How does DealStruck determine loan amounts?

DealStruck determines loan amounts based on a variety of factors that reflect the financial health and business performance of the applicant. One of the primary considerations is the revenue and cash flow of the business seeking financing. DealStruck will typically analyze the historical revenue trends and current cash flow situation to assess how much capital the business can comfortably manage to repay. Another important consideration is the business credit profile. DealStruck evaluates credit history and scores to gauge the risk associated with lending to that particular business. A strong credit profile may allow a business to qualify for a larger loan amount, while a weaker profile could lead to a more conservative lending decision. DealStruck also takes into account the purpose of the loan. Different business needs, such as purchasing equipment, expanding operations, or managing working capital, may influence the amount that is approved. The intended use of the funds can indicate the urgency and potential return on investment of the loan, which is an important aspect of the decision-making process. Additionally, the collateral that a business can offer may play a significant role in determining the loan amount. Secured loans, where assets are pledged as collateral, might enable a business to secure a higher loan amount compared to unsecured loans. Entrepreneurs seeking financing through DealStruck can find more detailed information about this loan determination process, as well as any specific criteria, by visiting the relevant sections on the DealStruck website.