SOURCE: Dealstruck

Dealstruck

April 21, 2014 08:00 ET

Dealstruck Expands Lending Footprint to 40 States, Enabling Lending to More Businesses Nationwide

Peer-to-Business Lending Platform Now Able to Better Serve Small Business Borrowers

SAN DIEGO, CA--(Marketwired - Apr 21, 2014) - Dealstruck, an online crowdlending platform, today announced that the company has expanded its lending footprint from 20 states to 40 states across the US. This significantly enhances the company's ability to serve small businesses seeking up to $250,000 in capital with its recently announced suite of financing products ranging from its CrowdLoan term loan, to its CrowdLine working capital line of credit.

"Our newly expanded footprint will allow us to serve a much broader population of small businesses across the US, many of which are in need of fair, transparent, growth capital. Our team at Dealstruck is highly motivated to increase our support for entrepreneurs by setting them on the path to becoming bankable," said Ethan Senturia, co-founder and CEO of Dealstruck.

This announcement comes on the heels of Dealstruck's recent nationwide partnership with the National Small Business Association (NSBA), a small business advocacy organization with 65,000 small businesses members nationwide.

"As an official partner of Dealstruck, we are pleased about its increased ability to offer the newest creative financing options to a larger and growing percentage of our membership," said Todd McCracken, NSBA President and CEO.

Senturia and the NSBA will co-host an educational teleconference on April 24 at 2:00pm ET, titled, "Tax Time is the Right Time to Secure Financing." Senturia will provide his perspective on which key small-business items are most helpful in underwriting. He will also share insight on creative financing strategies and the lending techniques use by some of today's leaders. To register, please visit http://www.nsba.biz/?event=teleconference-tax-time-is-the-right-time-to-secure-financing.

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/.