Market Research Report on Dealstruck and Competitors

Overview of Dealstruck

Dealstruck is a financial services company founded in 2012 and based in Wilmington, Delaware. It specializes in providing small business loans, distinguishing itself as a leader in the alternative lending space by integrating technology with a diverse array of financing products. The company aims to offer businesses a credible path to mature financing, underpinned by its mission to provide unique, suitable, and affordable capital with honesty and transparency. Dealstruck empowers small business owners to grow, create jobs, gain independence, and drive the economy forward.

Financing Products: Dealstruck's financing solutions include traditional business loans, accounts receivable lines of credit, inventory lines of credit, and more. These offerings are tailored to fit various business needs, with loan amounts ranging from $2,500 to $500,000 and interest rates starting at 9.99% for term loans with durations up to 48 months. The company employs a proprietary online application process that provides real-time feedback, enabling businesses to prequalify instantly for suitable financing options.

Customer Focus: Not merely a lender, Dealstruck positions itself as a partner invested in the success of its small business clients. This customer-centric approach is reflected in its positive ratings, including a 5-star rating on Google, indicative of its integrity and commitment to fulfilling its promises.

Leadership

The leadership team at Dealstruck comprises:

Anthony Porrata, Chief Executive Officer, based in New York, leads the company towards innovative financial solutions aligned with market needs.

J. B., Chief Financial Officer, responsible for managing the company's financial strategy and operations.

B. T., Director of Sales and Business Development, crucial to driving the company's sales strategy and expansion efforts.

J. S., Funding Director, ensures seamless processes in funding operations.

A. W. and B. C., Managers in Sales, contribute to the development and execution of the company's sales operations.

Market Position

Dealstruck operates primarily in North America, with additional presence in Asia and Europe. It maintains an A+ rating with the Better Business Bureau and has provided over $5 billion in funding to more than 5,000 businesses globally. Despite operating in a competitive environment, Dealstruck is committed to becoming the most trusted provider of small business financing worldwide.

Strategic Vision

Dealstruck's vision is to bridge the gap for businesses that do not qualify for traditional loans, accelerating their growth with APRs significantly lower than those of other alternative lenders. The company's strategy includes a focus on building a robust team, leveraging technology, and fostering partnerships that allow small businesses to achieve their growth goals efficiently and effectively.

For more information on Dealstruck's financial solutions and offerings, visit their [website](https://www.dealstruck.com) or contact their dedicated support line at 855-610-5626 or email at sales@dealstruck.com.

Competitor Profiling

Overview of Competitors

Dealstruck operates in a competitive financial services industry, with numerous competitors. Notable competitors include Kabbage, OnDeck, Credibly, Bluevine, and LendingClub. These competitors offer unique platforms and financial solutions tailored to the diverse needs of small and medium-sized businesses.

Key Competitors

Kabbage

Sector: Financial Technology

Products: Automated cash flow solutions with unsecured and secured small business loans.

Funding: Raised significant venture capital and acquired by American Express, expanding their service offerings.

Technology: Utilizes proprietary algorithms for efficient credit extension, enhancing their competitive edge with fast financing options.

OnDeck

Sector: Small Business Lending

Operations: Technology-enabled platform offering flexible financing like term loans and business lines of credit.

Impact: Delivered over $15 billion in loans, featuring a fast application process with dedicated US-based loan advisors.

Affiliation: A subsidiary of Enova International (NYSE: ENVA), adding corporate robustness.

Market Position: Recognized for efficient digital operations and strong customer service values.

Credibly

Sector: FinTech Lending

Specialization: Offers working capital loans and merchant cash advances customized for SMBs.

Approach: Employs data science and technology for expedited financing, serving over 30,000 businesses across 1,000 industries.

Philosophy: Focuses on growth potential over traditional financial metrics, providing a personalized capital provision approach.

Bluevine

Sector: Business Banking Solutions

Innovation: Integrated financial service platform, combining high-tech solutions with traditional banking elements.

Services: Provides lines of credit, business checking accounts, and term loans.

Locations: Based in Silicon Valley, with significant presence in Jersey City and Tel Aviv, reinforcing their global perspective.

LendingClub

Sector: Digital Marketplace Banking

Services: Offers personal loans, business loans, and banking services.

Pioneering Position: First peer-to-peer lender with public offerings, and now operates as a bank holding company.

Market Influence: Known for governance in fintech, merging innovative solutions with ethical practices.

Competitive Analysis

Dealstruck faces stiff competition from these well-established firms, which leverage a combination of technology and customer-centric services to attract small and medium-sized enterprises. Dealstruck's competitive edge will rely on unique service offerings, personalized customer experiences, and leveraging technology for faster and more efficient service delivery. In this dynamically competitive market, strategic partnerships and ongoing technological advancements will be crucial for maintaining and enhancing Dealstruck's market position.