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

Wyoming Fix and Flip Loans

You already know that you’re interested in buying and flipping a home. You’re excited about the possibility of making a profit by making a home look beautiful before passing it on to an excited buyer. You even have a good idea of which house you’re interested in flipping. You’re here because you need to figure out how to get funding for your flip. This is where fix-and-flip loans come in. They’ll help with the costs associated with the flip, including the following:

  • Create a business plan for your flip so that your potential investor knows exactly how you plan to work the flip from beginning to end.
  • Map out a clear estimation of your renovation costs. A clear scope of work can let your investors know that you’re clear on where every penny is going.
  • Build up your connections list. This will help you stay in contact with investors who have the same goals as you.

Why You Need a Loan to Finance Your Flip

Many people interested in financing a flip don’t have the funding to do so. They’ll need funding to take care of the extensive costs associated with buying a flip. Those costs include the following:

  • The actual purchase price of the house, 20 percent to 45 percent of which you’ll need to bring to the closing as a down payment.
  • The holding costs of the home, which include items like HOA fees, insurance payments and all the other costs that will need to be covered while the house is in “fix” mode.
  • All of the costs associated with the reno, including materials, tools and labor.
  • The costs associated with the sale portion of the house, including the realtor costs and closing costs.

Traditional Banks Are Not the Way to Go

You’ll go to a traditional bank to purchase a regular home, but that’s unlikely to work for a fix and flip. When you identify yourself as a flipper to a bank, you’re essentially outing yourself as an investor, with all of the associated risks that investors carry. Banks look at investor income as irregular and random, making it too risky for a traditional loan. Real estate loans from banks are usually long-term loans, and the loan you’d be looking for as a flipper would be short term.

Flippers Look for Non-Traditional Loans

Since traditional banks are usually not an option, many flippers turn to non-traditional means to get funding for their flips. This is where fix and flip loans come into play. There are several funding sources for flx and flip loans, but before you apply, make sure that you have a plan in order. Just like with a traditional bank, having your paperwork in order will make it more likely that you’ll get the money you seek. Make sure you have the following ready to go:

  • Create a business plan for your flip so that your potential investor knows exactly how you plan to work the flip from beginning to end.
  • Map out a clear estimation of your renovation costs. A clear scope of work can let your investors know that you’re clear on where every penny is going.
  • Build up your connections list. This will help you stay in contact with investors who have the same goals as you.

Your Flip and Fix Loan Options

Here’s a definitive list of your flip and fix loan options.

Friends and family

Your personal network of friends and family can be an excellent resource, especially if you have the backup docs mentioned above and start off relatively small. Once you complete your first successful flip, more people will be inclined to invest with you.

Financing Partner

A great financing partner who understands the market can provide funding or help you find funding through their network. This is why networking is so key.

Home Equity Line of Credit

This works best for flippers who are homeowners and who have at least 20 percent equity in their property. You only take out the money as needed, so check with your bank and see how much you qualify for.

Take Money Out of Your 401(k

This is a great option for a young flipper who has time to take out the money, use it and put it back before retirement. With 401(k) plans, you can take out up to 50 percent of your account balance or $50,000, whichever is lower.

Personal Loan

If you have great credit, you can take out a personal loan. Rates are often as low as five percent for people with great scores, and payments can be spread out anywhere between three and seven years. These loans usually top out at $50,000, so combine them with other financing options.

Seller Financing

This loan type is when you take a loan from the seller to buy the home. You’d then fix up the house, flip it, pay the sale proceeds to the seller minus the difference between the final sale price and the loan price. That difference will go to you.

Hard Money Lender

This type of lender may help out less qualified buyers. They get them the money, but they also charge very high interest rates. These loans are extremely short-term loans with terms of a year. They’re intended to get you through the fix, flip and sale of the home.

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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