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

New Jersey Small Business Loans

New Jersey Small Business Loans

The first or even third time you apply for a New Jersey small business loan can be a harrowing experience. This is especially true for first-time business owners who may not know exactly what they are getting into. It’s very important to know what you will be faced with when you apply for a loan before you actually apply. There are a number of factors that will affect the loan process, and some of these factors can be worked on beforehand.

Understanding Financing
Before you fill out that New Jersey small business loan application, know what kind of financing you will need. Many business owners need a loan from an actual lender, while others can make due with a business credit card. You should always be prepared with facts about each avenue before you make the final decision concerning your finances.

Credit History- The First Step
A lender, whether it is a personal lender or a business credit card company, is going to look into your past credit history to ensure you have a history of paying your bills. After all, no lender is going to want to lend you money if you have a history of skipping out on your financial obligations. A credit report is what will tell a lender if you are a good match for their type of loan. Your score will give them a jumping point for the loan. Additionally, even if you have good enough credit to be approved for a New Jersey business loan or credit card, the score will also affect the various loan terms once you receive it. Improving your credit history before you apply for a business loan is the best possible course of action.

Personal Credit Scores
Too many business owners do not realize that their personal credit score matters to lenders. Your past and current credit history will show lenders whether or not you are the right fit for a loan. Paying your bills on time, especially paying more than the monthly minimum, will give you a better chance of securing the loan you want. Lenders do look at your personal scores, so make sure you keep that number as high as you possibly can.

Business Credit Scores
It is important to keep your business and personal credit scores separate. This is sometimes easier said than done, especially for first-time business owners. The problem occurs when the person then tries to apply for a New Jersey business loan. Even though a lender will look at your personal credit history, it does not hurt to keep things separate, especially when it comes to taxes. Again, keep your business bills paid in order to put yourself in a better financial position to receive a loan when you need one.

Your Credit Score
You can access your credit report for free, thanks to the Fair Credit Reporting Act. Don’t let surprises on your report hinder you from getting a business loan when you desperately need one. There are many websites that offer free reports, such as freecreditreport.com and Credit Karma. Knowing your score will give you the incentive to fix any credit problems which will hopefully improve your chances of a New Jersey business loan.

Tips on fixing your credit score:
Check for errors- Did you pay a creditor off years ago, yet it is still listed as unpaid? Contact the creditor to remove any errors you find on the report.
Take care of debts now- It’s never too late to pay off your creditors. Taking care of your past-due debts will increase your score.

Pay your tax liens- If you are dealing with any tax liens on your report, pay them off as soon as you can. You can usually apply for a payment plan, but if you can pay them off in full, even better.

Remember, it is important to fix your past credit problems in order to improve your credit score. But don’t stop there- continuing to pay your bills on time will keep your credit score where you need it to be.

Explaining Your New Jersey Loan Request
You’ve fixed your credit- now what? Hopefully, you are all ready to apply for the actual business loan. There is another step to take before you talk to a lender, and that is drafting a business budget. For example, are you planning to ask for $100,000? First, write down everything you plan to do with the money once you are approved for the loan. If you will be spending it on all new equipment for say; your restaurant, get estimates on each piece and labor costs. You’ll want to show the lender exactly what your plans are for the money. Don’t worry about being exact with your figures, but it is a good idea to be in the ballpark.

Prepare the Appropriate Financial Statements
Now it’s time to prepare your financial statements for the lender. You’ll want to have current copies of your:
•Income Statement
•Cash Flow Statement
•Balance Sheet

Having the proper financial statements allows you to answer the questions the lender will no doubt ask. They will want to know where you are getting the money to run your business right now, how much it typically costs to keep your business up and running, and whether or not your business is making a profit.

If you are currently struggling, make sure you have a solid plan that will showcase your goals and ideas. You want the lender to see that you know what can be done to improve your business and bring in money.

Preparing the Right Documents
Most business loan lenders will want to see the following documents before they consider you a candidate for their loan:
Financial Statements- A lender will want to see your balance sheet and income statement for the past two years you have been in business
Accounts Payable and Receivable- Prepare a breakdown of the money that your business owes and what is owed
Tax Returns- Most lenders will want to see your past tax returns, up to two years back

Your Offer is Ready
Now that you have an offer for a loan, remember that there will be an interest rate you will be responsible for. Every year, the lender will charge you for a percentage that is based on the principal loan amount. Make sure to budget this into your future financial plan.

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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