Top 4 Dealstruck Alternatives for Accessing Business Funding

These are the Top 4 Dealstruck Alternatives for Business Funding

If you’re searching for Dealstruck funding for your business, let’s first get the bad news out of the way: Dealstruck closed up shop back in November of 2016. Because of this, there’s no real way to provide you with a Dealstruck review of their non-existent products.

That said, there’s a market full of contingency plans to look to for business funding. And we’ll help you get started in your search by reviewing our four favorite alternatives to the funding that Dealstruck once offered before closing their doors.

With this resource, we’ll review your top Dealstruck alternatives and go over what happened to Dealstruck, exactly. So, read on for all the necessary information for finding the perfect Dealstruck contingency plan for your business.

Apply for Top Dealstruck Alternatives

What Happened to Dealstruck?

Dealstruck was an alternative lender that provided term loans and accounts receivable lines of credit to small businesses through their online platform. In this lender’s heyday, Dealstruck reviews from customers were glowing, and Dealstruck rates were some of the most affordable on the market.

Long story short, Dealstruck funding was a top-tier option for small business owners who wanted to access a traditional business term loan or a line of credit secured by their accounts receivable. But, because Dealstruck funding is no longer an option after its closing in 2016, and it doesn’t do to dwell on what could have been, we’ll dive into the best lenders still on the market that offer similar products to what Dealstruck funding used to be.

Alternatives to Dealstruck Term Loans

Our first batch of (former) Dealstruck competitors consists of two alternative lenders that offer funding similar the term loans that Dealstruck used to offer. If you opted for Dealstruck funding in the form of a term loan, you would have access loan amounts from $50,000 to $500,000 with terms ranging from six months to three years. When they closed in 2016, Dealstruck rates ranged from 9.99% to 27.99%, but keep in mind that market rates have increased since then.

To be eligible for a Dealstruck term loan, you would have had to fulfill four minimum requirements:

  • At least $150,000 in annual revenue
  • A personal credit score of at least 580
  • At least a year in business
  • At least break-even profitability

So, how do these Dealstruck alternatives compare to what Dealstruck funding was once able to offer businesses with their term loans.


The first lender to consider if you were hoping to get a term loan from Dealstruck is Fundation. Just like Dealstruck was, Fundation is an online, alternative lender that provides business loans that work a lot like traditional business loans but are much more accessible.

Though Fundation funding will work similarly to how Dealstruck funding worked, they will, of course, differ as you zoom into the details. Let’s check out the logistics on Fundation to see if this is the Dealstruck alternative for you.

    Loan Amounts

    Fundation provides term loans ranging in size from $20,000  all the way up toto $350,000. So, generally speaking, Fundation loans will be a tiny bit smaller on either end of their range than Dealstruck funding would have been.

    Term Lengths

    Despite their smaller loan amounts, Fundation term loans will typically come with longer repayment terms. Ranging from one to four years, Fundation’s lengthier repayment terms will make their term loans generally easier to repay than Dealstruck loans were.


    Another factor plays a huge part in how affordable Fundation will be in comparison to Dealstruck funding? Interest rates. Fundation term loans will typically carry interest rates ranging from 7.9% to 28.9%.


    While Dealstruck reviewed applications as a whole, Fundation will review applications based on whether they want less or more than $200,000. As such, they’ll have two blocks of minimum requirements of borrowers: one for those applying for less than $200,000 in funding, and those applying for more.

    If you apply for a Fundation term loan of less than $200,000, then you’ll need to check off the following boxes:

    • At least $100,000 in annual revenue
    • A personal credit score of at least 660
    • At least a year in business

    Alternatively, if you apply for a Fundation loan of more than $200,000, then you’ll need to be a bit more traditionally qualified, with the following feathers in your cap:

    • At least $750,000 in annual revenue
    • A personal credit score of at least 720
    • At least five years in business

Lending Club

If you’re shopping options for alternatives to the term loans that Dealstruck used to offer, then you should also look into Lending Club. Like Dealstruck and Fundation, Lending Club is an internet-based alternative lender who offers term loans to small businesses who might not qualify for a traditional loan from a bank.

    Loan Amounts

    Lending Club will offer loan amounts ranging towards the smaller side, even when compared with Fundation. Lending Club loans can be as small as $5,000 and as big as $300,000, so if you need a smaller term loan, then Lending club could be the perfect Dealstruck alternative for your business.

    Term Lengths

    Term lengths for Lending Club loans will also range longer than Dealstruck term lengths did, making them slightly more affordable. With Lending Club loans, you’ll have a term length of anywhere from one to five years to pay back your business debt.


    Finally, Lending Club rates will offer slightly more affordable terms than Dealstruck rates were able to. At just 5.9% to 25.9%, Lending Club’s interest rate range is able to outperform Dealstruck rates, even after years of increased market rates.


