San Diego-based Dealstruck, an online crowdlending platform, today announced that the company has doubled its lending footprint from 20 states to 40 states across the U.S.
The company says the move will enhance 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 U.S., 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 p.m. 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.