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

What Debt Settlement Companies Do and What to Watch Out For


What Debt Settlement Companies Do and What to Watch Out For

If you’re struggling with high credit card or other unsecured debt, debt settlement may sound like an appealing option. Debt settlement companies make big promises that they can slash your debt by negotiating with creditors on your behalf. But there are huge risks to using these services. This article will explain how debt settlement works, pros and cons to consider, and what to watch out for with debt settlement companies.

How Does Debt Settlement Work?

Debt settlement involves stopping payments to creditors, letting your accounts go delinquent, and waiting for creditors to agree to settle for a fraction of what you owe. A debt settlement company will advise you to stop paying your credit card and other unsecured bills and instead make monthly payments into an escrow-like account. Once there’s enough money in the account to make a settlement offer, the company will contact your creditors and attempt to negotiate a deal. If the creditor agrees, you pay the settlement amount and the account is considered “settled in full.”

Settling debt for less than the full amount owed has consequences. Your credit score will plummet, creditors can still sue you, and any forgiven debt may be taxable income. Debt settlement companies typically charge hefty fees based on a percentage of your enrolled debt, ranging from 15% to 25%. This covers their services plus the escrow account. There is never any guarantee creditors will accept a low settlement offer.

The Pros of Debt Settlement

If debt settlement works as promised, the benefits are:

  • Lower payments. Your monthly payment to the debt settlement company is likely less than minimum payments on all your credit card bills.
  • Settled for less. If creditors accept the deal, your debt burden will be lightened.
  • One payment. You make one monthly payment to the debt settlement company instead of juggling multiple credit card bills.
  • Avoids bankruptcy. Settling debt is likely better than filing Chapter 7 or Chapter 13 bankruptcy.

The Cons of Debt Settlement

There are also downsides to understand:

  • Huge fees. Debt settlement companies charge 15% to 25% of your debt in fees. These fees are front-loaded so companies still get paid if you drop out.
  • Credit damage. Your credit score will plummet and creditors may sue you before any debts are settled.
  • Tax consequences. The IRS may count forgiven debt as taxable income.
  • No guarantees. Creditors are not obligated to accept lowball settlement offers.

Debt Settlement Risks and Drawbacks

Before you sign up with a debt settlement company, be aware of these hazards:

  • Fees paid upfront – Debt settlement companies usually charge their full fee upfront before settling any debts. If you don’t complete the program, you lose the money.
  • Lawsuits from creditors – Once you stop paying your bills, creditors can sue you. The debt settlement company is not responsible for representing you in court.
  • Ongoing late fees and interest – Your debt continues growing as creditors tack on late fees and penalty APRs.
  • Settlements may not happen – There’s no guarantee creditors will accept lowball settlement offers. They may refuse to negotiate at all.
  • Tax consequences – If a creditor forgives $600 or more, that money could be taxed as income. You’ll get a 1099-C form.

What to Look for in a Reputable Company

If you understand the risks and still wish to pursue debt settlement, choose a reputable company that:

  • Is licensed in your state – Check with your state attorney general to verify licensing.
  • Explains program details in writing – Get contract terms, services, fees, and risks in writing upfront.
  • Charges fees based on settlements – Avoid companies that charge the full fee before settling any debts.
  • Has a solid refund policy – In case you want to cancel the program.
  • Is accredited by industry organizations – Like the American Fair Credit Council.

Alternatives to Debt Settlement Companies

Debt settlement is risky and not a magic bullet. Consider these options first:

  • Credit counseling – Nonprofit credit counseling provides free budget and debt advice.
  • DIY settlements – You may get better deals negotiating directly with creditors yourself.
  • Debt management – Credit counselors can set up reduced interest debt repayment plans for you.
  • Bankruptcy – Chapter 7 or Chapter 13 bankruptcy may be better than debt settlement.
  • Debt consolidation loans – Consolidating with a lower-interest loan avoids settlement risks.

The Bottom Line

Debt settlement seems like an easy fix but can seriously damage your finances and credit if things go sideways. Thoroughly research any debt relief company before signing up. Often times, DIY debt settlement, credit counseling, debt management plans, or even bankruptcy produce better results than risky debt settlement programs.

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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$125,000 Small Business Loan
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In The Media

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