Here's Who We Are

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.

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.


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.

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

Does Debt Consolidation Hurt Your Credit


Debt consolidation can seem like a great option when you’re struggling under the weight of high-interest credit card balances and multiple loan payments. Combining all those debts into one lower monthly payment can provide some much-needed relief.But before you jump into consolidation, it’s important to understand how it could impact your credit. Here’s a look at the potential pros and cons of debt consolidation when it comes to your credit scores.

How Debt Consolidation Affects Credit

When you consolidate debts, you take out a new loan to pay off your existing debts. This can affect your credit in a few key ways:

  • New account: When you open a debt consolidation loan or balance transfer credit card, this new account will show up on your credit reports and can lower your average account age. This is a factor in your credit scores.
  • Lower utilization: Consolidating balances from credit cards to an installment loan can lower your overall credit utilization ratio, which can help boost credit scores.
  • Hard inquiries: Applying for the new loan requires a hard inquiry on your credit reports, which causes a small, temporary drop in scores.
  • Account closures: If you close some credit card accounts after consolidating the balances, this can hurt scores by lowering total available credit.

So in the short term, debt consolidation can cause a minor drop in credit scores. But it also sets you up for credit score improvement as you make on-time payments and reduce balances.

Strategies to Minimize Credit Score Damage

If you want to consolidate debt in a way that limits damage to your credit, here are some tips:

  • Compare offers: Limit hard inquiries by comparing offers within a short period, such as 14 days. Credit scoring models count multiple inquiries for the same loan purpose as just one inquiry.
  • Leave accounts open: Unless required by the lender, leave consolidated accounts open with small balances to avoid lowering your total available credit.
  • Make payments on time: Stay diligent with new loan payments to build positive payment history, the most important credit scoring factor. Set up autopay to avoid mistakes.
  • Avoid new debt: Refrain from running up balances on the newly available credit on consolidated accounts to prevent increased utilization.
  • Monitor credit: Check credit reports regularly to ensure the consolidated accounts are being reported accurately and avoid surprises.

Debt Consolidation Loans

One of the most popular ways to consolidate debt is with a personal loan. This combines multiple balances into one fixed-rate installment loan with set monthly payments over a term of generally two to seven years.Here are some pros and cons of using a debt consolidation loan:Pros

  • Can get fixed interest rates lower than credit cards
  • Simplifies finances with single payment
  • Helps motivate you to pay off debt faster
  • Can improve credit mix by adding installment loan


  • Requires good credit for low rates
  • Loan origination fees can be high
  • Missing payments damages credit
  • Temporarily increases hard inquiries

Debt consolidation loans are best for borrowers with good credit who qualify for low interest rates. Even a slightly higher rate can save substantially on expensive credit card interest.Be sure to shop around among multiple lenders, such as banks, credit unions and online lenders. Compare interest rates and fees to find the most affordable option.

Balance Transfer Credit Cards

Balance transfer cards allow you to consolidate credit card balances onto a new card at an introductory 0% interest rate for a set period, usually between 12 and 21 months. You typically pay a balance transfer fee of 3% to 5%.Here are some potential pros and cons with balance transfer cards:Pros

  • Temporarily pause interest charges
  • No set repayment schedule like a loan
  • Useful if you need more time to pay off debt
  • No prepayment penalties


  • Deferred interest if not paid in full
  • Need good credit for high limits
  • Potential balance transfer fees
  • Could overspend on freed-up credit

To avoid deferred interest, be sure to pay off the full transferred balance before the intro 0% rate expires. Balance transfers work best for those with good credit who need breathing room to pay off debt without racking up more high interest charges.

Alternatives to Debt Consolidation

Debt consolidation can be an effective strategy, but it’s not the only option. Here are a few other ways to tackle debt:

  • Debt management plan: Work with a nonprofit credit counseling agency to negotiate lower interest rates and create a debt repayment plan.
  • Debt settlement: Debt settlement companies negotiate to pay a portion of your debt in exchange for the creditor removing it from your credit report. This option damages credit scores.
  • Credit counseling: Meet with a nonprofit credit counseling agency for free budget and debt help, including advice on debt consolidation.
  • DIY debt payoff: Create your own debt payoff plan using the debt avalanche or debt snowball methods without consolidating.
  • Bankruptcy: File for Chapter 7 or Chapter 13 bankruptcy to eliminate or restructure debts you can’t pay. This will severely damage credit scores.

The Bottom Line

Debt consolidation can provide a helpful credit score boost in the long run by streamlining payments and lowering credit utilization. But pursue consolidation cautiously, shop around for the best terms, make payments diligently, and avoid racking up new debt.With the right approach, debt consolidation can offer affordable debt relief without inflicting lasting damage on your credit. Focus on reducing balances, and your improved financial habits will be reflected in your credit.

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

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