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

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

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

Recent Business Loans Funded

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

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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.

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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.

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

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

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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 Debt Settlement


Are you struggling to keep up with your existing business debt? Do you have several maxed out credit cards, merchant cash advances, etc? You might be looking for a way to manage all of this debt. Thankfully, Delancey Street has a number of financial options to help you. 

Take advantage of these financial options to manage your debt with cheaper forms of financing.

Business Debt Settlement and debt negotiation is effective, if you feel like you’re going to go out of business. Sometimes, paying back debt can feel like pouring money down the drain since you feel like you’re about to go out of business. If you face such a predicament, this article might be able to help you.

Ultimately, every lender wants to get paid back.

No lender wants you to file bankruptcy.

With this in mind, it’s important you consider your options.

First and foremost, if business has gone down – it’s crucial you consider reaching out to the lender and explaining the circumstances. Regardless of whether you’re working with a major lender like OnDeck, PayPal Working Capital, Kabbage, or a local – smaller – lender. If you explain what’s going on, it’s probable that the lender will work with you and create a payment plan that works for you. Often, lenders are happy to setup a payment plan where the payments are adjusted so that your business doesn’t suffer and can handle the cost.

In other cases, this might not be enough. Sometimes, you have to consider business debt negotiation and business debt settlement.

This is a scenario where the lender and you negotiate, in order to reduce a specific debt, which results in the debtor paying the creditor less than what was owed. Achieving successful debt negotiation, and settlement, isn’t easy. It requires immense knowledge of the law, great negotiation skills, and the ability to fend off potential lawsuits. In addition, you have to know how to negotiate settlement agreements that protect the debtor.

Can you negotiate your own business debt settlement?

It’s possible in some cases. However you may want to work with a company that understands how lenders work, and how debt negotiation works. Typically, it’s best you negotiate with your lender directly and come up with an amicable resolution that works for everyone. It’s important to remember that lenders WANT to work with you. They want you to make payments. If you speak to them, they will be reasonable and help you. In some cases, it might make sense to hire a business debt settlement company.

Here are some of the factors to consider when conducting business debt settlement and negotiation

Representation: In most cases, creditors are represented by attorneys in the debt settlement process. Even if the person who calls you to ask for payment isn’t an attorney, they always have an in-house attorney or access to lawyers. Needless to say, it’s helpful to just work directly with the lender. But in some cases, if you’ve already been sued for the debt, you might face an opposing counsel and will need your own attorney. If you aren’t represented by an attorney, you are in serious trouble potentially.

Leverage: Any good negotiation requires leverage. Negotiating debt means more than simply asking to pay less money. It requires you to have a game plan which factors in how much you owe, your current debt to income ratio, and numerous other factors. If you can make a lump sum payment, in exchange for a reduction in overall debt – your debtor might be inclined to agree.

Having a plan is critical. Regardless of whether you engage in debt negotiation or business debt settlement, you must have a plan, and an idea, of what you’re going to accomplish and how it’ll be done.

Instead of business debt settlement, get a merchant cash advance consolidation

One merchant cash advance can lead to another. Pretty soon your cash flow is crushed. The practice of stacking merchant cash advance loans can quickly sink a business. One solution is getting a cash advance consolidation.

What is a business debt consolidation loan?

Debt consolidation loans for a business aren’t more different than the one used for personal financial difficulties. Once approved, the new lender pays off your existing loans. Debt consolidation loans leave you with just ONE payment to make, whereas before you had multiple payments.

Is your business in debt? Learn what happens during business debt settlement

There might be a time in your life when you’re in over your head and debt settlement might feel like a good idea. In situations like this, you may want to consider taking a merchant cash advance consolidation, SBA loan, line of credit, or some other alternative form of funding from Delancey Street. Many business owners struggle on how to settle their business debt, when they have too many business credit cards maxed out, small business loans, merchant cash advances, and more. The monthly payments can quickly drown you in debt! Credit cards with high balances often have interest rates of 20% or higher! If this is a situation you find yourself in, or your business in, you might be wondering – is it possible to settle my business debt for less?

There are plenty of advertisements on TV, or radio, and there are many claiming they can get you out of debt for a faction of what you owe. The issue is, many of them are making false claims. Many programs aren’t real. Many have potential benefits, but also many have major downfalls.

What is business debt settlement, in theory?

Debt settlement is a process by which you can hypothetically settle all your debts, with your creditors, for a fraction of what you owe. Debt settlement is often handled by a third party company who works on your behalf, and negotiates your total debt with your creditors.

What’s the first step in business debt settlement?

The first step is for you to contact a company who can handle this. They will refer to themselves as debt adjusting / debt relief companies. These companies will review how much debt you owe, and then create a debt management program from you. They will attempt to negotiate a total settlement of our debt, and sometimes they can even reduced the amount which can be settled through a payment plan. The ultimate goal of a business debt settlement company is to reduce your overall total amount of debt.

Typically the debt settlement company will reach out to your lenders directly in order to understand what they need, and what they expect. The ultimate goal they have is to reduce your total debt. The debt settlement company will try to make a lump sum payment of the settlement, or try to get the lender to make a negotiated reduced monthly payment.

The debt settlement company gets paid by either charging a flat fee for their work, or taking a % of what they were able to save you on your total debt.

What type of debt is eligible for debt settlement?

There are many forms of debt, from secured to unsecured. Not all debts are the same, and not every type of debt can be settled for less. Most secured debt, like home loans, car loans, aren’t eligible for debt settlement services. The three main types of debt that are eligible are credit cards, personal loans, and business loans.

Pros and Cons of Business Debt Settlement

There are pros and cons. Make sure to review them all before you hire a business debt settlement company.

