SOURCE: Dealstruck


January 12, 2015 08:00 ET

Dealstruck Provides Growth Capital to Government Contractor 2M Research Services

Direct Lender's Term Loan and Line of Credit Enable Federal Agency Contractor to Continue Its Rapid Expansion

SAN DIEGO, CA--(Marketwired - Jan 12, 2015) - Online direct lender Dealstruck, Inc has provided growth capital to 2M Research Services, a federal government contractor that assists agencies in the areas of health services research, population health, program evaluations, large-scale data analysis and survey research. Dealstruck's term loan and line of credit, designed for growing, profitable small businesses, will enable 2M to pay off its Merchant Cash Advance (MCA) and provide the company with increased cash flow, enabling 2M to continue its rapid expansion by hiring new staff.

"MCAs have extremely high interest rates that limited our growth, but Dealstruck understood the issues our business was facing," said Marcus Martin, 2M Research Services' founder and CEO. "Dealstruck was the first lender to offer us options that helped us pay off our high-interest advances while also giving us the freedom to grow. Dealstruck was the first lender to be transparent, and the first lender willing to work with us to offer us a solution that met the specific needs of our business."

Headquartered in Dallas, TX with additional offices in Atlanta and Washington, DC, 2M offers a unique combination of subject matter experts and research professionals. Martin believes that this talent, along with the fact that 2M is a small and nimble company, is the reason it is an attractive vendor to federal agencies. Less than three years after launching, 2M signed more than $2 million in new contract work. Growth capital became critical to the company's ability to accept the business opportunities it was receiving, and Martin needed to add to his team nationally to be able to handle the work. He began searching for financing.

Dealstruck provided 2M with a two-year term loan and an asset based line of credit at less than half the cost of its other options. The term loan had manageable, fixed monthly payments and the line of credit let 2M access cash immediately and only pay down the balance as its customers submitted payments. This growth capital let the company continue its rapid growth by making payroll and hiring new staff. Since receiving funding from Dealstruck, 2M has continued to aggressively increase its revenue.

"2M is a great example of a successful and profitable government contracting small business unable to find growth capital from traditional lenders," said Ethan Senturia, Dealstruck's CEO. "Dealstruck offered Marcus healthy loan options that enabled his company to manage its rapid growth for continued success. We are glad to support 2M in its ability to accept all of the business opportunities coming its way, and happy to help 2M along its path to becoming bankable."

Dealstruck was the first online lender to offer businesses the opportunity to access multiple credit products, which were designed 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 online 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