SOURCE: Dealstruck

Dealstruck

September 19, 2014 14:15 ET

Dealstruck Appoints Director of Servicing

Former Chief Credit Officer for Accion Robert Lopez Joins Crowdlending Provider to Lead Portfolio Management

SAN DIEGO, CA--(Marketwired - Sep 19, 2014) - Online crowdlending provider Dealstruck, Inc. has appointed Robert Lopez as Director of Servicing. The position was created as a result of Dealstruck's rapid growth, and will serve an important role in the alternative lender's future growth as the company continues to expand its suite of loan products and services.

Prior to Dealstruck, Lopez was Chief Credit Officer at Accion, a worldwide microlender formed in 1961 to create economic opportunity for primarily low-to-moderate income business owners who lacked traditional sources of credit. Under Lopez's leadership, Accion doubled its portfolio and dramatically decreased its delinquency rate. With more than 15 years in small business and consumer banking and lending, his role at Dealstruck will include overseeing client services and portfolio risk management. 

"Robert's experience and passion in fighting for the underdog -- emerging and often minority entrepreneurs who just need a chance to thrive in their communities -- makes him the perfect addition to the Dealstruck family," said Ethan Senturia, Dealstruck co-founder and CEO. "We have experienced record growth and servicing is paramount to the way we do business. Robert's proficiency in underwriting and servicing will ensure we're providing the best possible experience to our borrowers while also providing them with what they need to succeed."

"I was attracted to Dealstruck's infrastructure, which targets entrepreneurs who don't have the same opportunities to get financing through traditional lenders as more established businesses do," said Lopez. "Dealstruck does this with its creative loan products and efficient funding. No other loan provider offers turnaround as fast as Dealstruck, with competitive pricing. There are countless entrepreneurs who can't access traditional forms of financing but who are viable and growing. I'm happy to join Dealstruck, which meets that demand fairly. That's really exciting for me."

Dealstruck understands that a one-size-fits-all approach offered by traditional lenders is not often helpful or even viable for growing small businesses. The company's CrowdLoan term loan and CrowdLine asset-based line-of-credit products present healthy businesses with alternative lending options to meet their unique needs.

About Dealstruck
The Dealstruck lending marketplace connects profitable, small- and medium-sized businesses (SMBs) with innovative credit solutions funded by individual and institutional accredited investors. Unlike the one-size-fits-all approach offered to them by banks and the high-cost, short-term credit offered to them by alternative lenders, Dealstruck provides growing SMBs with a suite of products that give them a credible and transparent path to bankable. Dealstruck is the first crowdlending platform to offer multiple products to SMBs, and the first to allow investors the freedom to choose specific investments. For more information, please visit https://www.dealstruck.com/.