As a small business owner, you may be lacking the necessary capital in order to grow. At Delancey Street, we have a reputation for providing small business loans for businesses in every industry. We can help a business with merchant cash advances, small business lines of credit, and more. We have been able to provide loans in the amount of $2 million, in some instances, to small business owners in Eugene.

Fast Eugene Business Loans

We understand that when you need money, you needed right away. Unfortunately, many traditional banks want you to go through a long and drawn out application process. This means that you may have to wait weeks in order to see any kind of funding.

Our approval process is fast. Additionally, we can offer funding in approximately two business days. Flexible repayment plans also ensure that you get the help needed based on your cash flow structure and the type of business that you have.

We work with you, regardless of what kind of credit you have. When you apply for one of our Eugene bad credit small business loans, you can use the funds on anything. The money can be used for expanding your business, taking care of payroll, and even buying new equipment.

Your Credit Score

Understanding your credit score is of the utmost importance. Lenders will look at this to determine your creditworthiness. Before you let anyone else look at your credit report, you should review it first. This can be done by requesting a copy of your credit report from the various bureaus. Look it over to find any errors. This way, you can fix things before applying for a loan.

If you have bad credit, it isn’t the end of the world. You can make improvements to your credit by paying off old debt, closing accounts you no longer use, and making sure that payments are made on time every month.

If you don’t have time to clear up your credit score prior to requesting funds, you can always look into our bad credit business loans.

The Application Process

For many lenders, the application process is a complicated one. Many banks will ask you for an entire package of information. The more professional you look, the more seriously they will consider your request. You will need to gather cash flow statements, balance sheets, and income statements. They will run your credit for your business. If you haven’t been established as a business for very long, they may also pull your personal credit score.

By working with us, we make the application process simpler. We don’t need to see a full business plan. Instead, we ask that you consider how much capital you need. Then, we will work with you to establish a payment plan that you can afford.

Loan Terms

Any time that you get a small business loan in Eugene, you need to sign a contract. This is a legally binding agreement with the lender. On the contract, there will be loan terms identified. You will want to review what your APR is, how long your repayment terms are, and any fees that you may have to incur.

It’s important to know exactly how much the loan is going to cost you in the end. A loan may be a great way for you to boost your business. However, if it is going to cost you more than you can afford at the moment, it may not be the best move for you. You will need to review this information before you sign on the dotted line.

When you’re ready for a small business loan in Eugene, let us help you with the details.