Dealstruck Provides Term Loan, Credit Line to 2M
Dealstruck provided growth capital to 2M Research Services. Dealstruck’s term loan and line of credit will enable 2M to pay off its Merchant Cash Advance and provide the company with increased cash-flow to continue its rapid expansion by hiring new staff.
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.
“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.”
“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.”
Dallas-headquartered 2M Research Services is 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.