After months of hard work and tireless effort, we are excited to announce that Dealstruck has completed the funding of its first loan.
The loan was made to a fast-growing telecommunications equipment and service provider in our hometown of San Diego that had been bootstrapped to more than $1M in annual sales. In trying to manage its cash-flow, the company was turning down orders and unable to realize its full potential.
Less than 48-hours after posting to Dealstruck, 11 individual accredited investors committed $100,000 to provide the company the funds it needed to capitalize on its growth opportunities.
We are thrilled to be providing borrowers with an experience that is fast, flexible, and convenient and to be empowering investors to earn an attractive return while supporting the growth of small business.
As excited as we are, this is just the beginning. The entire Dealstruck team is looking forward to continuing its mission to disrupt small business lending by putting great businesses and savvy investors on the path to success together.