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

Cell Phone Dealer Small Business Loans

Cell Phone Dealer Small Business Loans

Many new and aspiring business owners find themselves wondering if they really need a small business loan. The answer to this question is quite simply, yes. Small business loans not only help you get your business off the ground, but they’ll also help to keep your business running smoothly. Many times, new business owners will assume that the savings they have already will keep their business afloat. They might even factor in a little extra cash for unexpected costs. However, many new business owners miss and underestimate costs. This article will address the different types of business loans and how to get approved for them.
Business loans come in all different shapes and sizes.
Most business owners are familiar with Small Business Administration loans. These loans are funded by banks and credit unions. They offer lower interest rates and guaranteed terms. They’re also standardized, so cookie cutter underwriting guidelines make the process rather straightforward and transparent. An interview with a bank loan officer is always required. You’ll need to demonstrate that you have a solid business plan and are a reasonably safe risk. The downside to these loans is that they’re more difficult to qualify for if the borrower’s credit history is below average. The other consideration is that these loans will often require that use some type of collateral to guarantee the loan. Another benefit, however, is that they’re insured by the government. It’s important to know your business plan inside and out. If you can’t convince the interviewer that you have a solid proposition, the chances of being approved go down significantly.
Crowdfunding is a relatively new type of loan. This is when a group of investors pools their funds to finance a business. As with SBA loans, they’ll want to make sure that you’re a decent risk. The benefit to these loans is that personal credit isn’t scrutinized quite as much. However, these loans will most likely not have terms that are as favorable as a bank. They’re also unlikely to be flexible if you’re unable to repay the loan. The business plan must be airtight. These investors will most likely be seasoned industry professionals. They’ll most likely be apprehensive to trust someone who doesn’t have any experience in the proposed business. This is a good option if more traditional options are limited or impossible.
Private investment and equity firms are also alternative loan sources. The underwriting with these loans is most likely to be among the easiest. However, your credit will most likely play a part in their decision-making process. Typically, you must be willing to give the firm equity in your business. This means that they own a certain percentage of the business. If the business is sold or bought out, they are guaranteed to receive money from the deal. The terms of these loans are rather varied, so you’ll definitely want to shop around if considering this option. Since there will most likely be a rather complex contract, hiring an attorney is a must. This is an option to consider if you’re unable to get approved for an SBA loan due to credit history or have limited assets.
Established businesses have a few more options available to them. A business line of credit is sometimes beneficial if there’s no immediate need for funding. This loan offers quick funding when the credit needs to be utilized. The interest rates are almost always considerably higher than an SBA loan, so careful consideration must be given to this option. Credit and profit and loss statements are typically heavy factors in getting the loan approved. Businesses with poor credit are unlikely to be approved for this option.
Invoice factoring or financing is another option. With this loan, funding is provided on sales that have been invoiced but not repaid. You’ll have to provide information on your receivables that are able to be verified. The draw to this option is that credit isn’t given nearly as much consideration as with other methods. The interest rates and terms are reflective of this. This is a great option for businesses that require quick funding and don’t want to go through a lengthy and complicated approval process.
Merchant cash advances are perhaps the newest form of small business loans. With this type of loans, the business is paid based on already processed sales. While this is a great option for businesses that are doing well, it’s not for underperforming businesses. Another benefit is that the business owner doesn’t always have to repay the debt at a later date. This is a solid option for a business that may have credit issues or anticipates a sharp increase in business.
Tips for improving credit:
Having a good FICO score is a huge benefit to a business owner. Personal credit is almost always used when underwriting a small business loan. Credit monitoring services should be utilized to make sure the owner is aware of what their financial position is. If poor credit stands between you and a loan, there are options. Credit repair companies can be worth their weight in gold for the small business owner. For a small fee, the agency will dispute items on your credit report for you. If you don’t want to pay for the service, you can dispute the items with the credit bureaus directly. It’s important to note that the agencies will have much more experience in dealing with the credit bureaus. For this reason, the chances of having negative items removed are much greater.
After you’ve decided on a small business loan:
If you’ve already applied for a loan, stay on top of the approval process. Having documentation ready is one of the best things you can do. After the loan is funded, ensure that the payments are being processed and received on time. These simple steps will keep you abreast of any issues and increase the chances of being approved in the future. Getting a small business loan is easy with a little tenacity and due diligence.

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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