in golden valley

Small business owners can use loans to grow their business. You can use the funds however you wish.

Cover Expenses

Pay for any unexpected expenses that arise.

Invest in your business

Use the loan to grow your business however you wish.

Payroll

Use the loan to pay your employees.

Liquid

Keep the cash on hand for future expenses.

Equipment

Buy new equipment to grow your business.

Staff

Use the loan to hire new employees.

We Fund Fast

24-48 Hours

Loans up to

$10 Million

Google Rating

5 Stars

Delancey Street Can Help with in golden valley

We're committed to building relationships and helping people all over the USA get access to the RIGHT loan for them. Regardless

Trusted

We're frequently interviewed by major media organizations.

Easy Application

Our app process is super easy. All it takes is one application, and we handle the rest for you.

Service

Service is key. You can ask for advice on ANYTHING and we'll bend over to help.

Experts

Many of our team members are former business owners, and understand your challenges.

Customized

We customize each loan for you, and to your unique specs. Everything is customized.

Universal

We help virtually any industry, any business, anywhere in the USA. It doesn't matter.

Nationwide

We fund business loans nationwide. It doesn't matter where you are, we can help you.

Honesty

This is crucial, and critical. We are 100% honest with our clients, and never strive for less.

Hear from people we’ve helped

“Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.”

- Leena, VP of Sales at Waist Karma

How to Qualify for a Small Business Loan in Golden Valley
If you’re in the market for small business loans in Golden Valley, the first step is getting prepared so that you can simplify the process and eliminate any unnecessary angst. Every lending institution has their own set of requirements and it’s important to understand the criteria. The information below provides helpful information about different types of loans, such as SBA and online small business loans.

What’s Your Credit Score?

The average person has vague information about their credit score, and they don’t truly understand just how much it affects them financially. Your personal credit score will range from 300 to 850 and is based of five different factors: how much debt you have, the types of credit you have, your payment history, the amount of time you have had credit and recent credit inquiries. Your payment history is the most heavily weighted factor.

Even if you pay your bills on time every month, you’ll still want to check your credit report to make sure it doesn’t contain any errors. It’s been reported that 25% of consumers have found detrimental errors on their credit report and 20% of those consumers experienced an increase in their score once the issues were resolved. The good news is that you can obtain a free credit report each year from AnnualCreditReport.com. This will allow you to confirm the accuracy of your credit report and work with the three credit bureaus (TransUnion, Experian and Equifax) to correct any errors. The scoring for business credit has a range from 0 to 100 and information is accessed from Dun & Bradstreet instead of TransUnion.

Do You Know the Lender’s Minimum Qualifications?

If you’re embarking upon the journey of obtaining a small business loan, then it makes sense to ensure you have a strong application. Although some lenders are flexible, it would be in your best interest to either meet or exceed requirements. The criteria for small business loans in Golden Valley typically involves your annual revenue, credit score and the number of years you have been in business. If you’re thinking about getting an SBA loan, then you’ll need to make sure you are not on their ineligible business list, which includes nonprofit, financial, real estate and life insurance companies, to name a few.

In the event that you need a loan expeditiously, then you might consider an online small business loan because they tend to be more lenient. Just keep in mind that you might end up paying more for the convenience of a fast and easy loan product.

Do You Have All of the Required Documents?

As you have probably imagined, the lending process requires you to provide a wealth of financial and legal documents that may include Articles of Incorporation, income tax returns (personal and business), balance sheet, income statement, bank statements (personal and business), your driver’s license, commercial leases, business licenses and your resume. The purpose of providing your resume is to make sure you are equipped with the necessary qualifications, such as management experience.

If you don’t have the time to provide all of these documents and want a more streamlined process, then an online small business loan might be a better option for you. If you have a strong credit history, there’s a chance that you can find a loan product online that’s comparable to bank loans.

Do You Have a Solid Business Plan?

Lenders are eager to confirm your ability to pay back a loan that has been granted, which is why they will typically request your business plan. Contained in the pages of your business plan should be financial projections that indicate how you intend to pay for the loan. Having a great business plan can do the bidding for you and increase your chances of approval.

Here are common elements of a great business plan: Company overview, management team, industry analysis, product and/or service description, operations plan, sales and marketing strategy, and SWOT analysis (strengths, weaknesses, opportunities and threats).

Do You Have Collateral?

Some lenders require you to provide collateral, such as real estate, inventory or equipment. If you are unable to provide collateral, then an unsecured business loan might work best for you.