Wednesday, April 8, 2015

Dealstruck Gets $58M For Small Business Lending Site

San Diego-based Dealstruck, the small business lending site led by Ethan Senturia, has raised $58M in a combination of debt and equity, the company said this morning. Dealstruck said that it raised $50M in a credit facility from Brevet Capital Management, and $8.3M in equity funding from Trinity Ventures, for its small business loan marketplace. Dealstruck offers up crowdsourced loans to small businesses, who often have issues getting approval on growth financing and expansion loans from banks or credit unions. Dealstruck said the new funding brings its lending capacity to more than $100M.