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

small business loans virginia

Getting a small business loan in virginia can be a big deal, especially if it’s your first. Becoming familiar with the application process can often make things go a lot smoother and also better your chances of being approved and getting a good deal. Here are some tips worth remembering if you’re contemplating getting a small business loan.

Research Your Credit

When you apply for a small business loan in virginia, one of the first things the lender will do is get a copy of your credit report. If there are surprises on your credit report, you do not want to learn about them in the lender’s office. Accessing your credit scores yourself prior to visiting the lender will give you a chance to correct any errors or improve your credit scores. Here are important things to look for on your credit report.
• Errors on personal information (name, address & social security number)
• Paid bills still listed as unpaid
• Incorrect payment history
• Incorrect balance amount

Business Credit Scores vs Personal Credit Scores

It’s important to realize, and many people don’t, that your business credit scores are not the same as your personal credit scores. It’s equally important to keep business accounts separate from personal accounts. One may negatively affect the other. Business transactions should be used on the business account and personal transactions should be used with the personal accounts.
Prior to visiting the lender and applying for your small business loan in virginia, access both your business and personal credit reports. You can get a copy of your business credit report from Nav or CreditSignal.com. You can access your personal credit scores from Annual CreditReport.comCredit Karma or FreeCreditReport.com. Credit scores can range from 350 to 800. Different agencies use different factors when giving you scores. For instance, Dun & Bradstreet goes almost strictly off your payment history while Equifax and Experian go by any legal filings, public records or collection agency reports.

Ways to Improve Your Credit

Your credit scores, whether good or bad, are seldom due to one single account. Your credit scores are determined by the following factors.
• Payment history – 35% – How you pay your bills
• How much you owe – 30% – How much of your available credit is utilized
• Length of credit history – 15% – How many years you’ve had credit
• New credit – 10% – Opening a lot of new credit can hurt your credit scores.
• Type of credit – 10% – Having a variety of credit types (car loans, mortgage, credit cards, etc.) can help your credit scores.
While some of the things cannot be quickly corrected, others can be fixed. If you notice any errors, contact the original creditor and the credit reporting agency where the error was found. Follow up within a month to make sure the errors are corrected. If your credit scores are less-than-perfect due to unpaid bills, pay them as quickly as you can. If you have several accounts with small balances, pay them off to improve your credit balances and utilization amount.

Research & Prepare Financial Statements

You know what you have in mind for your business, and you know what you need in the way of financing. It’s important that you portray this information to the lender not just verbally but also in writing. If this is a new business venture, you’ll need to provide the lender with documentation showing what you project for business expenses and business income.
If you’ll be purchasing equipment and supplies, the lender will want to know dollar amounts and how you plan to recoup your money. When you visit the lender, be prepared to provide the following documentation.
• Balance Sheet
• Income Statement or Profit & Loss Statement
• Cash Flow Statement
• Financial Statements
• Accounts Payable and Accounts Receivable
If this loan is for a new business, some of the documents will be projections. If you already own a business, the lender may request that tax forms for the past two years as proof of income.

Know Your Needs before requesting a small business loan in virginia

No one knows your financial situation better than you. Go over all your finances and options. There may be other options available to you other than a small business loan in virginia. Business credit cards, angel investments, invoice financing or private investments may be options. Make a list of the pros and cons of each method so you know what option best meets your needs. Once you’ve determined all of these determined a small business loan in virginia is best, you’re ready to visit a lender with proper documentation in hand.

Make Your Request Specific

You’ll be more likely to be approved for your business loan in virginia if you know what you want and are specific about it to the lender. Know what you want, what you need and be prepare to show this to the lender both verbally and in writing. Show the lender what you expect in revenue from a certain purchase or how much certain purchases will cost and how much you expect to get in return. Be confident so the lender believes you know what you’re doing and will be a good risk.

Understanding Interest Rates of small business loans in virginia

Anyone who has ever gotten a loan knows that they’re required to pay interest on the loan. What many don’t understand is how interest rates work and that there is a difference between interest rates and APR (annual percentage rate). Don’t expect your APR to be the same as the interest rate.
• Interest rate is the percentage of the principal amount you borrow from the lender. On a $20,000 loan with an 8% interest rates, the borrower will pay $1,600 (20,000 X .08) in interest annually.
• APR is the amount the borrower will pay in interest annually plus service charges and loan fees.
The amount of interest a borrower pays is usually determined by the borrower’s credit. Look at the final figures you’ll be expected to pay. A small business loan in virginia with a higher interest rate might still be your best option if the lender doesn’t charge a lot in fees.
Accepting an Offer
If you’re in good shape financially and everything was in order with your loan application, the lender will probably make you an offer. This offer is generally based on your financial documentation and your credit scores. Don’t let your enthusiasm over being approved for your small business loan make you accept an offer that’s not in your best interests. Go over all the loan terms and numbers with the lender so you have a clear understanding of what you’re getting, how much the small business loan in virginia is going to cost you and how it will benefit you.

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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