what are the best industries for 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

what are the best industries for merchant cash advance

What is Merchant Cash Advance and how exactly does it suit your business?
For over a decade, firms with poor credit and no way of obtaining loans from banks have had an alternative source of financing for their business, the Merchant Cash Advance. Also known as factoring, it is a loaning service that is easier to obtain compared to the traditional loans offered by the bank. Businessmen have turned to factoring for financing whenever they fail to acquire loans at the bank for whatever reason.

Contrary to the conventional method of requiring collateral and guarantees in order to be issued with loans, none of that is needed. Only credit card sales are of importance. This non-requirement of personal credit or collateral has since grown the service, and the industry is booming. To top it all off, the freedom on the use of the money borrowed continues to make factoring the best alternative to bank loans.

How to acquire the loan?
The process is quite simple and fast. With the digitization of the finance sector in the last couple of decades and the introduction of automated services, the application process couldn’t be any simpler.

Procedure.
To apply for Merchant Cash Advance the interested applicant goes online and fills a form with all the details

He awaits approval which usually takes less than two business days
Once approved. The funds are availed through a percentage of debit or credit sales

A previously agreed upon fee is charged to the whole amount and is included in the balance to be paid.

All payments are automated, and so the payment plan is simple as well.

How the recipient of the funds chooses to spend it is up to them, and no limitations are put in place. These flexible terms offered are what ensures a steady stream of applicants.

How does one qualify for this service?

The qualifications necessary are minimal and attainable by many.
Qualifications.
You must have been in business for over half a year to close to a year.

The firm has to have a consistent revenue of about 5,000 USD in debit card sales.

No mention of requirements of guarantees but the applicant has to show that they can repay the loan given to them.

With there being no insistence on collateral, Merchant Cash Advance suits a variety of loan seekers including mostly startups, nonprofit making firms and those with low personal credit. However, despite being this utopia of financial burden solution, factoring is expensive with rates as high as up to 30%, and with a daily repayment plan, it affects the cash flow per day, and this mostly affects businesses that plan for their expenses monthly. The rate is affected by among many, these two primary factors; the size of the business and the amount borrowed. It may vary, so it is not a major limiting factor.

Any business that accepts transactions using debit and credit cards are most likely to qualify for the loan, e.g., retail stores. Despite offering majorly small loans, the amount borrowed can exceed half a million dollars.

The major upside to this service is the flexibility of terms on loan and the liberty accorded to the loan seeker to choose whatever they want to use the money for. It is also like a guardian angel to the firms that are just coming up, and by providing them with the necessary funding they require, they can finally grow their business. The ease in which the payment plans are carried out affords the recipients an easy and a stress-free experience. Just about anyone can apply for and qualify for this service which is not the case in traditional bank loans systems where checks ensure people willing and able to repay the loans are considered and takes more time to process.

The benefits outweigh the risks and certainly factoring is a worthy supplement to bank loans. The high rates can be viewed as being necessary especially because of the risk taken by the loan givers.

Important to note
Merchant Cash Advance is a loan service like any other, and so the applicants have to put in thought before applying. Apply for the amounts required and do not be tempted by the liberty accorded. One may easily end up in debt.

Do you need a small business loan?

Apply now