Dealstruck looks for financing options for small and medium-sized businesses from sources beyond the traditional banks and financial lenders. The company goes to individuals who have enough wealth to be accredited investors and institutions to provide businesses with loans and lines of credit. Launched in 2012, Dealstruck says its primary customers are small businesses that cannot get the funding they need from traditional lenders. When a business applies for a loan or a line of credit, Dealstruck connects the applicant with the right lender or groups of lenders through its online marketplace.

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The Good

Dealstruck can offer businesses who may not be able to get loans from banks both term loans and lines of credit. The company seeks out private individuals and institutions that want to lend money and make a profitable return on their investments, while investing in the growth of small and medium-sized businesses. Lenders can review businesses who have submitted applications to borrow funds and select the ones they are interested in funding. Dealstruck actively seeks out small businesses as its customers and accepts applications from business owners who may not have perfect credit and businesses that are approaching breakeven but have not made it yet.

Dealstruck states its goal is to “to create a pathway to more mature financing, which ultimately graduates our clients to a bank or credit union.” Here is what we like about Dealstruck:

Interest Rates Decrease

Interest is charged only on the unpaid principal of the loans, so as you pay off the principal, the amount of interest charged will decrease. Dealstruck states this is different than loans from some other alternative lenders that are “priced as ‘cents on the dollar’ where a fixed amount of interest and fees are owed no matter how quickly the loan is paid back.”

Open to Most U.S. Businesses

Dealstruck states it makes loans to companies in most of the 50 states in the U.S. and accepts applications from a wide variety of industries.

Fast Online Application

Dealstruck will issue a response from underwriting within 48 hours of receiving a completed loan package. Once approved for a loan, the company claims it can fund many customers’ loans in under a week.

Transparent Fee Structure

Dealstruck clearly identifies the origination fees and the APR of its term loans. Dealstruck’s Loan Calculator shows potential customers what their APR and monthly payment will be for term loans based upon their credit score, the dollar value of the loan, and the term length.

Attractive Rates of Return for Investors

In an interview with, Dealstruck co-founder Ethan Senturia said the company can provide rates of return of between 5-15% to investors. These rates may attract new investors who can provide needed capital for small businesses.Disadvantages of Choosing DealStruck.

The Bad

Origination Fees

Dealstruck charges a 4% loan origination fee that is deducted from the principal of the loan during closing. Dealstruck provides a platform for lenders and borrowers and it needs to make a profit from its services. If you are considering applying for a loan with Dealstruck, the following are factors you need to consider:

Personal Guarantees

Every owner whose ownership interest is 20% or greater must be an applicant on the loan and each of these owners must also personally guarantee the loan. The personal guarantee means the owner is agreeing that should the business be unable to pay the loan back, the owner will use his/her “personal liquidity and assets” for the loan payments.

Rates Higher than Some Banks

Dealstruck admits its rates, which range from 9.99%-29.99%, are higher than traditional banks, but the company claims their rates are lower than some other alternative lenders.

Prepayment Penalty

If you pay off your loan early, Dealstruck charges a prepayment penalty of 1% per year of the principal of the loan at the time the loan is prepaid. Dealstruck provides the following example of its prepayment penalty: Paying off a two-year loan during the first year would cost 2% of the principal at the time the loan is paid off. If the loan was prepaid in year 2, the prepayment penalty would be 1% of the remaining principal.

Not Every Industry Qualifies

Although Dealstruck lends to a wide variety of industries, it does not lend to the following:

  • Financial Institutions (excluding bookkeepers, accountants, financial advisors, etc.)
  • Real Estate Investment and Development Companies
  • Medical Marijuana
  • Credit Repair
  • Collection Agencies
  • Residential Contractors

Dealstruck Loans not for Real Estate: The company’s loans cannot be used to finance real estate purchases or to refinance a real estate loan.
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The Bottom Line

If you are a small or mid-sized business who is having problems obtaining the necessary capital for your business from a bank or other traditional lender, you may want to consider Dealstruck. The company has an online process that lets you know within 48 hours if you are eligible for a loan and the rates and fee you will pay for the loan are revealed up front. Dealstruck’s rates are higher than some banks and you have to pay an origination fee of 4% on any loans it obtains for you, but using Dealstruck allows you to reach non-traditional lenders who want to make a profit while helping businesses grow.
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*Star Rating is determined by evaluating APR range, minimum credit score requirement, revenue requirement, length in business requirement, and other related approval data.

More Information

Dealstruck states it lends to U.S. businesses in most of the 50 states with owners who are either U.S. citizens or permanent residents of the United States. The company provides businesses with term loans from $50,000 to $250,000 with repayment lengths of 12-48 months.

Dealstruck’s online credit application takes the two most recent years of a business’s tax returns, bank account information, and the FICO score of the business’s primary owners and uses that data to develop a financing plan. Businesses must have been in operation for over a year and have at least $250,000 in annual sales. Dealstruck does not have a minimum required FICO score, but would like the owners’ scores to be above 600.

Types of Loans Offered
Rates Offered

8% – 24%
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Term Lengths

3-36 Months
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    April 4th, 2016 Atlanta, GA

    Was referred to deal struck to be disappointed by a slow rejection. My business has been in operation for 2+ years and make $20,000+ a month. I asked for a $50,000 loan and line of credit for inventory. Trent told me they’d get back with some options in 3 or so days. 8 days later, I receive an email stating that underwritting decided to pass due to insufficient cash flow and the business being overleveraged? How? I have 3 MCA that I currently pay $6,000 a month on. Somehow expensive MCA see your business as qualifed to pay this, however, these companies that are supposed to help with payments of $2,000-3,000 don’t think we can pay it. It’s a complete scam to have your business turn to these garbage companies. I believe they are receiving a commission on you getting horrible loans. Btw I have 705 transunion score and co-signor with a 798 and that makes $110,000 annually outside of the business. A complete waste of time.

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