you have options. It’s more expensive, but you have access to your money faster. If your investment pays off quickly and efficiently, you’re also looking at paying off the loan much faster, which means you might be able to pay it off for a little less money.

If you need money for your business now, it’s worthwhile to consider a merchant cash advance. You can pay it off faster and more efficiently than a small business loan, but it’s important you only borrow what you need. It’s also important that you are able to grow and expand using this money because that is what makes it possible for you to avoid a financial disaster during the repayment period of this cash advance.