    Finally, to be eligible for this Dealstruck alternative, you’ll need to come to the table with the following credentials:

    • At least $50,000 in annual revenue
    • A personal credit score of at least 620
    • At least a year in business

Alternatives to Dealstruck Accounts Receivable Line of Credit

On the other hand, you might have sought out Dealstruck funding specifically looking for their accounts receivable line of credit. Through this Dealstruck product, customers were able to borrow against their outstanding invoices on a rotating basis.

Unfortunately, there’s not much information left on the exact amounts, terms, and rates that Dealstruck was able to offer through this funding product. That said, you can still see what minimum requirements Dealstruck required of

This accounts receivable line of credit was available to B2B businesses who fulfilled the following minimum requirements:

  • At least $150,000 in annual revenue or $12,500 in monthly revenue
  • A personal credit score of at least 600
  • At least a year in business

Let’s see what your top options are, now that this form of Dealstruck funding is no longer available.


The former Dealstruck competitor Fundbox offers a invoice-based line of credit much like the one that Dealstruck used to offer. With Fundbox, you’ll also be able to borrow against your business’s outstanding invoices on a rotating basis. Plus, because Fundbox is a tech-based lender, the experience of applying and continually working with them will be streamlined and intuitive. Let’s take a look at the numbers on what this Dealstruck alternative could offer your business:

    Credit Limits

    Fundbox offers invoice financing ranging from $1,000 to $100,000. The amount you’re able to secure at again given draw with Fundbox will depend on how much your business has outstanding in invoice value.

    Term Lengths

    Depending on your creditworthiness as Fundbox determines it, you will have anywhere from three to six months to repay whatever you draw from your invoice-secured business line of credit.


    You’ll pay interest on Fundbox funding in the form of a small weekly payment that will amount to 0.5% to 0.7% of the original invoice value.  You’ll pay this fee every week that between your drawing against your invoice and your customer fulfilling their invoice.


    Though Dealstruck reviewed revenue, personal credit score, and time in business for their minimum requirements, Fundbox will only review your time in business for its minimum requirements. As a result, you’ll simply need to have six months in business to be eligible for Fundbox invoice financing.


Your fourth and final Dealstruck plan B to consider is the online lender Kabbage. Unlike Dealstruck and Fundbox, Kabbage doesn’t offer lines of credit that allow you to borrow against your business’s accounts receivable. That said, their unsecured business line of credit will work very similarly, and won’t require you to have outstanding invoices (or be a B2B business in the first place) to access funds.

Kabbage’s short-term, revolving line of credit allows you to withdraw funds up to a certain, predetermined credit limit. You’ll repay whatever funds you draw over a predetermined payment term length, with interest payments frontloaded to your first repayment months.

If you’re a B2C or a non-invoicing business, then Kabbage will be your best Dealstruck alternative for accessing a business line of credit.

    Credit Limits

    Kabbage will offer you lines of credit with limits ranging from as low as $2,000 to all the way up to $250,000. As you need access to funding, you’ll be able to draw funds from your Kabbage line of credit without incurring a draw fee, as you might incur with other line of credit providers.

    Term Lengths

    Kabbage is also unique in its repayment setup: You’ll either have six months or a year to repay any funding you withdraw from your Kabbage line of credit. And, in spite of being short-term funding, Kabbage lines of credit will come with monthly repayment schedules, rather than daily or weekly repayment schedules that most other short-term funders will require.


    This Dealstruck alternative will also charge interest a little differently. For each withdrawal you make, you will repay most of the interest you owe within the first months of repayment. If you have a six-month repayment schedule, then you’ll repay 1.5% to 10% of your draw amount in the first two months, then 1% for the four remaining months. Alternatively, if you have a year-long repayment term, you’ll pay 1.5% to 10% interest during your first four months, then 1% for the remaining eight months.


    Again, Kabbage will review minimum requirements in a more tiered manner than Dealstruck reviewed theirs. Kabbage delineates their minimum requirements based on whether you want a credit limit of more or less than $100,000.

    For lines of credit of less than $100,000, Kabbage’s minimum requirements are as follow:

    • At least $50,000 in annual revenue or at least $4,200 in monthly revenue
    • A personal credit score of at least 550
    • At least a year in business

    For lines of credit of $100,000 or more, though, Kabbage will want to see the following minimum credentials:

    • At least $1.5 million in annual revenue or at least $125,000 in monthly revenue
    • A personal credit score of at least 680
    • At least three years in business

How to Decide on a Dealstruck Alternative

There you have it—all the information necessary for making a solid game plan in the wake of Dealstruck closing. If you started this article hoping to learn more about Dealstruck funding and all it entails, we hope you’ve learned enough about this former lender—and all of the top Dealstruck competitors—to realize that there are lots of alternatives to address your funding needs.

If you’ve found the perfect alternative to Dealstruck to meet your business’s needs and your preferences, then the next step is to learn more and, if you like what you see, simply apply!

Vice President and Founding Editor at Fundera

Meredith Wood

Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email:
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