Business consulting agency offering corporate structure guidance, business funding strategies, and mentorship to help entrepreneurs access capital and structure their companies for lender approval.
Editorially reviewed by Harvey Brooks
Deleteking850 is a Chicago-based business consulting agency located at 980 N Michigan, STE 1400. The company positions itself as a top business consulting agency focused on helping entrepreneurs structure their businesses correctly and access business funding. Their approach is consultative, claiming to solve business problems and find actionable solutions for organizational growth.
The company offers a three-phase business development model: Phase 1 focuses on corporate structure and fundability; Phase 2 involves business build-out and business funding access; Phase 3 covers capital leverage, investing, and strategic partnerships. They provide mentorship services teaching clients how to "structure your business correctly" and "speak BANK" (communicate effectively with lenders). They also offer courses with exclusive content and non-public data points about business funding.
Deleteking850 distinguishes itself through mentorship-focused training and claims to provide insider knowledge about business funding processes. The company emphasizes teaching clients the language and structure needed for lender approval rather than providing direct lending. They showcase success stories and client testimonials to establish credibility.
A significant caveat is that the website contains vague service descriptions and placeholder text (multiple services list identical descriptions: "We design an elegant set of WordPress Themes & Plugins"), suggesting incomplete or outdated website content. This raises questions about operational clarity and current service delivery specifics. The company appears to focus on consulting and education rather than direct funding provision, which is an important distinction for prospective clients seeking actual capital.
Yes. Deleteking850 is a registered company headquartered in Chicago, IL. They hold a NR rating with the Better Business Bureau.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Deleteking850 is best for entrepreneurs who need guidance on structuring their business for lender approval and understanding how to present themselves to financial institutions, rather than for those seeking direct business loans or immediate capital. The main caveat is that this appears to be a business consulting and education company rather than a direct lender, so clients should verify whether the company's network provides actual funding access or if they're primarily paying for advisory services.
NewLane Finance provides equipment financing for businesses, vendors, brokers, and medical practices. A subsidiary of WSFS Bank with $1.1B+ financed since inception.
Best for: Vendors and brokers seeking reliable equipment financing partnerships to offer customers, Small businesses and medical practices ready to purchase or replace equipment with minimal downtime
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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