High Risk Business Loans

Small business owners can use loans to grow their business. You can use the funds however you wish.

1

Cover Expenses

Pay for any unexpected expenses that arise using our business loans.

2

Invest in your business

Use the business loan to grow your business however you wish.

3

Liquid

Keep the cash on hand for future expenses.

4

Payroll

Use the business loan to pay your employees.

5

Equipment

Buy new equipment to grow your business.

6

Staff

Use the business loan to hire new employees.

We Fund Fast

24-48Hrs

Loans up to

$ 10 Million

Google Rating

5 Stars

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Delancey Street Can Help
with Small Business Loans

We're committed to building relationships and helping people all over the USA get access to the RIGHT loan for them. Regardless of your credit, or the riskiness of your industry.

Trusted

We're frequently interviewed by major media organizations.

Easy Application

All it takes is one application, and we handle the rest for you.

Service

Service is key. You can ask for advice on ANYTHING and we'll bend over to help.

Experts

Many of our team members are former business owners, and understand your challenges.

Customized

We customize each loan for you, and to your unique specs. Everything is customized.

Universal

We help virtually any industry, any business, anywhere in the USA. It doesn't matter.

Nationwide

We fund business loans nationwide. It doesn't matter where you are, we can help you.

Honesty

This is crucial, and critical. We are 100% honest with our clients, and never strive for less.

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

We’re here to answer your
questions. Contact us anytime:

Minimum Qualifications Requirements

Delancey Street’s team consists of former business owners, and entrepreneurs. We understand your business has unique needs, and not every project is going to be easy and be ideal. These are general guidelines which should be interpreted as a suggestion, rather than mandatory.

At the end of the day, we look at you – just as much as the quality of the deal and the qualifications.

  • Risk Free. No Application Fees.
  • Decisions Within 48 Hours.

Business Loan Guidelines

Speed We close within 24-48 hours
Paperwork Not much
Qualification 3 months in business minimum. Credit isn't a huge issue.
Maximum Loan Amount $5 Million
Loan Terms 6-24 Months

It’s Simple

  • 1 Tell us your financial request
  • 2 We consult & provide terms
  • 3 We finalize the transaction

Get funding today

  • Apply today and we'll tell you what you qualify for
  • No obligation and no effect on your credit score
Get pre-qualified today

