Funding to Premier Market Research Company Spurs Growth
AUSTIN, Texas–(BUSINESS WIRE)–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.