Oregon

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 Oregon

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

Starting a business takes precise planning and consideration. You need a plan. That plan must include a target audience or customer. It must also include a way to make money, a cost analysis, and much more. It isn’t something you happen into and accidentally makes a success. It’s expensive, and it takes time and money. What happens, however, when you have that business up and running and you realize you want to go bigger? You need more money because it takes money to make money.

For example, you cannot take more orders without more equipment to handle the orders. You cannot produce more food in a restaurant without more appliances to accommodate the fast pace of orders. You have to have supplies and equipment, and you might even need more people to handle the supply and demand. However, if you’ve already been spending every spare penny you have to make your business run while you expand, you might not have enough to continue to grow right away.

You could apply for a small business loan, but do you have weeks to wait for funding? What happens if you are denied for a small business loan? Many lenders will not issue a loan to anyone who has not been in business for a few years, and they will not lend to you if you don’t have a business credit score that’s good. Even your personal credit score has to be high, and you must have collateral to obtain a small business loan. If you don’t have this, you may be unable to secure a loan. Where does that leave you?

Apply for A Merchant Cash Advance

A merchant cash advance might be your alternative means of funding when you cannot qualify for a business loan with a traditional lender. This is not a loan, and you do not have years to pay it back. It’s not as affordable as a business loan, and taking out a merchant cash advance does require a certain level of risk.

However, a merchant cash advance in Oregon is quick. You can apply one day and have funds in your bank account within two business days. You need not spend time gathering dozens of business and personal documents, either. You need only submit documents such as the following.

– Business bank statements
– Business credit card processing statements
– Business tax returns
– Voided business checks
– Credit score

Your merchant cash advance lender will determine how much you can borrow and how much it will cost you based on this information. If your credit is bad or you have a very limited business history, this loan will cost you more.

You don’t pay an interest rate when you take out a merchant cash advance, either. You pay a factor rate, and that factor rate is used to determine who much you are required to repay. The lowest factor rate is the equivalent to an interest rate that’s 15 percent. It’s high, but you also pay it off a lot faster. You make daily repayments to the lender based on your credit card sales and your debit card sales. Every day you pay a different amount, which is deducted from your bank account by the lender. The amount is different because it depends on your debit and credit sales on a daily basis. If you sell more on Monday than Tuesday, your Monday payment is much higher. If you have questions about how this works, ask your lender to discuss this with you.

Once your loan is repaid in full, you are done. This takes anywhere from four months to nine months depending on your sales. It’s not an affordable way of borrowing, but it is an option for those who are not able to secure a traditional loan through a financial institution. If you can afford to make these payments and grow your sales so your business does not suffer financially, this might be the option you need to grow your business. It’s fast, convenient, and nowhere near as strict as a business loan, but the caveat is that it is much more expensive. Can you afford it?