Best Business Debt Settlement Companies in New York (2026 Rankings)

A New York owner with three advances against one revenue stream answers to three collectors for a single cash position, and the paperwork decides the outcome before the negotiation starts.

This is an editorial evaluation of named providers against stated criteria (services offered, business model, public enforcement record), and the order reflects editorial judgment on those criteria rather than any purchased placement. No scores, savings figures, ratings, review counts, or licensing findings are assigned. The companies below are evaluated for owners in New York from the same research sweep.

The six entries that follow open with the one settlement company that negotiates balances, pass through New York housed lenders and funders whose paper fills the docket, and close with a banned operation whose orders every owner in the state should read. Gather every agreement, filing, and processor notice before engaging any provider.

Delancey Street

Negotiation begins with the agreements, not with the address on the letterhead. Delancey Street Debt Relief Inc of New York at 104 W 40th Street in New York lists MCA settlement with Reconciliation Shield, Proactive MCA Defense, and UCC lien defense in its navigation as its stated practice. The own site presents a private business debt relief company based in New York that is not a law firm.

Simply bring every agreement, filing, and bank statement to the first review, and the company will map and trace each obligation, review and analyze the payment history, and fashion a reply that addresses both the balance claimed and the cash available behind it. The objective is to ensure no concession reaches a collector without counsel present, and to ensure independent counsel handles the legal work the company does not perform. The sweep surfaced no state or federal enforcement action, a search result rather than proof of a clean record.

Clerks in this district process filings in a volume that surprises owners who see the stack for the first time. Most owners wait too long to call on a brittle file. I understand the wait.

Fora Financial

Fora Financial of New York at 1385 Broadway in New York offers small business loans, revenue advance, business line of credit, SBA loan, and term loans that together fund growth in weeks and complicate cash flow for months. The menu is extremely short and extremely plain, which lets a reader compare each line against the advance already on the books.

Borrowed in an afternoon, repaid for a year.

The sweep surfaced no state or federal enforcement action, a search result and not a clearance. The menu stays short. The consequences run long in the file.

OnDeck

OnDeck of New York at 1400 Broadway Floor 25 in New York offers business term loans and a business line of credit, and the own homepage states credit limits from $6K to $200K with funding up to $400K and funds as soon as 24 hours after approval. The application runs online, and the sweep describes the company as owned by Enova.

In 2019, before the recent wave of state level disclosure rules, paper like this moved with fewer questions asked. Seldom does a term sheet survive first contact with the ledger. Six months after signing, the repayment history reads differently than the term sheet promised in print.

The sweep surfaced no state or federal enforcement action, which reports a search result and proves no clean record. Automatic debits are drawn in order to precede scrutiny.

Radium2 Capital

Radium2 Capital LLC carries 300 RXR Plaza Suite 300 in Uniondale on its business bureau profile in the factoring services category without accreditation, and a federal court opinion quotes the house describing itself as a merchant cash advance company that supplies working capital to businesses. The company website is a parked domain and could not be verified in the sweep.

The sweep surfaced no state or federal enforcement action, which, if we are being precise, reports the limits of the search rather than any finding of cleanliness. Private litigation names the house, but private suits are not enforcement in this file. Most houses know exactly what their paper permits in practice.

Unique Funding Solutions

Unique Funding Solutions LLC of Valley Stream New York lists no street address on its own site, while a filed federal complaint places its principal office at 71 South Central Avenue 2nd Floor in Valley Stream. The own site nav offers merchant cash advance, revenue based financing, and alternate financing that together read as a funder menu rather than a settlement practice.

A single phone contact reaches the house, and counsel confirms the engagement in writing before discussing balances, because early statements against the business limit later options. This decides nothing until the agreements are in the file.

The sweep surfaced no state or federal enforcement action (private suits name the company, but private litigation is not counted as enforcement here). I am less certain about judicial reception than the product pages suggest in print.

Richmond Capital Group

RCG Advances LLC, formerly Richmond Capital Group LLC and also known as Viceroy Capital Funding and Ram Capital Funding, operated as a New York based funder of merchant cash advances to small businesses and nonprofits with no operating site left after the bans. After the complaint, after the orders, the operating site went dark on the docket.

The Federal Trade Commission complaint of June 2020 alleged deceptive terms with unfair collections and unauthorized withdrawals from business accounts. The case page records a January 5 2022 stipulated order with a permanent MCA industry ban for the companies and Robert Giardina, an upfront payment of $1.5M plus subsequent payments over $1.2M for redress, and a $20.3M monetary judgment against Jonathan Braun. The New York Attorney General announced a historic judgment of more than $77,298,631 against the Richmond companies and principals for illegal high interest loans disguised as advances entered February 8 2024.

Resist the urge to respond to a demand letter with payment, even briefly. Whether the same mechanics now operate under different names is a question worth holding open. The docket outlasts the website.

Engaging settlement help from New York

What the owner files, or fails to file, in the first weeks shapes what counsel can argue later, and consultation is where this conversation begins. Independent counsel handles the legal work a settlement company does not perform.

The ledger has the last word on the letterhead.