Delancey Street Helps Business Owners Grow

We provide funding fast, with a completely online application.

Apply NOW

Use our online form and apply online. It's risk free - and cost free. We charge no application fees ever, and it's a simple process.

We Approve YOU

Get approved in less than 24 hours. We look at your business, and underwrite your file within 2-4 hours.

Get Funded

Once we make an offer, we send you an agreement, and fund you in 24 hours.

How We Help

Small business loans are a great way to grow your business. We fund business owners when traditional banks say no. Getting a loan from a traditional bank is difficult, we look past your credit score and fund you.

Get a $500-$100,000 small business loan

Get working capital in as little as 24 hours once approved

No risk - There is no application fee, and we don't charge junk fees that other lenders do.

5 Star Google Rating trusted by 100's of people like yourself who took money from us.

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.

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.

Ready To Get Started?

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

Apply Now