SOURCE: Dealstruck

Dealstruck

August 28, 2014 08:00 ET

Dealstruck Funds GIA Power Management With CrowdLine Line of Credit

Commercial Development and Construction Company Secures Growth Capital Quickly via Dealstruck Loan Designed for Growing, Profitable Small Businesses

SAN DIEGO, CA--(Marketwired - Aug 28, 2014) - Dealstruck, Inc., an online crowd-lending provider, has provided GIA Power Management with Dealstruck's CrowdLine line of credit. An alternative to high-interest loan options, the line assisted GIA when the company was unable to find traditional financing in a new market. The increased cash flow enabled by the Dealstruck Crowdline has enabled GIA Power Management to maintain aggressive growth.

"GIA is one of many successful businesses unable to have its needs for growth capital funded through traditional sources, and we're glad to have provided the company with a unique loan solution that allowed it to scale," said Ethan Senturia, CEO and co-founder of Dealstruck. "All too often, companies are restricted by loan options with unreasonable payment terms. These loans disallow growth and deter focus from key operations. GIA is a solid, healthy business and we are happy to offer them a loan that will enable them continued success."

GIA (www.giapm.com) offers a full spectrum of services to the commercial and industrial industry. The company specializes in energy efficiency, including heating and air conditioning, electrical, solar and general construction. As a small, service-focused business, GIA had suffered from long payment terms with its customers, which left the company tight on the funds needed to process payroll or purchase necessary materials and equipment. Other lenders and loan brokers demanded a percentage of GIA's earnings each day, which hindered the company's ability to grow.

"Dealstruck was the right answer at the right time," said John Finney, founder and CEO of GIA Power Management. "After taking out a couple of hard cash lines, which helped us out in a pinch but further constricted our cash flow until we paid them off, we're glad to have finally found a loan with terms that worked for us when the banks could not help us. Our business runs smoother now; since taking an initial Dealstruck line of credit, we've grown exponentially and Dealstruck has given us additional capital as we've needed it."

Dealstruck offers businesses and investors the opportunity to access multiple credit products. Its online platform connects growing small businesses with accredited investors, providing borrowers with the growth capital they need quickly and easily, and providing investors with freedom over which opportunities they pursue. Dealstruck designed its CrowdLoan term loan product and CrowdLine working capital line of credit for growing, profitable small businesses looking for fast, fair and transparent financing.

About Dealstruck
The Dealstruck lending marketplace connects profitable, small- and medium-sized businesses (SMBs) with innovative credit solutions funded by individual and institutional accredited investors. Unlike the one-size-fits-all approach offered to them by banks and the high-cost, short-term credit offered to them by alternative lenders, Dealstruck provides growing SMBs with a suite of products that give them a credible and transparent path to bankable. Dealstruck is the first crowd-lending platform to offer multiple products to SMBs, and the first to allow investors the freedom to choose specific investments. For more information, please visit https://www.dealstruck.com/.