What is an asset based loan? An asset-based business line…
Small Business Loans Oklahoma City
If you’re a small business owner in Oklahoma City, you’ll be happy to know that Delancey Street has many loan options for you. The company specializes in bad credit small business loans. You’ll be able to complete projects, make upgrades, pay bills, and anything else you may need financing for. We have options if you’re unable to qualify for traditional financing or have been turned down by other lenders. Our dedicated staff also works to make sure you get your money fast. We’re often able to provide funding in as little as two days with our many different loan options. Some of the loans currently available to our Oklahoma City small business owners include:
- Invoice factoring loans
- Merchant cash advances
- Hard money loans
- Private money loans
- Business lines of credit and more
Delancey Street Makes Applying Simple
Our application process is streamlined so you’ll have the best and fastest experience possible. The first step is to put your requests on paper. This can include revising your business plan, providing invoices, payroll records, or anything else that’s helpful for our loan professionals to assess your needs. It’s also helpful to have a loan amount in mind. If you need assistance in creating a plan, you may want to seek the advice of a colleague or hire a consultant to assist you. For a small fee, many of these professionals will be able to help you prepare a great presentation that will assist you in getting approved. You’ll also want to anticipate any questions or concerns that may arise. The more information you have, the better it is to obtain your approval in a timely manner.
Delancey Street Works with Many Types of Credit
Since we have so many options for bad credit small business loans in Oklahoma City, we’ll be able to find a solution for your needs. Although credit isn’t always a determining factor, it’ll most likely still be taken into account. Getting reports ordered for both business and personal credit will help you assess the situation. If you’re able to resolve any credit issues prior to applying, you’ll most likely have more options available and better terms. If you’re unable to clear up these items, it’s also helpful to have explanations regarding each negative item. This helps our loan professionals understand the entire financial situation to determine the best course of action.
Other Financial Documents to Submit
You may be asked to provide both personal and business financial statements. This is especially true if your business and personal finances are combined. Bad credit small business loans take the entire scenario into consideration. Bank statements, tax returns, invoices, other loan documents, and several other similar items may be helpful. It’s best to submit as much documentation as possible at the time of application. This not only helps to make a determination, but it also makes the processing time much faster. It’s important that you submit any documentation that’s been requested as quickly as possible. Waiting on documentation is typically a reason for delays in funding.
Getting Approved and Making Payments
After you’ve received the final approval, you’ll be scheduled to attend a settlement. This process entails signing the final documentation and an explanation of the exact terms of the loan. You’ll have the opportunity to ask any final questions you may have at this time. Since a loan is a legally binding contract, you’ll be responsible for adhering to its terms. After you’ve been able to successfully establish a stable payment history, you’ll be well on your way to improving your overall credit. We’ve helped many small business owners in Oklahoma City improve their financial situation. We’ll be happy to take a look at your information and see what we can do to help. Get in touch with Delancey Street today and get the loan you need for your small business to excel.