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Small Business Loans Oklahoma City
If you’re a small business owner in Oklahoma City, you’ll be happy to know that Delancey Street has many loan options for you. The company specializes in bad credit small business loans. You’ll be able to complete projects, make upgrades, pay bills, and anything else you may need financing for. We have options if you’re unable to qualify for traditional financing or have been turned down by other lenders. Our dedicated staff also works to make sure you get your money fast. We’re often able to provide funding in as little as two days with our many different loan options. Some of the loans currently available to our Oklahoma City small business owners include:
- Invoice factoring loans
- Merchant cash advances
- Hard money loans
- Private money loans
- Business lines of credit and more
Delancey Street Makes Applying Simple
Our application process is streamlined so you’ll have the best and fastest experience possible. The first step is to put your requests on paper. This can include revising your business plan, providing invoices, payroll records, or anything else that’s helpful for our loan professionals to assess your needs. It’s also helpful to have a loan amount in mind. If you need assistance in creating a plan, you may want to seek the advice of a colleague or hire a consultant to assist you. For a small fee, many of these professionals will be able to help you prepare a great presentation that will assist you in getting approved. You’ll also want to anticipate any questions or concerns that may arise. The more information you have, the better it is to obtain your approval in a timely manner.
Delancey Street Works with Many Types of Credit
Since we have so many options for bad credit small business loans in Oklahoma City, we’ll be able to find a solution for your needs. Although credit isn’t always a determining factor, it’ll most likely still be taken into account. Getting reports ordered for both business and personal credit will help you assess the situation. If you’re able to resolve any credit issues prior to applying, you’ll most likely have more options available and better terms. If you’re unable to clear up these items, it’s also helpful to have explanations regarding each negative item. This helps our loan professionals understand the entire financial situation to determine the best course of action.
Other Financial Documents to Submit
You may be asked to provide both personal and business financial statements. This is especially true if your business and personal finances are combined. Bad credit small business loans take the entire scenario into consideration. Bank statements, tax returns, invoices, other loan documents, and several other similar items may be helpful. It’s best to submit as much documentation as possible at the time of application. This not only helps to make a determination, but it also makes the processing time much faster. It’s important that you submit any documentation that’s been requested as quickly as possible. Waiting on documentation is typically a reason for delays in funding.
Getting Approved and Making Payments
After you’ve received the final approval, you’ll be scheduled to attend a settlement. This process entails signing the final documentation and an explanation of the exact terms of the loan. You’ll have the opportunity to ask any final questions you may have at this time. Since a loan is a legally binding contract, you’ll be responsible for adhering to its terms. After you’ve been able to successfully establish a stable payment history, you’ll be well on your way to improving your overall credit. We’ve helped many small business owners in Oklahoma City improve their financial situation. We’ll be happy to take a look at your information and see what we can do to help. Get in touch with Delancey Street today and get the loan you need for your small business to excel.
Small business owners in Oklahoma City have new financing options available. Delancey Street is a company that specializes in bad credit small business loans. You’ll be able to finance improvements, renovations, equipment purchases, or even just pay bills. Whatever your needs are, chances are they’ll have the perfect loan for you. They also offer fast funding times. Within as little as two days, you could have the cash you need to get your business to the next level. Some of the loan programs available to Oklahoma City clients include:
- Hard money loans
- Bitcoin loans
- Private money loans
- Merchant cash advances
- Invoice factoring loans and more
Getting Started on Your Loan Application is Quick and Easy
All you need to get started is to fill out the online loan request form and gather some documentation. The loan specialist will review your request and get in touch with you to discuss your options. You’ll want to get together any information that helps to support your financing request. Many small business owners provide updated business plans, invoices, payroll records, photographs and the like. This can be important to the process as it helps the loan representative understand the scenario. If you need assistance, there are many consultants and freelance writers that can help you assemble this information. It’s also helpful to put the information into a presentation and have answers ready to questions that may arise.
Check Your Personal and Business Credit Reports
Delancey Street is committed to finding the best loan for your bad credit small business loan. Some programs require that credit is reviewed. It’s best to pull your own reports so you’ll be prepared to provide explanations regarding your credit history. Sole proprietorships often use personal credit to obtain business financing. This is why it’s important to check both a Dun and Bradstreet report and all three major credit bureaus. If you’re able to clean up any credit issues, that always helps. Any disputable items should be handled through a credit repair agency or directly with the credit bureaus themselves. Some small business owners also find it helpful to subscribe to a credit monitoring service so they can stay on top of their credit. Even if you’ve been unable to obtain financing elsewhere, Delancey Street probably has the right fit for your business needs.
Gathering Business Accounting and Personal Finance Records
Your business accounting records should be in good order. This also goes for your personal finance records. This helps the representative fully explore all of the options that are available. Several loan programs also use the overall financial health of the applicant and business to make a loan determination. Consulting with a professional accountant is helpful in making sure that the records are complete and accurate. Also, if you’re planning on using any assets as collateral for the loan, you’ll want that documentation as well. Retirement accounts, bank accounts, tax records, profit and loss statements, and other records that document financial information may all be requested. Having this information at the time of application can make a significant difference in the approval and funding process.
Getting Your Approval and Making Timely Payments
After you’ve gathered all of the documentation required to be approved for your bad credit small business loan, you’ll go to settlement. At settlement, you’ll sign all of the loan disclosures. This information provides you with all you need to know about the loan terms. You’ll also receive the information about making payments. Asking questions is encouraged at this time. Having a clear understanding of the workings of the loan is important as it’s a legally binding contract. After that, you’ll have full access to your funding and be able to make all the improvements you need. Getting in touch with Delancey Street today is the first step in getting the funding you need to accelerate your business. The professional loan representatives are there to help make your dreams a reality.