On Wednesday, Dealstruck announced one of its customers, Colorado-based CAUTION: Brewing Co., finalized a second location called CAUTION: West.
The marketplace leader revealed that since the sale of its first beer in 2011, CAUTION: has experienced marked revenue growth. Before launching the second location, the company received numerous awards from beer festivals throughout Colorado.
Ethan Senturia, CEO and co-founder of Dealstruck, stated:
“Dealstruck was created to answer an unmet need by successful small businesses for loans that enabled them to scale. We’ve funded loans for more than 1,000 businesses, providing entrepreneurs with term loans and lines of credit that allowed them to focus on their businesses and to continue the growth they work hard to achieve. We’re proud of CAUTION: and are happy to witness the company’s ongoing success.”
Betty Wang, Co-founder of CAUTION:, noted:
“Our continued recognition as a favored micro-brewery is very exciting for CAUTION:, and a testament to our creative flavoring and innovative brewing practices. We struggled as most young or small businesses do to find capital, even being profitable and forecasting further success. Dealstruck was a launch pad for us — a safe harbor that helped us deal with the challenges of rapid growth and harness our growth for increased profits. We would not have likely been able to secure or manage our prosperity appropriately without Dealstruck.”
Earlier this year, Wang along with co-founder Danny Wang secured a $35,000 loan from Dealstruck. The funds have allowed the company to finalize the second location along with offering a new line of canned beers and pay off more debt.
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