South Dakota Merchant Cash Advance

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

South Dakota Merchant Cash Advance

A merchant cash advance is not a loan. Well, at least not technically. When your business receives a merchant cash advance, you’re making a trade where in return for a percentage of your daily credit card and debit card sales, plus a small fee you, will be given a cash advance that allows you to fund your business. Merchant cash advances are a simple way for a business to get to the cash it needs without putting anything up for collateral. This process works even for business owners who do not have the greatest credit score.

Balancing the Pros and Cons
As with any financial decision, it is good to take the time to balance the pros and the cons and then see what’s going to be right for your business.

One of the pros of using a merchant cash advance is that your business is able to get quick access to the funds that you need. The approval process for getting these funds is a lot easier than it would be to go to a traditional bank and try to get a loan. Additionally, you will be able to get some type of advance, even if you have bad credit. Finally, if your business accepts payments via credit or debit cards, this loan is suitable for you regardless of the type of business you are in.
There are also some cons that you want to keep in mind. For example, although it is easier to get a merchant cash advance than it is to get a traditional loan, the fees that you pay are going to be higher than those with a traditional loan. Additionally, you’re going to have less flexibility if you want to change merchant service providers. Finally, since your credit card receipts will be deducted based on the agreed-upon amount every single day, you’re going to have a reduction in your cash flow as you are repaying the advance.

Do You Qualify?
After looking at the pros and cons of merchant cash advances, the next question to ask yourself is whether or not you qualify. In order to do this, you need to look at your current financial situation. Does your business have a lot of collateral that could be used to get a traditional loan? Is your business relatively new and because of that you do not have an extended business history? Is your credit rating lower than ideal? If you answer yes to one or a number of these questions, then merchant cash advances might be the solution that you need.

With a merchant cash advance, the eligibility standards are usually kept relatively low. This provision allows small businesses that may not qualify for traditional loans the opportunity to get the financing that they need.
You will especially benefit from this if you have a business that takes in a large portion of revenue via credit card payments. An example of this type of business would be a retail store. With retail stores, the vast majority of your customers are going to pay with a credit card as opposed to cash. Another example would be a restaurant. It is becoming less common for people to purchase things with cash at a restaurant and more common for them to use their credit or debit card.
Businesses that fit into this scenario may see a merchant cash advance as a way to get short-term financing. They can get the working capital that they need, which in turn will allow them to make necessary payments, increase their inventory, and cover unexpected expenses that may arise.

How Can I Apply?
The process for applying for a merchant account is fast and easy. One of the reasons why it is so fast is because the advance is paid back from your daily credit card sales. Before the advance is given, a merchant cash advance company is going to examine your credit card statements to make sure that you have a sufficiently high volume of business. You may also need to provide your credit card score and your bank statement.
The application can usually be done online. Most applications have the chance of being approved the same day. It is good to remember that since the advance is being provided quickly, you’re going to pay a higher rate for the money than you would with almost any other money advance in the capital market.

Do you need a small business loan?

Apply now