DELANCEY STREET

Here's Who We Are

We're a Direct Lender

We’re a direct lender who funds small business owners nationwide, regardless of industry, credit, or time in business. We fund it all. GUARANTEED.

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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.

Apply

Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.

Approval

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 Funded Business

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

Invoice Factoring Distributors

You may have heard of invoice factoring before. This financial solution involves selling your company’s open receivables to a factoring agency in exchange for ready cash. This eliminates the need to wait for customer payments. The immediate cash available from invoice factoring gives you working capital to get caught up on bills, pay your employees, and keep the doors open.
Here are just a few of the benefits your company would receive if you used invoice factoring:
An easy transaction
Access to immediate cash
Financing based on your customers’ credit
No additional debt
Eliminates the waiting time for customer payment
Factoring your open invoices does not increase your debt level, yet it offers you immediate cash to operate and grow your business. Your business credit is not part of the factoring process. The cash generated by factoring comes from the credit and payment history of your customers. This makes invoice factoring a good alternative for those who don’t qualify for traditional lending or don’t want to take on additional debt.
Invoice Factoring Agreements
Before you can start using invoice factoring, you need to find a factoring company and enter into an agreement. The factoring agreement is the basis on which the process works. It is a business contract that outlines certain requirements:
How long the agreement will last
The volume of receivables that you will send to the factoring company
The percentage that will be paid when an invoice is submitted (advance rate)
The fee to be paid once the customer pays an open invoice (factoring discount)
The Length of the Factoring Agreement
Factoring contracts can last for a few months or stretch out for several years. It all depends on the agreement made between the factoring company and the client. Some companies, like TCI Business Capital, offer month-to-month contracts to help meet customer needs.
The Factoring Volume
To receive the maximum cash advances and the lowest factoring fee, you will need to agree to factor a minimum volume of open invoices. This is the factoring volume.
Advance Rate
When you turn over an invoice for factoring, the factoring company will advance you a specific percentage of the invoice’s face value. That can start at 70 percent and go as high as 90 percent. The exact amount advanced will depend on the volume, payment trends, and how creditworthy your customers are. TCI Business Capital can offer you competitive rates.
Fees for Factoring
When a customer pays an open invoice, the factoring company will deduct a factoring fee then send the balance on to you. The exact fee will vary depending on your factoring volume, your industry, payment trends, and other considerations. Some agreements call for a flat fee while others can include additional fees for administrative and support services.
The Invoice Factoring Process
Once you have a signed agreement with a factoring company, the process for factoring invoice is fairly straightforward.
Your company generates an invoice for services rendered or products bought.
Instead of sending that invoice to the customer, you send it to the factoring company.
The factoring company can purchase that invoice.
The factoring company pays the advance rate (70% to 90%) to your company. That amount gets deposited to your bank account within 24 hours.
When your customer pays the invoice, the proceeds go to the factoring company first.
The factoring company takes the factoring fee from the proceeds.
The remaining balance gets deposited into your bank account.
Invoice Factoring vs Traditional Business Loans
Many business owners automatically turn to banks to get a loan for working capital. While the traditional route, business loans are not the right choice for many companies.
The process of getting a business loan is not easy. It requires submitting reams of financial statements, then waiting weeks or months for a decision. A bank loan adds debt to your company’s balance sheet. That is if you even get approved for the loan at all.
Banks require near perfect credit before they will make a loan offer to any business. If you have no business credit or credit that is less than perfect, your company will not get approved for a traditional bank loan. This can hinder growth plans and make it difficult to make strategic moves.
Invoice factoring is not nearly so difficult. it is easy and quick. It can take as few as 15 minutes to get your company approved for factoring. We also offer factoring lines anywhere from $50,000 to $20 million.
Invoice Factoring Companies Come in Multiple Varieties
Selecting the right invoice factoring company is critical and not a decision that should be taken lightly. The right partner can meet your cash requirements while understanding how factoring can help your business. Factoring agencies also offer other services that can add value to the relationship.
Specialist vs Generalist
Factoring is useful in many industries. Because of this wide pool of potential business, factoring companies have gone in two directions.
Some factoring companies provide invoice financing to multiple industries. These companies are generalists. The majority of their customers are smaller companies.
Other factoring companies provide invoice financing in a specific industry or a tight set of related industries. These companies are specialists. They serve small to medium businesses from their niche industry.
Recourse vs Nonrecourse
Another differentiation between factoring companies is whether they offer recourse factoring or nonrecourse factoring.
Recourse factoring is by far the dominant option offered. Recourse factoring allows the factoring company to sell an invoice back to you if the customer fails to pay within a certain time period, usually 90 days or more.
Non-recourse factoring is far less common. If the factoring company takes on an invoice, they take on all the risk. If a customer fails to pay, the factoring company cannot sell the invoice back to you. Non-recourse factoring involves higher fees and more creditworthy customers when compared to the more common recourse factoring.

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"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
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