Direct lender DealStruck has increased the amount of money available for companies seeking invoice financing. The online lending platform will now offer up to $500,000 secured by outstanding invoices. Previously the online lender capped the amount at $250,000. DealStruck described the service as targeting B2B companies that are growing and have their cash tied up in unpaid customer invoices. DealStruck said their invoice financing product has been key to their platform success during the past three years.
“After lending more than $100 million nationwide over the last two years, we are excited to offer more capacity in financing our B2B clients, and we are happy to accommodate businesses looking for financing in excess of $250,000,” said Ethan Senturia, Dealstruck co-founder and CEO. “Dealstruck is committed to enabling access to capital for growing businesses in a way that’s fast, fair and transparent. Our invoice financing product is just one more tool we are able to provide to meet the unique needs of small companies that could not otherwise secure capital from traditional lenders.”
Dealstruck is an online direct lender and offers multiple products including flexible term loans and multiple line of credit solutions to small business owners.