Dealstruck announced yesterday (July 28) a partnership with LendingTree to provide more small businesses with quick, custom and cost-effective loan products to help those businesses gain better access to the loans they need.
This partnership will allow LendingTree‘s Small Business Loan Marketplace customers to use Dealstruck‘s financing options, along with multiple line of credit products that will help those businesses support their own needs. Dealstruck is one of the top lenders in LendingTree’s SMB marketplace.
Companies like Dealstruck and LendingTree have helped make the alternative lending market grow as small businesses look more toward options outside of traditional banks that often have tougher barriers to secure loans. But through the “paradigm shift in the way small businesses connect with lenders,” alternative lenders like Dealstruck and LendingTree have touted their ability to save SMBs time and money while securing the money they need to grow their businesses.
“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,” Ryan Alex, Business Development Director at LendingTree, said in a news release. “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.”
LendingTree’s Small Business Loan Marketplace provides small businesses with lender recommendations based on their loan criteria and business needs. Dealstruck is an alternative lender that offers multiple line of credit products for both B2B and B2C small businesses.
“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,” Candace Klein, Chief Strategy Officer at Dealstruck, said in the release.