Dealstruck, a peer to peer lending platform that will provide credit to small businesses for up to $500,000, has shared it has surpassed $50 million in lending. This milestone was achieved by originating over 500 loans.
A spokesperson for Dealstruck stated;
“In less than two years we’ve experienced record growth, having built our organization on meeting the unique needs of small businesses that could not otherwise secure capital from traditional lenders. We look forward to building on our growth to-date by setting even more businesses on the path to becoming bankable.”
This past April, Dealstruck announced $58 million in funding to finance small business lending. The company received a $50 million credit facility and a $8 million in equity from Trinity Ventures. The platform accepts accredited investors and institutional funds.