M
Michael
US
Review
Review of Dealstruck
M
Michael
US
Feb 06, 2015
Small Business Debt Restructure and Working Capital
My company is extremely satisfied with the service provided by Dealstruck. We have been actively seeking a refinancing package for over two (2) years with no success. Despite cash flow coverage of 2X to 3X, traditional lenders found one excuse after another to deny us a traditional term loan and a line-of-credit. As a result, the company had to rely on high-interest daily repayment loans and invoice factoring. Even with a track record of repaying the exorbitantly high-interest loans with no lapses, that was still not enough to convince any traditional bank.
The maddening part about all of this was that the traditional lenders received taxpayer dollars to provide liquidity to small businesses to help the economy recover as part of the financial bailout. These lenders have done the exact opposite, leaving small businesses with very few alternatives to finance their businesses.
We discovered Dealstruck and within one (1) week, they understood our business, our growth objectives and our cash flow situation. In that same time period, they were able to refinance our current debt in the form of a term debt and provide us with a flexible line-of-credit to manage our working capital needs for our growing business.
Dealstruck truly represents an under-served market of providing a financing alternative between a traditional lender and the high-interest, short-term daily repayment loans for small companies. We have nothing but the highest regards for the expeditious and professional manner in which they met our needs. They are truly the lender of choice for small businesses. The team we worked with of Lana, Herb, Camille and Amber were all terrific.
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Date of experiance: Feb 06, 2015