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Dealstruck Launches New Line Of Credit Product For Small Businesses

San Diego-based startup Dealstruck, the startup developing an online marketplace to help small businesses find loan funding, has rolled out a new product, saying today that it has launched a new, asset-based line of credit product. The crowdfunding site said the new product lets businesses drawn down funding like a credit card, paying interest only on the amount outstanding, with the ability to pay down their credit loans at any time. The company said its product is aimed at bank lines of credit, which the company says have been difficult for small businesses to access, and have been limited to larger businesses with monthly revenues of more than $500,000. Dealstruck is led by Ethan Senturia. The company is taking a different approach to crowdfunding, offering up debt-based funding to companies, rather than equity.


 

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