DELANCEY STREET

Here's Who We Are

We're a Direct Lender

We’re a direct lender who funds small business owners nationwide, regardless of industry, credit, or time in business. We fund it all. GUARANTEED.

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We Provide Multiple Options

We have a lot of different financing options available to our clients. Regardless of your situation, we’ll have a solution for you.

Fast Approval

Our application process is completely online. You can get funds in your bank account in literally 24 hours.

The Working Capital You Need In 24 Hours.

We get you funding. It's that simple. Regardless of credit, income, or time in business - we'll fund you.

Apply

Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.

Approval

Receive application approval in as little as 24 hours. There is no credit check required.

Receive Funds

Review and return your signed agreement and get your money in as little as 24 hours.

Recent Funded Business

100K Term Loan

Ambulance Service

Our client bought a new ambulance.
2019 - June
55K Advance

Truck Funded

Our client used the funds to hire new team members.
2019 - February
85K Term Loan

Restaurant Funded

Our client used the funds for restaurant equipment.
2019 - May

Get a Decision in as Little As 30 Seconds

We’re Fast. We Help Regardless of Credit. WE HAVE A SOLUTION FOR YOU.

Apply Online

We have a completely online application process, which is simple and easy.

Get Offers

We'll match you with the best loan offers we have that are financially responsible.

Get Funded Quickly

We'll fund you the same day you accept our offer.

How Delancey Street Works

Fill Out Our Application

Answer basic questions about yourself and fill out our entirely online application. Each loan has its own online process.

Meet Your Concierge

We'll pair you with an experienced Delancey Street specialist who will reach out to you, and understand your needs. We'll try to determine which financial product is right for you.

Compare Our Loan Offers

We give you a few different loan offers based on your scenario and what options you qualify for.

Choose Your Loan

Once you've chosen a loan that works for you, we finalize it and start getting the documents needed.

Get Funded

Once we get all of the documents back, we'll get you funded ASAP.

We Help You Grow

After you get funded, your Delancey Street concierge specialist will keep in touch to make sure you're happy and doing well.

Business Loans

Get business loans ranging from 3 months to 18 months
No credit score requirement, we have a program for everyone
We can fund up to $5 million in virtually 24 hours

Business Loans Vape Shop

Vape Shop Business Loans 

Delancey Street is pleased to offer financing for vape and e-cig shops. We provide merchant cash advances, small business loans, and more, for the industry. We understand the potential in this industry, and provide competitive rates on financing your business – whether it be giving you additional cash, or providing financing for your next real estate purchase.
Bottom line, society is at a turning point. Many people are vaping, and a lot of people are turning to e-cigs as a way to quit smoking cigarettes. While there’s no 100% absolute proof that long term smokers are quitting smoking by transitioning to e-cig/vaping, there’s a huge amount of money going into this industry.

We can help provide financing

With the incredible growth in this industry it’s important for vape shop owners to know they have financing options.
We can help you pay for payroll, by giving business financing to cover your costs. We can even help with inventory for vape stores, by providing different vape shop inventory loan options. In addition, we can help you with the expansion and renovation costs your business might have. For example, if you want to purchase another commercial warehouse, or storefront, we can provide a private money loan for it. In some cases, you might need money for marketing costs that are unavoidable. We can provide financing for those costs.
It is usually a feat to get the first loan for your small business. The application process for a vape shop business loan can be quite rigorous. Fortunately, the process of deciding to get a loan to actual application serves as an excellent learning opportunity. Given the painstaking task of applying for your first loan, we have put together al the necessary information that you need to have to make the loan application process a lot easier.
Things to know before making an application
Before filling the loan application form, you need to evaluate your options. First, you have to determine if you really need a loan; If you can get the cash you need through other means consider them first. Other forms of financing include angel investment, business credit cards, and invoice financing among others. Look at each type of financing along with its pros and cons. select the option that works best for your business. If you settle on the loan, determine what type of vape shop business loan that you need for your business. You can go for small business loans products, short-term or long-term loans.
When applying for a loan, you need to be conscious of two main things; your ability to pay the money and your credit rating. These will play a huge role in getting your loan application approved and will be used to determine the terms of the loan.
Credit score analysis
The credit score is the most significant determinant of whether a lender approves or rejects your application. It counts as a measure of trust that you can pay back the amounts loaned to you. Since you are a stranger to the financial institution, it looks at your past and the way you have been paying your bills and vape shop business loans to determine if it can trust you with their money. The credit score is thus your financial reputation put in numbers.
As a small business, the prospective lender will look at both your business credit score and personal credit score. While there are other areas that the lender will check, your credit score makes for the strongest pillars for or against your loan application.
Business credit score
It is unfortunate that most entrepreneurs often mix their personal cash with business funds especially before the business gets a footing. This overlapping causes lots of financial headaches for the owner later on. It becomes harder for you to file taxes for your business separately or secure a vape shop business loan. It is advisable that you open a business account from the onset of the business so that you can start building the business credit score early enough. Doing so also protects each side from negative credit ratings on the other account.
Building a business credit rating starts when you start engaging in business transactions. Each of the three reference bureaus calculates the credit scores differently. However each of the looks at your payment history, legal filings and any data about you at the hands of a collection agency. The bottom line is that you must pay your bills on time to build and maintain a healthy credit score for your business.
Personal credit score
The lenders will also look at your personal credit score. This is because the small business has not accumulated a sizable credit history. Much of the loan repayment plan depends on you. However, just like the business credit score, your personal credit rating is affected by the payment of bills and other personal loans. If you pay the bills on time, your credit score goes up. The personal credit score is rated at between 300 and 850 with 850 being the highest. This scale is used in calculating both your Vantage Score and FICO Score.
Mistakes that lower personal and business credit scores
High credit utilization
Credit utilization is the amount of credit that you actually use out of your revolving credit limit. You will be penalized for high credit utilization as it shows that you depend more on loans for your business or personal bills. Your VantageScore is likely to suffer more than FICO due to high credit utilization.
Maintaining a high outstanding balance
You get a low credit score even if you have not missed any payment. This penalty is due to carrying a lot of debt. Try to make as many minimum payments as possible to keep your balances low and escape the penalty.
Ways to improve the credit score before making a loan application
Before working on ways to improve your credit score, you need to have the latest credit report from any of the credit bureaus. The credit reporting law allows you to get one free credit report from each of the three bureaus every year. As for the business credit report, you can visit CreditSignal or Nav website. Once you have your credit report, you can take the steps below to fix your credit score.
Check for inconsistencies
Go through the report while checking for errors. There could be negative entries that are not yours. There could also be positive entries that may not have been included in the report that ought to be there. Report for these anomalies immediately. Contact the credit reference bureau from which you received a credit report.
Look for the past debts that are due
In the report, look for the past debts that may already be due. These late repayments contribute significantly towards the low credit score. Contact the creditors to clear the debts. You may ask some of the creditors to make a goodwill adjustment which involves erasing a late payment entry on your credit report.
Clear tax liens
If you have any tax liens with the state or federal governments, it may be time that you contacted the relevant authorities to come up with a payment plan. You may also clear the liens in a lump sum.
Taking the above steps helps boost your credit score in the short-term which in turn will enable you to make a successful loan application. A small business loan could take your enterprise to the next level.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
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