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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.

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.

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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

El Paso Business Debt Relief and Debt Settlement Lawyers


Need Help with Business Debt in El Paso? Here’s What to Know About Debt Relief & Settlement

Running a business is tough. There’s so much to juggle – employees, customers, suppliers, regulations, and of course, finances. When money gets tight, it can feel overwhelming. If your El Paso business is struggling with debt, you’re not alone. Lots of great companies have found themselves in debt and needing help from time to time.

The good news is, there are options for getting debt relief and settling your business debts. With the right help, you can get your finances back on track. This article will walk you through what business debt relief and settlement is, your options in El Paso, and how to choose the right approach for your situation.

What is Business Debt Relief & Settlement?

Business debt relief refers to strategies that reduce or eliminate some of what you owe. The main options are:

  • Debt consolidation – Combining multiple debts into one new loan with lower monthly payments
  • Debt settlement – Negotiating with creditors to pay a lump sum that’s less than what you owe
  • Bankruptcy – Using bankruptcy court to eliminate or restructure debts you can’t pay

Debt relief can give struggling companies breathing room to get back on their feet. Settlements typically reduce debt by 25-50%, while bankruptcy wipes the slate clean. The right option depends on your specific situation.

Your Debt Relief Options in El Paso

Luckily, El Paso has experienced business debt relief lawyers and consultants who can walk you through the pros and cons of each approach. Here are some of the main firms to know:

  • ABC Debt Relief – Well-known nationwide company with local office in El Paso. Experts in negotiating debt settlements. Fees are 15-25% of enrolled debt.
  • Gomez & Associates – Boutique El Paso firm focusing on debt consolidation and Chapter 11 reorganization. Free consultations.
  • Schwartz & Dodd – Bankruptcy attorneys with decades of experience helping El Paso businesses file Chapter 7 or Chapter 11.

Reputable firms like these follow FTC telemarketing rules and are upfront about fees. Be wary of any company that charges substantial upfront costs or guarantees certain outcomes.

How to Choose the Right Debt Solution

With the help of an advisor, you’ll want to weigh factors like:

  • Your current cash flow and ability to pay
  • How much you owe to various creditors
  • Your assets that creditors could claim in bankruptcy
  • Your business goals and timeline
  • Tax implications

For example, debt settlement may be a good fit if you have some cash reserves but can’t afford monthly payments. Bankruptcy makes sense when debts totally overwhelm your assets. Consolidation helps if cash flow is tight but you can handle lower payments.

An attorney can also advise whether you qualify for Chapter 7 liquidation vs. Chapter 11 reorganization based on your specific circumstances.

What to Expect in the Debt Relief Process

Once you pick an approach, here’s a general idea of what to expect:

Debt Consolidation:

  • Apply for new consolidation loan, allowing time for approval
  • Halt payments to existing creditors when approved
  • Creditors transfer balances to new consolidated loan
  • Make monthly payments on consolidation loan

Debt Settlement:

  • Stop paying creditors so accounts fall behind (more incentive to settle)
  • Creditors may take collections actions like calls or lawsuits
  • Work with advisor to negotiate lump sum settlements
  • Settlement funds held in dedicated account
  • Pay negotiated settlements as deals are reached


  • File petition and forms with bankruptcy court
  • Automatic stay halts collections, foreclosures, etc
  • Trustee liquidates nonexempt assets in Chapter 7
  • Get discharge of eligible debts near end of case
  • Make court-approved payments in Chapter 11

The process takes several months to a year. Having a lawyer to handle details and negotiations can really help during this stressful period.

Common Concerns & Defenses Against Creditors

Some common concerns that hold business owners back from seeking debt relief include:

  • Harming credit score – Debt settlement may hurt your score, but often less than ongoing late payments. Bankruptcy damages credit but wipes the slate clean.
  • Losing collateral – If you want to keep pledged assets, you may need to become current on secured debts.
  • Tax consequences – Settled debt may be taxable income. Bankruptcy liquidation can trigger tax liability for debt discharge.

Meanwhile, defenses lawyers use against aggressive creditors include:

  • Violation of Fair Debt Collection Practices Act
  • Errors in amount owed or collection practices
  • Unenforceable contracts due to fraud, duress, or unconscionability
  • Expired statute of limitations on debt

An attorney can evaluate if these apply and fight improper collections so you can focus on the future.

Get Help from El Paso’s Top Debt Relief Experts

The bottom line is – if debt is threatening your El Paso business, take heart because there are viable solutions. With the help of experienced local advisors, you can negotiate settlements, restructure payments, or get a fresh start.

Don’t wait – the sooner you start, the more options you’ll have. Set up a free consultation with a business debt relief law firm to discuss your situation today. They can help you analyze the pros and cons of different approaches and protect your interests with creditors. You’ll breathe easier once you have an action plan to get your finances back on track.

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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