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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.

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

Illinois Fix and Flip Loans

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Fix, and flips were not popular until a few years ago when the housing market began recovering from the great recession. These loans have continued to grow in popularity, and more people are reaping huge profits out of them. According to figures in the public domain, the return on investment for fix and flips grew from about 20 percent in 2011 to 35 percent in 2015. In 2017, house flippers renovated more than 200,000 homes where they pocketed an average of $68,143 in profits per unit sold.

House flippers continue to benefit immensely from the recovery of the housing market. In some cases, investing in fix and flip could give you returns of more than 12 percent in a year. But despite the massive potential in this business, only a few individuals can afford to invest in it. The biggest hurdle, especially for starters, is accessing low-cost loans for their project.

For starters, fix and flip can cost a lot of money. To begin with, you will need a down payment for the home, renovation costs, and the costs of holding the house until you find a suitable buyer. It, therefore, means that you have to dig into your pocket to meet various costs such as homeowner’s insurance, property taxes, HOA fees, title search fees, recording fees, and escrow fees, and more. Considering the substantial initial cost of venturing into this business, fix and flip loans have provided investors with an easy means of raising capital for their projects.

An overview of fix and flip loans

Fix and flip loans refer to a type of financing used by short-term real estate investors to raise capital for purchasing and renovating a property before selling it for a profit. The money borrowed by house flippers is used to meet various costs such as:

Raising the down payment

The process of house flip begins with finding a suitable property. Once you find the house, you start figuring how to raise funds to buy the house. You will need to raise about 20-45 percent of the purchase price depending on the lender.

The holding cost

These are costs that the house flipper has to pay before they find a suitable buyer of the property. Examples of holding costs include HOA fees, insurance payments, and various other costs of holding the property.

The fix and flip funds will also be used to purchase renovation materials and meet the labor cost for the renovation. Even when you complete the upgrades, you will need money to put your house to the market. You will need to pay realtors helping you to sell the house and even pay for the closing costs.

Where to get financing for the fix and flip projects in Illinois

House flippers in Illinois have a variety of financing options for their projects. Some starters may consider getting a traditional bank loan to finance their fix and flip project. However, experts warn against going to the banks to get a loan to finance a fix and flip project. Here’s why.

Most of the house flippers are short-term real estate investors, and their incomes are usually seasonal. So, most of the banks won’t consider your application for a business loan to finance fix and flip project. Even when the bank agrees to offer you a business loan, their product might be costly and unaffordable. Additionally, most of the bank loans are long term, and house flippers are usually in business for just a few months.

Hard money loans for the fix and flip projects

House flippers usually look out for an alternative considering the many challenges of accessing bank loans. Hard money loan is one of the easiest ways to raise capital for house flippers. Hard money loan refers to short-term funding secured by real estate and used by investors to purchase and renovate a house. Investors use hard money loans to buy, renovate, and sell the houses within a year.

Getting a hard money loan has several advantages. Firstly, the loan can be used to finance a property in poor condition. These loans also have lower qualifications for approval compared to traditional bank loans. What’s more! An investor can access the funds with fifteen days of application. The lenders are not interested so much on borrower’s background but the value of the property.

Commercial Construction Loans Explained
At some point, growing businesses expand to the point that they need to build new facilities or at least update existing ones. For example, one business owner might want to operate out of their own office building instead of renting commercial space; another might want to build a new manufacturing area to keep up with increasing orders. Whatever the reason, when spending money on real estate development is the next step in an organization’s evolution, a commercial construction loan can help get the project done.How commercial construction loans are different

With a traditional loan, the entire amount amount being borrowed is given from the lender to the borrower in a lump sum to be paid back at interest over a fixed period of time. With a commercial construction loan, the lender gives money for each phase of the construction project at hand while making an inspection at each step to determine that the money is being used wisely. For example, a certain amount of money might be loaned out to prepare the construction site, then, if that goes well, another payment is given to complete the foundation of the building, and so on until the project is complete.

As the construction occurs, the borrower is only responsible for paying back the interest on each step of the loan. Once the project is complete, generally the borrower gets a mortgage where they can pay back the principle of the loan over time with the completed building as collateral, or they can pay it off in one lump sum if they have the money to do so. Commercial loans are given for renovations, expansions, buying land and pretty much any other type of construction or real estate project.

Interest rates and other costs to borrowers

A commercial construction loan is a high-risk type of loan, so interest rates are not always cheap. In fact, borrowers should expect to pay interest rates at between four and 12 percent, and the better the borrower’s credit rating, the lower the interest rate. Because there is a lot of oversight and processing required on the part of the lender, there are usually a number of fees associated with a commercial construction loan. These include project, fund control, inspection and documentation fees.

Another major expense associated with a commercial construction loan is the down payment, which takes some of the risk off of the lender. In general, the down payment is between ten and thirty percent of the project; it is rare for a lender to provide the money for all of the costs.

Who qualifies

Not just any project will be green-lighted by a financial institution for a commercial construction loan. For starters, lenders look at an applicant’s credit score and are usually looking for a number at or above 600, depending on the circumstances of the application. The credit score of the business itself, if applicable, will also be used as a criteria. Furthermore, lenders want to see that the applicant has a low debt-to-income ratio, which is the relationship between how much money the business owes to how much it is taking in.

Lenders are very careful in determining eligibility. Applicants should be prepared to submit not only a detailed description of their business and its financial health but also of the proposed real estate development. It generally takes at least a few weeks to process a request, and supplemental documentation may be required during that time. In conclusion, taking on new real estate development is big step, but a commercial construction loan can make it happen.

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.

"Super fast, and super courteous, Delancey Street is amazing"
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
$250,000 Hard money Loan

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