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

Rhode Island Fix and Flip Loans

House flipping has become one of the most popular forms of investing in the past several years. Due to highly watched reality shows and explosion of real estate guru’s advocating and promoting this type of business, many more investors have come into the fray.

The latest data shows that you can make an average of $68,000 on a flip. That’s really good money! If you do 2-3 a year on a side, you’re making a really decent living.

Rhode Island is getting involved in the action as well. This state has a plethora of older homes and areas being gentrified that is ripe for an investor to come in, buy, fix and flip for a huge return.

One of the barriers to flipping, however, is getting that initial round of cash to put down on a mortgage and to renovate the home. Here are just a few ways you can find funding in Rhode Island to get fix and flip loans.

By the way, before you go after these funding sources, make sure you have a deal in hand. Do the research and planning beforehand so you have a specific project you can pitch to the potential lender.

The plan should include address of the property, information about the neighborhood, sales price, timeline for renovation, expected sales price and a backup plan in case the renovations go sideways for some reason.

Get detailed on the renovation plan. Everyone who has ever done a project like this knows that it can easily go out of control. Show your investors and lenders you’re seriously by being realistic about your renovation plans.

Home Equity Line of Credit
The home equity line of credit, also called a HELOC, can be a great first source of funding. This is where you take the equity in your current home and use it as collateral for a line of credit.

Essentially, you’re taking a personal loan out using your current equity in your primary residence.

One of the great advantages to this type of loan is that the bank doesn’t really care how you spend the cash. It’s a simple and straightforward loan.

You can spend whatever portion of that line of credit for a down payment on a mortgage for the home you are flipping. By the way, most lenders require a 20-45% down payment for investment properties.

You can also use your own discretion on how much of it you use for renovating your home. There are no restrictions for using your HELOC.

You don’t even have to spend all of it if you don’t want. You don’t have to borrow up to the limit. You spend as you go like a credit card.

Financing Partner
If you don’t have enough equity in your home to get a HELOC and the bank won’t lend you money for real estate investments, you can find alternative financing solutions.

There are companies out there like Delancey Street that will loan you money for projects like fix and flips.

They don’t just do loans for real estate, but a big chunk of their business comes from flippers.

Business Loan from Investors
You can also find independently wealthy individuals to invest in your fixer uppers too. There are qualified investors out there with a high net worth looking for investment opportunities.

They have risk capital to put toward projects like fix and flips, but they don’t want to do the actual work of finding deals, evaluating it, fixing it up and selling the property.

As you can imagine, flipping houses is a lot of work, and there are very wealthy people out there with the cash, but no desire for the work.

You can either get a simple straightforward loan from them with a static interest rate and pay back date. You can also get them to share the risk with you by taking a percentage of your profits.

Finding capital is not hard for flipping projects. Flipping houses is one of the more simple investment businesses out there. And once you have flipped a few houses for profit, not only will you have proceeds from those sales to put toward your next project, but capital will be attracted to you since you’ve proven yourself in the market.

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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