AUSTIN, Texas--(BUSINESS WIRE)--CrowdOut Capital LLC, a pioneering non-bank, private lender for middle market companies, today announced the opening of its Dallas office and the hiring of Stu Bell to lead the market. Bell has more than 20 years of experience in commercial banking and private equity.
“From an investor and a borrower perspective, Dallas makes the most sense for our second office, and there is no one more qualified than Stu Bell to lead it,” said Alexander Schoenbaum, CEO of CrowdOut Capital. “His background in private equity and commercial lending provides an invaluable perspective to our team. Stu’s integrity and work ethic are perfectly aligned with our already growing company.”
CrowdOut experienced an 8X growth in loan originations in 2018, while expanding its investor network by 150 percent. The new Dallas office will accommodate the rapid company growth, which has grown its team by 100 percent year-over-year. Bell will be Managing Director of the Dallas office, leading business development, managing customer retention and identifying lending opportunities.
Bell spent the bulk of his career in multiple senior roles at Comerica Bank. Most recently, he held leadership and consulting positions at Cypress Growth Capital and Teakwood Capital. A Dallas resident of more than 18 years, Bell received his Bachelor of Science in Finance from Trinity University in San Antonio and a Master of Business Administration from the McCombs School of Business at the University of Texas in Austin.
Founded in 2015, CrowdOut is the first and only company in the market to use 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 CrowdOut
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.
