LENDINGTREE, INC. CARLSBAD, CA--(Marketwired - Jul 28, 2015) - Dealstruck, the online direct lender with the most flexible financing options for small businesses, has partnered with LendingTree®, the nation's leading online loan marketplace, to give small businesses the most immediate, customized and cost effective commercial loan products to meet their needs.
Through the partnership, customers of LendingTree's Small Business Loan Marketplace gain access to Dealstruck's flexible, custom-made financing solutions and multiple line of credit products to support businesses at any stage in their lifecycle. It is currently one of the top lenders in the LendingTree Small Business Marketplace.
Like small business owner Dennis Corrado, president of New Line Products LLC, a manufacturer and distributor of dental hygiene and beauty-enhancing products (http://www.kissmeteethwhitening.com) who found himself in a tough situation familiar to many small business owners: paying too much for a high interest inventory line of credit. Finding Dealstruck through the LendingTree Small Business Loan Marketplace proved to be a game changer for Corrado, who was able to cut his interest rates and save substantial amounts of money by switching to a flexible Inventory Line of Credit from Dealstruck.
"I wanted a partner who could help educate me on the products and best position us for growth, and I found that through the LendingTree marketplace," said Dennis Corrado, president of New Line Products. "Dealstruck not only had the inventory line of credit we needed, but they were able to tailor the product in a way that's been extremely cost effective for our business."
According to Candace Klein, Chief Strategy Officer at Dealstruck, "LendingTree has been an invaluable partner in connecting us with borrowers like Dennis who can benefit most from our unique financing products -- or that could not otherwise secure capital from traditional lenders. We are focused on creating products and solutions that help small business owners save and grow."
With banks having such a high barrier to entry, and so many companies getting into the alternative lending game, prospective borrowers have a wealth of issues to confront when shopping for a lender that fits their needs. The effectiveness and ease of LendingTree's marketplace combined with Dealstruck's unique direct lending have created a paradigm shift in the way small businesses connect with lenders, saving them time, money and sanity -- and ultimately getting them the capital and insights they need to grow.
"Our marketplace is designed to help take some of the stress out of the search process for customers seeking loans, and Dealstruck has been a tremendous partner in making financing a reality for many small businesses," said Ryan Alex, Business Development at LendingTree. "We're pleased to be able help connect small businesses like New Line Products with lenders like Dealstruck that can best fit their needs. It's a real win-win."
Launched in 2014 in response to the burgeoning trend of alternative lending for small businesses, LendingTree's Small Business Loan Marketplace provides small businesses with lender recommendations based on their loan criteria and business needs. Founded in October 2013, Dealstruck is one of the only alternative lenders to offer multiple line of credit products that can be customized to fit the needs of B2B and B2C small businesses wherever they are in their lifecycle. Offering complete transparency regarding fees, Dealstruck is focused on helping its clients obtain healthy financing to help grow their businesses.
About Dealstruck
The Dealstruck lending marketplace connects profitable, small- and medium-sized businesses (SMBs) with innovative credit solutions funded by individual and institutional accredited investors. Unlike the one-size-fits-all approach offered to them by banks and the high-cost, short-term credit offered to them by alternative lenders, Dealstruck provides growing SMBs with a suite of products that give them a credible and transparent path to bankable. Dealstruck is the first online lending platform to offer multiple products to SMBs, and the first to allow investors the freedom to choose specific investments. For more information, please visit https://www.dealstruck.com/.
About LendingTree
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