Invoice Factoring Long Island

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

Invoice Factoring Long Island

Your business needs cash to run. Sometimes, you can end up with a cash flow issue when clients forget to pay their invoices. While you can apply for a loan at your bank, it can take weeks or months to get approved. You need an immediate solution to your cash flow problem. For many businesses, invoice factoring is a useful option.
Factor invoicing basically involves getting an advance on your future invoices. The factoring company agrees to advance cash to you right now. In return, they recover that advance from your invoices. Anything that is left after repaying the invoice and taking a small fee is returned to you. In essence, you are pre-paying yourself for future invoices. It takes less than 24 hours to get this funding. As soon as the money is in your account, you can use it for bills, payroll costs, operating expenses or anything else your company needs.
The Advantages of Long Island Invoice Factoring
Businesses need access to funding if they want to keep operating. Invoice factoring is one way to get cash right away. You do not have to wait for a bank to tediously sort through your paperwork, review your finances, approve the loan and finally give you the money. Plus, invoice factoring is not a debt or a loan. It is a pre-payment for your invoices, so it does not go onto your balance sheet as a debt.
Quick cash: This is one of the top reasons why businesses use this funding style. They need immediate cash. A bank could take weeks or months to give you a line of credit. With invoice factoring, the cash is available right away.
No wait times: If your business is struggling to cover payroll costs, you cannot afford to wait a few weeks for your loan to get approved. You also cannot afford to wait for a client to finally pay their invoice. Invoice factoring lets you get added financial flexibility without any wait time.
Easy transactions: It takes just 15 minutes to apply and get approved. Once you are approved, the cash is in your bank account in as little as 24 hours.
Not a debt: One major advantage of this funding style is that it will not add a new debt to your balance sheet. It is a pre-payment for your future earnings and not a loan.
Credit scores are not an issue: New businesses may not have a long enough credit history to get a loan. Other companies struggle to get funding because they have a bad credit score. For both types of companies, invoice factoring is an alternative option. You are given funding based entirely on your invoices and your customers’ creditworthiness.
How Long Island Invoice Factoring Works 
The first step in the process is to contact a factoring company. Keep doing your normal work. After you are approved, you sign an agreement with the company. This agreement details the timeline for repayment, the amount of the advance and similar topics. Then, the factoring company collects invoice payments for you. You immediately get sent the cash you need.
As the invoice payments roll in, the company gets repaid for the advance and takes a small fee. Any extra amount is returned to you. In most cases, you can get a cash advance of about 90 percent of your invoice total.
How Does This Compare to a Bank Loan? 
If you have the time, credit score and business history to qualify for a bank loan, then go for it. Every kind of financing has advantages and disadvantages. You can get a line of credit or a loan from your bank, but it can take weeks or months to get approved. Normally, they will require a high credit score as well. If you do not have the time or the credit score, then a bank loan may be the wrong choice for your business.
You should also remember that a loan or credit line will limit how much cash you can get. Invoice factoring lets you get $50,000 to $20,000,000 in funding right away. The entire process takes just 15 minutes.
What Is in the Agreement? 
Your factoring agreement will depend on the provider and your company’s features. It always includes the length of service, which can range from three months to multiple years. This agreement will include a volume commitment for the number of invoices you provide. If you have a higher volume, you can lock in a lower rate and a larger advance.
The agreement will cover the factoring discount. This is the fees charged for your advance. In addition, the agreement will discuss your advance rate. The advance rate is normally 70 percent or higher. It is based on the invoice volume, your customers’ creditworthiness and other factors.
What Are the Types of Factoring Companies? 
A recourse company offers to sell the invoice back to your company if the payments do not arrive. While a non-recourse company writes off unpaid invoices as a loss, they also charge a higher fee for this service. You can also use a factoring generalist or specialist. A specialist works with one main industry, but a generalist will have clients from many types of companies and industries.

Do you need a small business loan?

Apply now