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

Kentucky Fix and Flip Loans

Renovating and flipping homes is a wonderful way to make money in Kentucky. Once you find a property in the area you like, you will need to find a way to finance your project. The key to finding good financing is knowing what you will need and how much time the transformation will take from start to finish. While you can’t assume your renovated home will sell in a certain amount of time, you can make a good case for your project based on comps (comparable homes for sale in the area) and a solid plan for your renovation.

The costs of flipping a house are:

  • Buying the house
  • Materials
  • Labor
  • Expenses while you renovate
  • Agent fees for listing and selling the home
  • Closing costs

A business plan is necessary for any lender to take your project seriously. This plan should detail every step of your house flip from beginning to end. You should also have all the information on everyone that is helping or working on the project. Try to think ahead about the questions that a lender is going to ask and answer them in your business plan. Your plan should include information about the property, comps, a timeline of the renovation, the neighbourhood and financial details. You will also present lenders with a current valuation and an estimate of the value after your project is finished. The lender may also question what you are going to do if everything doesn’t work out?

Get an appraiser and contractor to work with you as you put together your business plan. You need figures on how much everything will cost during the renovation, how much the home is worth and what the value will be when you are done. These figures are important to the lenders and to estimate your profits.

Funding Your Fix and Flip:

  1. Present Your Plan to Friends or Family Members

    If you have a good plan, share it with your friends and family first. You may get several people to back your project together as a short-term investment. Funding can come from unlikely places like social media or even someone that wants to make a quick investment in your community. Real estate is usually a profitable investment pay attention to when they want to make a return. The more information you have, the easier it is to get people to fund your project. Once you have one done and you can show results, you may get people who want to invest again.

  2. Partners

    Partnering with someone in the community is a clever idea for beginning real estate investors. If your partner has experience, you can learn a lot from them and with your first home. You can do the project together or have them fund it while you renovate the home.

  3. Get a Home Equity Loan or a Home Equity Line of Credit

    Many first-time real estate investors finance the first project by taking out a home equity loan. A loan gives you a bulk sum, while a line of credit is something you take money from as you need to use it.

  4. Get a Personal Loan

    A personal loan can have okay interest rates, but it takes years to pay them off. Check your credit and what your rates will be with by talking to a bank or lender. Usually, this is only part of what you will need, which is why many real estate investors use multiple lending sources.

  5. Can You Borrow Against Your 401k?

    Check your 401k and see if you can borrow against it. Many times, you can borrow around 50% of your loan. Consider it the same type of funding as a traditional loan and replace it as soon as your house sells.

  6. Owner Finance

    If the seller of your home sees your business plan, they may be willing to owner finance the home with a balloon payment. Consider other owner finance properties for your first-time project and pay the seller off when your home is sold.

  7. Hard Money Loan

    A hard money loan usually is more forgiving on credit and qualifications but may have higher fees and interest than a traditional loan. The lender considers potential and you usually pay this type of loan back in a year.

  8. A Business Line of Credit

    If you have excellent credit and your business is profitable, you may qualify for a business line of credit that you draw on when you need it. You usually need a portfolio and proof that your business has a stable income of profitable transactions.

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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If you have questions, feel free to shoot us an email, or fill out our live chat.

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