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

Nassau County Small Business Loans

Nassau County Small Business Loans

Many small business concepts never make it out of the garages and home offices they start in due to a lack of funding. This is because the process in which you acquire a business loan is a long and strenuous. There are three primary steps:

  • Deciding you will seek a small business loan
  • Seeking financing
  • Arranging everything needed to complete the loan application

While it seems pretty straightforward, it takes wisdom and foresight to understand how to approach each of these three steps.
1. Do Your Homework Before Applying
Before you fill out an application, it’s important to create a solid foundation to your small business financing endeavor. There are a few tips to follow that can improve your chances of getting the financing you need with terms that won’t break the bank.
2. Analyze Your Options
One of the best things about the Internet is that it makes it easier than ever to browse your options in both products and services. All it takes is a quick search, and you’ll soon be bombarded with a variety of options. Some of these include:

  • Term loans
  • Business credit cards
  • Small business loans
  • Invoice financing
  • Angel investments

As you consider each option, familiarize yourself with the potential pitfalls. Yes, there are pros and cons to just about any offer, but some are simply better suited for you and your unique circumstances.
3. Evaluate Your Credit Score
Your credit score is about to become incredibly important if you’re seeking a small business loan. Potential lenders need to get a feel for your financial background, and they’ll look at both your personal and business credit scores to evaluate the likelihood you’ll be capable of repaying your loan.
What Impacts Credit?
If your credit isn’t looking its best, it’s critical you pinpoint the problems before you move forward with your small business loan application. There are two big areas of concern that commonly contribute to a low credit score:

  • Utilization: This concept measures the amount of your available credit you are currently using. You can figure up your utilization by simply dividing your balance by credit limit and multiplying by 100. A utilization under 10% is what you really want to strive for.
  • High outstanding balance: While it’s great to make at least your minimum monthly payment on time, sustained high balances make a large negative impact on your credit score. When at all possible, it’s wise to pay more than the minimum and work on getting those balances paid down.

What to Do Before You Apply
The great news is that a low credit score isn’t the end of the world, but it’ll be in your best interest to put your business on hold while you focus on raising your score. The difference in financing terms can make this well worth your time. Just a few steps you should definitely take before you proceed with your application include:

  • Request a copy of your credit report. You don’t know where to go if you don’t know where you are.
  • Scour your report for potential errors. You’d be surprised at how often inaccurate data is reflected in your credit report. You may find something you already paid off is still showing up or even discover someone’s been using your identity.
  • Make a list of all your past-due bills. Take an afternoon to contact each creditor to see what accommodations can be made to help you pay down the balance. Sometimes, they’ll allow goodwill adjustments that’ll remove your late payment from your credit report.
  • Correct any tax liens you may have. It’s best to pay off the entire debt at once.

Future Credit Habits to Pick Up
You want to not only improve your credit score but also keep it high. After all, you’re going to run a business, and this can be hard to do when you’re haunted by massive debts and high interest rates. Just a few great habits to pick up that will help you achieve long-term credit success include:

  • Try to keep your debt to credit availability ratio under 30%. This shows creditors that you don’t rely on credit as a means to keep you afloat.
  • Over time, add to your credit mix. A new card here and installment loan there can improve your score.
  • Invest in a credit monitoring service. Issues like identity theft and credit reporting mistakes can cost you thousands over a lifetime.

4. Know What You Want
Your creditor isn’t there to help you understand what you need. Unlike a personal loan, your business involves very specific aspects, and it’s impossible for a loan officer to consider unique facets of your business model that will impact your financing.
A great way not only to prove to creditors that you have a well-developed plan but also to walk yourself through your plan is to build out your budget. Map out exactly where you anticipate the funding going. Keep in mind that they will be asking questions. After all, you’re likely going to be requesting a sizable amount of money. Make sure you’re ready for anything they throw your way when it comes to funds allocation.
5. Final Considerations
Once you’ve reached this step, you’re ready to face the financiers. When you go in to apply, be prepared with:

  • Copies of financial statements including income statement, balance sheet, and cash flow statement
  • Detailed information regarding where you’re making money, what your primary costs are, and your profits
  • Tax returns for at least the past year, preferably the past two years
  • Accounts Payable and Receivable to provide a complete breakdown of what your business owes as well as what you are owed

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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