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Delancey Street Helps Business Owners Regain Control

Each year 10's of thousands of business owners struggle.

Join The Program

Fill out our contact form. We'll reach out and conduct a thorough assessment of your situation, and how we can help you. Our goal is to understand your situation, and determine if our program is the right for you, and the type of debt you have.

We Work With You

Once we determine our program is right for you, we start working on your behalf. We conduct a thorough evaluation of the type of debts you have, and put together an action plan on what a realistic, and beneficial outcome would look like for each debt.

We Get Results

The final step is the most important, we restructure your debt and put you in a better position than we found you. We work with you to adhere to the new debt restructuring program, and are with you every step of the way to make sure your business is thriving.

Program Results

$450K Merchant Cash Advance

Extra 24 Months

Transformed into a monthly payment, and extended by 2 years, with a 15% reduction in balance.
$110K Merchant Cash Advance

55% Reduction

Transformed into a monthly payment, and extended by 2 years, with a 55% reduction in balance.
$100k Business LOC

50% Redution

Our client had an LOC with a MCA hybrid lender, and saw a drastic reduction in balance.

How We Help

Business debt settlement through Delancey Street involves restructuring your corporate debt, in a manner that allows you to keep your doors open, and results in an increase in cashflow.

Get a affordable plan that works for your business cash flow as a part of the debt settlement process.

Get potential resolutions with Delancey Street in a timely and effective time frame once you enter our debt relief program.

You Have a Powerhouse team of financial and legal experts on your side, advising you on how to interact with predatory creditors.

5 Star Google Rating trusted by 100's of people who are struggling with business debt.

Is Debt Settlement or Debt Consolidation Better for My Business?

Debt Relief Options for Small Businesses: Settlement vs Consolidation

When financial struggles hit, small business owners have limited options. Seeking debt relief through settlement or consolidation can help, but each comes with pros and cons. Understanding the key differences is crucial when deciding which path to take.

The Debt Settlement Approach

Debt settlement involves working directly with creditors or through a settlement company to pay off debts for less than the full amount owed. This reduces principal balances but can seriously damage credit scores.

Pros of Debt Settlement

Pay off debt for pennies on the dollar
Avoid bankruptcy completely

Cons of Debt Settlement

Hurt credit scores and rating
Taxed on forgiven debt
No guarantee creditors will settle

Settling debt yourself without a company involves stopping payments and trying to negotiate discounts. Using a settlement company costs between 15-25% of enrolled debt but they negotiate on your behalf.The risks are high with settlement, but for businesses facing unmanageable debts it can provide relief. Be prepared for credit damage and tax bills if creditors agree to settle.

The Debt Consolidation Path

Consolidating business debt combines multiple balances into one new loan with better terms. This simplifies payments rather than reducing debt amounts.

Pros of Debt Consolidation

Lower interest rates save money
Simplify multiple payments
Can improve credit scores

Cons of Debt Consolidation

Need good credit to qualify
Debts not reduced
Fees can be high

Consolidation loans require strong credit, scores of 680+ typically. Options include banks, online lenders, credit unions, and peer-to-peer lending. Balance transfer cards are another consolidation method.If your business can qualify for good rates, consolidation keeps credit intact while providing an easier path to pay off debts in full over time.

Key Difference: Credit Score Impact

The crucial difference between these two debt relief strategies is the effect on your credit. Settling debts almost guarantee score damage from late payments, defaults, and settled accounts on reports.

Consolidating leaves credit records in good standing and can actually improve scores. This matters hugely for small business borrowing needs going forward.

Which is Better For My Business?

Choosing between debt settlement versus consolidation depends largely on your credit score and ability to qualify for affordable loan terms.If your business credit is solid, consolidation makes sense to streamline debts into one manageable monthly payment. This allows you to pay off balances in full without damaging scores.However, if your business credit is already suffering and you can’t qualify for decent consolidation rates, exploring settlement may provide more relief. Just be prepared for the credit score hit.Also consider alternatives like creating a debt management plan through a nonprofit credit counselor. Or restructuring debts through Chapter 11 or Chapter 13 bankruptcy protection while keeping business operations running.

Getting Started

Before deciding between settlement and consolidation, get expert advice specific to your situation. At Delancey Street, our dedicated debt specialists provide custom relief solutions to business owners nationwide. Get your free debt consultation to explore all options.

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"
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
$350,000 MCA Restructured Over 2 Years

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
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Delancey Street simply gets it. You're talking to experts.
Steven Norris
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