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We're Fund Virtually Everything

We fund business owners nationwide, regardless of industry, credit, or time in business. We fund it all.

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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.

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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.


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


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 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

Get a Decision in as Little As 30 Seconds

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

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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

Calculating Appropriate Settlement Offers for Business Debts


Calculating Appropriate Settlement Offers for Business Debts

Take a Close Look at Your Business Finances

Before even thinking about making settlement offers, it’s crucial to thoroughly analyze your business’s financial situation. This involves carefully reviewing income statements, balance sheets, cash flow statements, and taking stock of all outstanding debts. You need to examine both your current finances as well as projected numbers for the next 6-12 months. Conducting this in-depth financial analysis will help determine realistic lump sum settlement amounts your business can afford to pay right now based on available cash reserves, monthly cash flow, accounts payable/receivable, upcoming expenses and obligations, debts owed, payment terms, collateral used to secure loans, etc.
Developing a crystal clear picture of your business’s debts, assets, income streams, and financial obligations is key to making settlement offers grounded in financial realities rather than wishful thinking. As explained in this Investopedia article, you need a significant amount of cash to settle your debt, so have an accurate handle on what’s available.

Prioritize Your Debts Strategically

When it comes to debt settlements, not all debts are created equal. You need to thoughtfully prioritize which ones are most critical to tackle first. Factors to consider when deciding which debts to focus on settling immediately include those secured by essential business assets you can’t afford to lose, debts with upcoming maturity dates, high interest debts costing the most in fees, overdue tax debts that could potentially lead to liens or levies. Settling these types of priority debts can provide quick financial relief and protect your company’s crucial assets. Based on cash flow realities, you may decide to only settle with a select group of high priority creditors right now and deal with lower priority debts later on.

Research Individual Creditor Policies

Before presenting any settlement offers, it’s wise to thoroughly research the policies and practices of each creditor you owe money to. Many creditors publish general debt settlement guidelines on their websites that you can review. You’ll get more detailed intel by calling up customer service departments and asking questions. Key things to find out are the minimum settlement offers they’ll accept, whether they negotiate directly or use collection agencies, payment plan options, and potential tax implications of settled debt.
Arming yourself with this type of creditor-specific settlement information will allow you to craft appropriate offers tailored to each creditor that meet their criteria. This FTC guide also explains important factors to consider when structuring debt relief offers. It can also help identify any creditors completely unwilling to negotiate settlements under any circumstances.

Calculate a Reasonable Settlement Range

After getting a handle on your finances and creditor policies, you can start calculating a reasonable settlement range to offer creditors. As explained in this Investopedia article, many creditors accept offers between 40-60% of the total amount owed. However, your company’s specific financial situation and the individual creditor’s settlement criteria impact appropriate offers.
Factors to consider when formulating fair settlement ranges include total amount owed to each creditor, available lump sum payment, affordable monthly payments if proposing a settlement payment plan, minimums/ranges the creditor accepts based on research, original repayment terms and whether the debt is past due, importance of maintaining the creditor relationship long-term. Crunch all these numbers to land on settlement ranges you feel are fair, potentially starting on the lower end so you have room to negotiate up if needed during discussions.

Make Initial Lowball Settlement Offers

Once you’ve determined reasonable settlement ranges, it’s time to make initial lowball offers to kickstart negotiations. Contact creditors by phone, email, or letter explaining your business is experiencing financial hardship and requesting to settle for a specific discounted dollar amount. For example, if you owe a creditor $20,000, open with an offer of 30% or $6,000.
Refer back to your financial analysis to justify why this lump sum or payment plan amount represents the maximum you can realistically afford. Reiterate how much you value the business relationship and want to resolve the debt. As explained in this CFPB article, the creditor will likely counter with a higher amount, allowing you to negotiate from there.

Negotiate Back and Forth to Reach Middle Ground

Settling business debts involves an iterative back and forth negotiation process. If your initial lowball offer is rejected, don’t fret. Listen carefully to the creditor’s counteroffer and rationale, then take time to carefully consider your next move rather than immediately matching their number.
As you negotiate, refer back to your original financial assessment and settlement range calculations to ground discussions in what your business can realistically afford. If a counteroffer still stretches beyond those limits, hold firm in refusing to exceed your means. Consider making smaller incremental offer increases rather than huge jumps. Explore extending the repayment timeline through payment plans with affordable monthly settlement amounts. With persistence and compromise from both sides, you can negotiate win-win settlements.

Get Final Settlement Terms in Writing

Before paying a dime, get any verbal settlement agreement detailed clearly in writing. As explained in this CFPB article, the agreement should specify original debt amount, settled payment amount, payment due dates, account closure terms. Carefully review before signing to ensure it reflects everything discussed. This written agreement legally protects your business interests and provides proof of the settled amount.

Make Payments and Follow Up

After signing the deal, submit your lump sum payment or begin installment payments by the agreed deadline. Follow up to confirm creditors received payment and have marked your account as settled. Get written confirmation the debt is satisfied for the settlement amount. Periodically verify the account status remains accurately updated.

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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In The Media

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