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 Manhattan

Manhattan Small Business Loans

Your manhattan small business needs funds, which you can use to hire new employees, buy new equipment, and increase sales using different methods, such as opening a storefront. If you are facing a capital deficit, you may be tempted to go for a small business loan.
If you get approved, a Manhattan small business loan can help you get the funding you need to jumpstart the expansion of your company. Unfortunately, these loans are notoriously difficult to obtain. Also, if something goes wrong with your business, you could end up losing the collateral you put up for a specific loan.
Applying for a Manhattan business loan means the bank or lender may accept your application or deny it. You could also end up getting caught in a lending trap. Thankfully, we can help you be prepared for the process. Here are the top things you need to know before you apply for a small business loan:
Be Sure You Need the Manhattan Small Business Loan
It may seem obvious that the owner of the small business knows the reason why he or she needs to apply for a loan, along with the specific amount to borrow. Most startup businesses though find these details as a considerable challenge. Typically, owners are unsure whether or not they require financing.
If you are certain you need it, you need to take time to determine why you need the Manhattan small business loan. It is also crucial that you can clearly articulate the whys and how much you need. Some reasons include:
Purchasing real estate and expanding operations
Buying equipment and inventory
Increase money for managing daily operations (working capital)
Once you have the answers, you should focus on two things to get approved: your credit or financial situation and your reason(s) for applying for the loan.
Know Your Credit Scores
Your credit scores tell the lender regarding your reputation as a borrower. If your scores are low, do not expect the bank to approve your loan easily. There are two types of credit scores, and many lenders look at both:
Business or Commercial: The company should establish its credit history so that it will be quicker to obtain credit. After getting the federal tax ID number, the credit bureaus, such as Experian and Equifax start tracking credit and other transactions, specifically when a supplier allows a company to buy now and pay later.
Personal: Owning a business doesn’t mean you have to neglect your personal financial accounts. They still matter to lenders, and they look at how FICO or VantageScore sees your performance.
Many companies don’t realize that it is important to have personal and business accounts separately. Payment histories affect both types of credit, as well as the following:
High Outstanding Balance: If you have a lot of debt, you will be penalized for it – even if you pay on time. It is always a good practice to pay enough, or at least the minimum required amount.
High Utilization Rate: Credit utilization is the amount you use based on your revolving credit limit. Divide your balance by your credit limit and multiply the answer by 100 to get the utilization percentage. Preferably, the number should be below 10%.
Improve Your Credit Score
Prior to applying for a Manhattan small business loan, you should ensure your credit scores are ideal. Here are the steps to take that can help raise both your personal and business credit scores:
Get a copy of your credit report. With the Fair Credit Reporting Act, you can access your credit report for free. Go to Nav or CreditSignal’s site to get your business credit report. For personal, choose from any websites, including Credit Karma and freecreditreport.com.
Make sure the report is error-free. Credit reports can have mistakes, such as the absence of a certain business activity that can boost the score. If ever you find an error, report it immediately.
Have a payment plan for your tax liens. State or federal tax liens can affect your score. If you can, pay the claim right away or simply have a payment plan that will help you pay for it.
Contact the creditors you have existing debts with and pay them down as soon as possible. Your credit report will provide you with the details about how much you owe and to which lender. If it’s past due, reach out to the creditor and pay for it as soon as you can. You can also request for a goodwill adjustment where the lender removes a late payment from your credit report.
Other simple ways to enhance your score include

  • Using less than 30% of your available credit
  • Keeping an old account even after you have finished paying for it
  • Improving your score through diversifying your purchases, such as buying on installment and opening a new account
  • Avoiding to opening many accounts at the same time
  • Using the services of a credit monitoring company

Get a Firm Grasp of Your Use Case
Several business owners get a small business loan and end up having difficulty paying it. You need to be smart in determining how much you need and how much you can afford. If you are unsure, you can seek the help of an accountant before you apply for the loan. Here are some methods that can assist you:
Figure out how much you need now by having a budget for the funds you’d receive from the loan. Determine what you will use them for and estimate their costs.
Support your application with financial statements, including your balance sheet and income statement.
You can also provide your cash flow statement along with the other two above. The documents will tell you where you’re making money and whether or not your business is lucrative. Being unprofitable doesn’t mean you cannot get the loan. What banks are interested in is how you plan to get out of the situation, which you should show during the application process.
Apply for the Loan
Once you have performed all the techniques mentioned above, it’s time to apply for a small business loan. Make sure that you have your financial statements ready, as well as your accounts payable and receivable and tax returns.
If you get approved, the lender will determine how much to offer you. The company will take note of your business financials. It will include an interest rate, which can either be fixed or variable. It pertains to the cost of borrowing the principal loan amount. The offer will also have an annual percentage rate or APR, which is a broader measure of the Manhattan small business loan and shows you the yearly interest to pay, along with the service charges and other fees.
Compare both the APR and the interest rate to find out if the Manhattan small business loan is right for you. Low-interest rates may not always be better since they usually have higher APR.

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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