What Loans Delancey Street offers
Delancey has nine types of loan on offer:
- Small business loans
- Invoice factoring
- Lines of credit
- Private money loans
- Business cash advance
- Merchant Cash Advance
- SBA loans
- Hard money loans
- Fix and flip loans
How Delancey Street works
This lender is a little different from its competitors in that it considers the creativity of your business plan when determining your rates, alongside other more traditional factors like general business performance.
While each product will offer different terms, there are some common themes across all loans, including:
- Borrow between $10,000 and $5 million
- Interest rates start from 8.99%
- Repayment terms between three months and two years
- Fast two minute application on all loans
How do I qualify for Delancey Street?
While Delancey doesn’t perform a credit check, it does expect you to have a strong business history.
Each case will be assessed on consistency and level of revenue alongside the creativity of your business plan.
However, it doesn’t disclose any specific qualification criteria; you’ll only find out if you’re eligible on application.