SOURCE: Dealstruck

Dealstruck

June 30, 2014 08:00 ET

Dealstruck Celebrates 100th Small Business Loan Milestone

SAN DIEGO, CA--(Marketwired - Jun 30, 2014) - Online crowdlending provider Dealstruck, Inc today announced the company has provided more than 100 loans and credit lines to growing, profitable small businesses.

"We're proud to reach several milestones not even one year after the launch of our first product," said Ethan Senturia, Dealstruck co-founder and CEO. "In just a few months, we've originated more than 100 transactions, surpassed our projected financial milestones, and grown to nearly 20 employees. We have achieved this by delivering on our mission to help small business owners obtain the growth capital they need at terms that make sense, overcoming many of the obstacles posed by traditional financing options. We are honored to have set many small business entrepreneurs on the path to becoming bankable."

Dealstruck was the first crowdlending provider to offer businesses and investors the opportunity to access multiple credit products. Its online platform connects growing small businesses with accredited investors, providing borrowers with the growth capital they need quickly and easily, and providing investors with freedom over which opportunities they pursue.

Dealstruck's CrowdLoan term loan product and its CrowdLine working capital line of credit are designed for growing, profitable small businesses looking for fast, fair and transparent financing. The company's first 100+ loans have included both term loans and lines-of-credit to businesses across 19 states in various industries, including franchises.

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/.