High Risk Business Loans

High Risk Business Loans Are Possible with Delancey Street

High risk business loans are typically business loans which are offered to businesses who have poor credit or no credit. Because of this, lenders look at the loan as a very high risk loan – and sometimes will reject it. The loan is based on the business’s credit history, negative marks on their credit report, or other issues which may impact the lender’s decision to offer the loan. Generally, high risk loans get smaller loan amounts at higher interest rates.
What makes a borrower a high risk?
High risk business owners have some combination of low credit score, recent issues with their credit history, no business credit, poor cash flow, industry volatility, etc. For example, there are many industries that are considered high risk, such as the trucking industry, or home improvement, etc. Generally, a business score below 650 is considered to be high risk. If the business is less than two years old, this is another factor which makes the business high risk. Any business owner who has any combination of these issues should consider speaking to us in order to get qualified for a loan.
If you’ve considered opening a small business, you’ve taken a big first step. Small business owners enjoy the freedom of doing something they love for a living. Providing a valuable service or product is a noble effort. A small business loan is often one of the first tasks in establishing or growing your business. This informative article will provide you with information on how to obtain a small business loan. Some available options will also be reviewed.
Creating a business plan is essential:
If you’ve already created a business plan, you’re ahead of the game. If so, have a peer or expert in the business review it for you. When applying for a loan, you’ll have to be able to clearly articulate how the plan will play out. It’s also good to provide some visual representations to bring your ideas alive. If you have yet to create a plan, there’s a wealth of resources available to help. Online courses, videos, books, and even courses at local libraries are often resources that are available. If writing isn’t your forte, there are consultants and professional writers that can help. It’s important that you specify exactly what you’re looking for to avoid confusion and additional work. Once you have your business plan, you’ll want to prepare a presentation and anticipate any questions that may arise. Lenders will often go over the plan with a fine tooth comb. Being prepared can make the difference between an approval and a denial.
Reviewing your credit is strongly recommended:
If you’ve ever applied for a mortgage, you know firsthand how intense the loan process can be. The lender is taking a significant risk by investing in an idea and you as a business owner. They must feel confident that you’ll be able to perform up to expectations to eventually make a profit. Your personal credit will be one of the first things they’ll review. While your credit isn’t the sole indicator as to how you’ll perform, it’s a strong indicator as to how you’ll handle the business’s finances. If you have credit issues, you’ll want to fix them before applying. If you’re unable to fix them, you should consider hiring a credit repair company to help. While there are options available for those with poor credit, it’s always to your advantage to fix it to open up more options.
Small Business Administration loans are a great tool for conventional borrowers:
The SBA provides economic opportunities for many people every day. Their small business loans are the backbone of many companies. They also provide grants and incentives for those who are in need and demographically challenged. The SBA loan process is a thorough and conventional one, however. For those who have strong credit scores, assets, and a solid business plan, these are great loans. For those who are credit challenged without significant compensating factors may find difficulty in obtaining an SBA loan. Banks provide these loans and are eager to do so because they’re backed by the federal government. This significantly reduces the risk to the lender. Conventional underwriting guidelines must be observed and tend to be more rigid than with other types of loans.
For those who are credit challenged:
If you have poor credit, there are still other options available. Venture capital and private equity firms have grown in recent years. They’ll invest a significant amount of money into your business for partial ownership and control. This means that the business plan is a key factor in getting approved. It’s almost certain that they’ll require an in-person and thorough interview. Often times, this is with an entire panel of executives who’ll discuss your plans. They’ll ask lots of questions and expect good answers. Confidence is half the battle in getting approved with these firms. Also, a contract will outline the terms of the agreement, so you’ll need to hire a lawyer to review it. Since partial control is assumed, the owner must occasionally yield to the investor’s wishes, whether they agree with them or not. This is a great option for those who are willing to give a little in hopes of big returns.
Options for existing businesses:
If you’ve already opened your business but need funding, you’ll have even more options. A business line of credit is a popular choice for businesses that experience cyclical slumps or cash flow issues. The underwriting is conducted prior to approval and the owner can withdraw funds in a hurry. This can be a huge benefit for many small businesses, where events can happen quickly. The interest rates and terms also tend to be better than other alternative loan products. However, the entire interest amount must be paid even if the money is never used. Regardless, the convenience and cost savings factor tends to outweigh the interest charges for most small business owners.
Invoice factoring is a relatively new concept in business lending. With these loans, the outstanding receivables balance is used to secure the loan and determine the loan amount. The company will typically have to provide some evidence of a good receivables history. However, the underwriting times and quick funding provides a significant advantage over a conventional loan. Since the business’s credit is used to qualify, it also takes some stress off of the owner’s shoulders.
Merchant credit advances are very similar to invoice factoring. A cash advance is provided on processed credit transactions. While this is a convenient option that has very little underwriting criteria, it can be one of the more expensive options. The loan amount and fees are simply reduced from the amount that is paid out to the merchant normally.
Alternatives to high risk business loans
Many traditional lenders, like banks, don’t lend to businesses with little or no credit. There’s a number of alternative lenders that can fill the void and help you. For example, you could qualify for a secured loan where you offer business inventory, equipment, auto titles, or other forms of property as collateral. This secures the loan in the event you default on the business loan.
Another way of getting a loan is getting a co-signer. For example, some banks and traditional lenders may approve your business if you have a co-signor who has good credit which will guarantee your loan. If your friend, or family member, believes in you and your business – they can co-sign the loan and take the risk.

Do you need a small business loan?

Apply now