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San Diego Entrepreneurs Launch Dealstruck Lending Marketplace for Businesses Seeking Expansion Capital

San Diego Entrepreneurs Launch Dealstruck Lending Marketplace for Businesses Seeking Expansion Capital

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Published by: Crowdsourcing.org on Jun 04, 2013
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06/04/2013

 
SOURCE: Dealstruck 
 June 04, 2013
San Diego Entrepreneurs Launch Dealstruck Lending Marketplace for Businesses SeekingExpansion Capital
Online Crowdlending Platform Connects Profitable Businesses inNeed of Capital With Accredited Investors
 SAN DIEGO, CA--(Marketwired - Jun 4, 2013) - Dealstruck, Inc. todayannounced the launch of itscrowdlending  platform that connects growing, profitable small businesses with accredited and institutionalinvestors.TheDealstruck  solution offers thorough credit screening on  business borrowers and allows investors the freedom to choose specificinvestments."Many great businesses are looking for an easier way to accessaffordable capital, and they are dissatisfied with their existing options inthe $50,000 to $1 million range," saidEthan Senturia,co-founder and CEO. "At the same time, investors are unhappy with the returns they aregetting from other short-term, fixed income instruments. WithDealstruck, investors can earn attractive returns -- generally 5-15%depending on the level of risk -- by funding loans to businesses that theychoose."
 
The quickly growing crowdfunding market has recently attracted Googleand Google Ventures, which have invested in several direct and peer-to- peer lending platforms. Dealstruck uniquely applies the success of thismodel to secured commercial loans by matching investors with small businesses that have been screened, and by allowing these businesses toaccess affordable capital on rational terms."Small businesses in need of capital are often overlooked by banks andsubject to a one-size-fits-all approach," said Jake Hansen, CEO of ZTelco, a telecommunications equipment and service provider based inSan Diego, CA. "We've watched Congress struggle to find ways to helpcompanies like us grow. Dealstruck is a welcome alternative that got our  business the expansion capital we needed quickly by connecting us to people who want to see us thrive. We look forward to growing our  business to the next level thanks to Dealstruck, and to providing our individual lenders a great return along the way."Unique to other crowdfunding platforms, Dealstruck is exclusivelyfocused on providing debt to established businesses in amounts up to $1million without reliance on the JOBS Act. The company is committed tomaintaining a high-quality, trusted marketplace that is fair andtransparent for borrowers and investors. Ultimately, Dealstruck transforms small business debt into an asset class that is accessible toinvestors at scale.Dealstruck has raised more than $1.5M in lending capital fromindividual accredited investors, and the company's first loan closed inMay 2013 when 11 individual investors fulfilled a $100,000 loan requestin less than 48 hours.

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