4 tax time tips for Amazon Marketplace sellers

originally posted on Internet Retailer Steady losses and working from a home office tend to get the attention of the IRS. It’s that time of year again—tax time.  No matter the size of your Amazon Marketplace business, you will need to file taxes either independently for your business or included in your personal filing.  If…

4 Things I Wish I Knew When I Started My Business

I’m one of those people who other people (I think) call an entrepreneur. While I’ve spent part of my career working for other companies, the truth is that there was always that idea, that desire to make my own company, driving me forward every day. Now, as the Co-Founder and CEO of Dealstruck, I’m one…

Top 5 Tips to Start Your Startup Right

Are you ready to start working for yourself? A startup is a marathon without a finish line, but if you start out strong and keep yourself hydrated, you’ll stay on your feet and go the distance – take it from someone who has gone a few miles down this metaphor and learned a thing or…

Deceptive Lending Practices — From Auto Loans to Small Business Finance

The New York Times recently published a front page article on the aggressive, deceptive practices at play in the subprime used car market.  Although auto lending is far removed from the small business lending we do at Dealstruck, there are some similar dynamics at play when business owners seek capital from alternative lenders. DEALER INTERMEDIATION…

Behind the Curtain: Why does Dealstruck charge a pre-payment penalty?

As part of Dealstruck’s commitment to transparency, we try to pull back the curtain on the “tricks of the trade” to arm you with the accurate and complete information you need to make the best financing decision. One common refrain we run across is from merchant cash advance (MCA) providers touting that their product has…

San Diego Startup Week — You can build a tech company here!

When I started Dealstruck, one of the first questions most people would ask me was, “So, when are you moving to The Valley?” Repeatedly I was told, “There is no money in San Diego” and “There is no talent in San Diego” and, so of course, “You can’t build a tech company in San Diego.”…

Commercial Lending Should be as Transparent as Consumer Lending

When you are shopping for a mortgage, you know that you’re comparing apples to apples when you compare interest rates and terms from banks. This is because consumer lending is protected by the Truth in Lending Act, preventing any predatory lenders from hiding overblown rates behind tricky language and technicalities. Unfortunately, alternative lenders in the…

Why are you holding my money? A word on advance rates.

Our line of credit product is extremely popular with enterprise businesses who often carry large Accounts Receivable (“A/R”), as our customers can then access those unpaid revenues as needed. At Dealstruck we grant a line of credit that’s equivalent to 85% of your current A/R, but a common concern we hear from clients is: “I…

How Crowdlending Solves the Dodd-Frank Problem

Historically, local banks have been the closest ally of small and medium sized businesses (SMBs), as relationship building and community reinvestment tend to be closely held values in making lending decisions. However, the SMB lending landscape has changed significantly in the past few years due to two unrelated, but important factors: The total number of…