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

Laredo Small Business Loans

At some point in the course of a small business’ life, it is virtually assured that the company will need financing to best grow and carry out its operations. Almost all businesses in the U.S. today rely on some form of financing. And in contrast to personal finance, where interest payments and loans are almost always no better than a necessary evil, income-producing businesses can make the use of credit facilities a very strong business move and, in some cases, even better than using cash. For these reasons, it is important for small business owners to understand the many different forms of credit and other means of financing available to them.

Small business is still in the financial big leagues

Many small business owners are relatively unsophisticated when it comes to big-league finance. Start talking about warrants, mezzanine tranches and convertible options and you’re likely to see the average mom-and-pop business owner’s eyes glaze over. But while small business finance isn’t rocket science, it is important to understand the many different options that exist for financing. When used with skill, small business finance can provide many creative options for nudging fledgling operation out of the nest and towards the sky.

Bank loans and lines of credit aren’t the only options

For small businesses that need relatively large amounts of capital, that have proven revenue models, are operating in established industries and have ownership that is personally financially responsible, going with traditional bank financing or other forms of traditional business lending will likely prove to be the best option. All things being equal, traditional lending offers far higher limits, lower fees, lower interest and better terms than other forms of small business financing. But traditional lending does come with some risks and costs. For instance, small business loans are often partially secured by the owner’s personal assets. For million-dollar business loans, this can mean that a potential future default may carry the risk of the business owner losing their home.
Additionally, there are an increasing number of small businesses that simply don’t conform to the typical standards that traditional lenders impose. In these cases, even for companies that have the potential to make a killing, the businesses may find it virtually impossible to secure a traditional bank loan or a small business line of credit. For these companies, alternative financing may be the more attractive — indeed, the only — option.

Small business credit cards

Small business credit cards are very similar in function and requirements to personal credit cards. The only difference is that they often come with far higher credit limits. This form of financing can be appropriate for small business owners who need capital but not too much. Approval for small business credit cards can often be instant. And the credit limits for small business cards is typically in the $10,000 to $25,000 to start. Another benefit is that credit cards are almost always unsecured, meaning that no collateral has to be risked. This is one of the only forms of true unsecured business credit, a consideration that makes it very attractive for businesses that don’t mind the low limits.
However, the downside is that these cards can come with hefty fees and, if the balance is not meticulously paid in full and on time every month, credit cards can quickly become one of the most expensive form of financing around. Another issue is that many businesses simply need far more capital than is usually possible to obtain through a credit card. And in most cases, someone with the credit score needed to get approved for a $25,000 small business credit card will usually have what it takes to get approved for a small business line of credit that can easily be 40 times that amount.

Invoice and other asset-based finance

Many small businesses have valuable assets. This can be real estate, capital equipment or accounts payable. Financing that uses the latter for of asset backing is known as invoice finance or factoring. For companies that don’t have sufficient credit or perceived revenue stability to secure more traditional financing, invoice and other asset-backed financing can be a great way to generate a lot of cash on short order.
Invoice financing can be thought of as a kind of title loans for businesses. They can be fast, with approval coming in as little as a day. Businesses can also be approved for amounts that rival small business lines of credit. The downside is that the fees can be very high and the invoice finance company literally owns part of the business’ future cashflows. This can have an adverse effect on the business’ customers in some cases, as invoice finance companies may take over the collections process themselves.

Mezzanine finance and angel investors

For companies that have unproven business models that would simply be deemed to risky for traditional lenders and that need large infusions of capital, mezzanine finance and angel investors can be a means of generating the needed capital.
Mezzanine finance is typically used to refer to a combination of loan and equity finance where the lenders get some form of equity stake in the company. Angel investors are a kind of mezzanine financiers, usually taking on the financing of some of the riskiest startup ventures, which typically have a very high probability of failure.
The upside of mezzanine finance, in all its forms, is that it can provide critical money to businesses that may otherwise have no way of proceeding. The downside is that this form of financing often results in severe dilution of the owner’s equity when the companies do take off. In the case of angel investors, because every successful company may be financing 20 or 30 failures, these investors often look for returns in the 3,000 to 4,000 percent range. This means owners and founders often get the extremely short end of the stick in these deals.

What’s best for your company

While traditional bank financing is often best for those firms that can get it, the alternative forms of financing provide a nice backup and plenty of food for thought when considering what type of small business financing to pursue.

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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