Dealstruck, an online peer to peer lending platform, has committed an $200,000 “CrowdLoan” term loan to leading USwirl franchise owner in the US. The growth capital has enabled franchise owner Pat Long to expand her business by purchasing three stores throughout Pennsylvania.
Dealstruck connects growing, profitable organizations with accredited investors creating a compelling option to traditional bank financing. Long had struggled to get a bank loan and Dealstruck filled the void.
“After months of struggling unsuccessfully to secure a bank loan, and wanting to avoid financing options that could slow our expansion, we found Dealstruck to be an incredibly fast and easy solution,” said Long. “We’ve worked to differentiate from others in our market, which has contributed to our success. Dealstruck’s terms were healthy for our business and completely transparent. Within a couple of years, we’ve become the top sales leader and thank Dealstruck for its contribution to our growth.”
“Pat’s drive and business acumen present the perfect example of a franchise owner deserving of a loan, but struggling to get support even as positive growth is occurring,” said Ethan Senturia, co-founder and CEO of Dealstruck. “We exist to help growing, profitable businesses – including franchise owners – scale in a way that’s healthy for their business and as fast as they are able. We’re inspired by Pat and USwirl and are happy to have helped the Long family continue to thrive in the Northeastern US.”
Dealstruck is peer lending provider offering businesses and investors the opportunity to access multiple credit products, which address the unique needs of SMBs.