[joomdev-wpc-pros-cons disable_title=”no” wpc_style=”wppc-view1″ title_tag=”H3″ title=”Pros and Cons” pros_title=”Pros” cons_title=”Cons” button_text=”Get it now” disable_button=”yes” button_link=”” button_link_target=”_SELF” button_rel_attr=”dofollow”][joomdev-wpc-pros]

  • Lower overall debt
  • Free up money you can use elsewhere
  • Could prevent bankruptcy
  • Keep collectors and creditors off your back


    • Could be expensive, with the fees you are charged
    • Could negatively impact your credit score


  • Could increase your overall debt, because of compounded interest while your debt is settled
  • Could be a waste of time, since your creditors may refuse to settle


What you should do if you decide to try business debt settlement

If you’ve decided to try business debt settlement services, there are a few things you can do to make sure your business thrives.

You should continue making payments with your lender while you negotiate a final settlement. If you have a COJ – confession of judgement – it might be likely the lender will use the COJ – which could result in huge financial issues for you business wise, and personally.

Before you speak to a business debt settlement company, it might make sense to speak to your creditors first, and show your creditors how bad of a position you’re in, and that you really need help. Most creditors are reasonable, and would rather you continue making payments than default o or go out of business.

While you work with your lenders, it might be recommended that you cut down your spending significantly, in order to show your lenders you’re prioritizing their loan, and aren’t frivolously spending money. Make sure you’re negotiating with the right people. Work with a manager at the lenders office, or someone who is truly qualified. It’s recommended you make an initial offer to the lender, rather than having a debt settlement company do it for you initially.

Alternatives to debt settlement

If you find yourself in a bad position with your outstanding debt, a business debt settlement company isn’t the only option you have. Here are some alternatives to business debt settlement.

You could negotiate on your own: It’s not uncommon for lenders to want to work with you directly. They would rather speak to you, the client, and discuss a payment plan that works for you. This allows you to avoid paying the debt settlement fees you’d pay to a business debt settlement company.

Transfer balances: This is another great option if you have immense credit card debt. If you qualify for a low-interest credit card, you could benefit from transferring your balances from higher interest accounts

Get help from a nonprofit: There are many nonprofits that provide credit counseling services to businesses.

Get a business debt consolidation loan: Another option is to get a loan to pay off all of your existing debt. For example, you could get a merchant cash advance consolidation loan. This will result in your cash advances being consolidated into one new payment, with a longer term.

Debt can be fixed

If you find yourself in a difficult position, and you’re having trouble paying the debt, you can opt for a business debt settlement company in order to reduce your overall debt. Third party companies will work on your behalf, and then contact your creditors directly to negotiate new final amount of money you owe. While debt settlement can be a good option for some, there are many potential drawbacks.

One amazing alternative to business debt settlement is a business debt consolidation loan.

5 Ways To Getting Your Small Business – DEBT FREE

Debt is a necessary part of running a small business. Debt comes in many forms, like a business loan, a line of credit, a business credit card. Too much debt CAN stifle your cash flow, and put your business at immense risk. The less you owe, the more you can reinvest. According to a 2016 study done by Experian, the average US small business owner has $195,000 of debt. Below are small business debt management tips.

invoice factoring: business debt settlement

Invoice Factoring

Invoice factoring is a great way to help payback your debt. Factoring invoices has gained popularity as a way to finance your company – especially when it has cash flow problems due to slow paying commercial clients. Factoring works by giving a business an advance on invoices. The advances provides cash flow to the business to use as it sees fit. Often, many people turn to invoice factoring because it’s cheaper than other forms of financing and is relatively fast. Factoring isn’t perfect, and it has its pros and cons.

You can use the immediate cash from invoice factoring to pay down your existing business debt, and other financial obligations you have. The most important thing about invoice factoring is that it provides your company with immediate cash. This funding can help fix your cash flow, and give you the resources you need to pay your expenses, and moreover take on new clients. Another great thing about invoice factoring is that it allows you to provide payment terms to clients. Often, big commercial and government clients insist on 30-90 day terms. If you cannot offer payment terms, your chance of getting these bigger accounts is slim. It means you could take advantage of MORE revenue generating opportunities, if you simply offered invoice factoring. Because you offer invoice factoring, you can generate new streams of revenue. This means greater opportunities to pay down your existing debt.

Another benefit of invoice factoring is that it is relatively easy to get. The primary requirement for invoice factoring is that you have invoices for work/services you’ve already done, which are payable by customers with good credit. Aside from that, your business must be free of liens, and other legal problems.

Another benefit of invoice factoring is that the overall amount of financing offered can increase, over time. Because factoring is tied to your invoice balance, you could easily increase the amount of money offered as long as your invoices increase and the quality of credit of your clients is good. This can be a VERY effective way of paying down your business debts, and is a fantastic way of business debt settlement. One of the issues with invoice factoring is that it’s a short-term solution. If you forecast a cash flow problem due to your existing business debt cash outflow, invoice factoring is a short term solution but can truly help you.

One of the benefits of invoice factoring is that you don’t have to give up equity in order to get this funding. The advantage of invoice factoring is you don’t have to give equity, or ownership, in any form, of your company, and you can retain control. Furthermore, selling equity during a period of financial distress where you’re considering business debt settlement can be a bad idea. Selling during periods of distress results in you not getting the best price for it. Virtually any small business can qualify for invoice factoring. Trying to get a small business loan, or a regular line of credit, is impossible if you’ve already got existing loans. But, even if you have a small business loan, you can qualify for invoice factoring – making it an effective way of paying down your debts when considering how to settle your business debts.

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.

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