CrowdOut Capital Provides $4.75 Million Loan to Precision Opinion
AUSTIN, Texas--(BUSINESS WIRE)--Feb 28, 2019--CrowdOut Capital LLC, a pioneering non-bank private lender for middle market companies, today announced the completion of a $4.75 million term loan to Precision Opinion, one of the leading market research companies in the U.S. The company provides insights for political organizations and social science agencies using Computer Assisted Telephone Interviewing technology. Proceeds from the loan will be used to refinance existing debt and provide additional growth capital.
“CrowdOut offered the flexibility we needed to continue on our growth trajectory,” said Jim Medick, President of Precision Opinion. “The support and capital provided by CrowdOut will prove to be invaluable as we head into the 2020 election cycle.”
Based in Las Vegas, Precision Opinion houses a 650-seat CATI data collection center and a state-of-the-art focus group facility that includes a commercial grade kitchen and 48-seat movie theatre. It currently employs more than 700 Nevadans and has provided invaluable insights into the last three U.S. Presidential elections.
“We are filling the void in the market for a flexible lender that healthy, middle market companies such as Precision Opinion need,” said Alexander Schoenbaum, CEO of CrowdOut Capital. “We have created a better lending solution in the midst of today’s glut of alternative capital. We will never take advantage of our borrowers – we want to collaborate with them to help them succeed.”
Founded in 2015, CrowdOut is the first and only company in the market using a web-based platform to offer individuals the opportunity to invest as little as $1,000 directly into corporate loans that range from $4 million to $50 million in size. Companies rely on CrowdOut to help reduce lending costs by streamlining the underwriting process and drastically reducing fees, which is in stark contrast to traditional financial institutions and other non-bank lenders. CrowdOut’s underwriting includes extensive due diligence to ensure a comprehensive understanding of each company.
About Precision Opinion
Founded in 2006, Precision Opinion is a national public opinion polling and market research firm providing consultative, data collection and analytical service for government agencies, non-profit research organizations, political pollsters and the entertainment and hospitality industries. The Company collects quality data that provides Americans with a way to share their opinions and influence major organizations. For more information, please visit www.precisionopinion.com.
CrowdOut Capital is a private lending syndication platform that offers profitable, middle market companies a better way to raise capital. Its tech-enabled marketplace provides a solution for companies seeking non-bank lending while offering family offices, institutional and accredited investors the opportunity to invest in private debt on a deal-by-deal basis. CrowdOut has led more than $170 million in originations since inception.
To learn more, please visit www.crowdout.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190228005297/en/
CONTACT: Trish McCall
KEYWORD: UNITED STATES NORTH AMERICA NEVADA TEXAS
INDUSTRY KEYWORD: SMALL BUSINESS PROFESSIONAL SERVICES CONSULTING FINANCE
SOURCE: CrowdOut Capital
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PUB: 02/28/2019 08:00 AM/DISC: 02/28/2019 08:01 AM