Dealstruck Business Loans Review

Dealstruck is a business financing offering by Dealstruck, based in Carlsbad, CA. Founded in 0, Dealstruck offers access to small business loans in 50 states (and Washington, DC).

What are Dealstruck’s rates?

Dealstruck offers a fixed APR business financing product that ranges from 9.99% APR up to 27.99% APR.

Does Dealstruck charge an origination fee?

Yes, Dealstruck charges a loan origination fee starting at 0% of the business loan amount. Dealstruck deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Dealstruck set on the purpose of the business loan?

Dealstruck considers business loan applications for business purposes, such as:

• Equipment Purchase
• Lease Improvement
• New Location
• Product or Service Expansion
• Working capital

What types of small business loans does Dealstruck offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Dealstruck provides access to the following business loan types:

• Unsecured Term Business Loans
• Secured Term Business Loans
• Lines of Credit

Does Dealstruck charge prepayment fees?

Yes, Dealstruck charges additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

How much can you borrow from Dealstruck?

Business loan amounts start at $5,000 and go up to $500,000.

What is the maximum business loan term you can get with Dealstruck?

Dealstruck offers small business loans with terms ranging from 12 to 48 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for Dealstruck Business Loans?

Dealstruck Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $150,000 to be considered.

Applicants with a credit score of at least 600 and up to 850 may be eligible for Dealstruck Business Loans.

What is the estimated funding time for a business loan via Dealstruck?

Dealstruck can approve (or deny) a business loan application within 48 hours and fund small business loans within 5 business days of approval.