Rainstar Capital Group, a Grand Rapids, Michigan based multi strategy private equity firm announced today it had provided a purchase order finance facility of $2,000,000 for a fuel distributor in Houston, Texas. The client needed startup funding to fund new fuel purchases.
Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, "We are excited for this new company to keep growing and exploit its potential.” Rainstar was able to arrange a working capital and purchase order finance facility so that the company could perform on its new business objectives.
The refineries where the startup company would make new purchases required proof that the refinery's invoices would have little risk of default. "Our Bridge to Bankable Program is a great program for companies that are not bankable for many reasons,” noted Rainstar Capital Group's Managing Director Ervin Hughes, who assisted the client on the transaction. He also added: "We do not offer "cookie cutter" financing solutions, we can typically structure financing that is specifically tailored to meet the customers’ needs.”
Rainstar Capital Group provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions through its lending platform of 250 registered lenders, while investing in distressed debt portfolios, commercial and residential real estate. The firm operates a national platform with representation in multiple cities and states.
Rainstar Capital Group noted that it was providing growth capital to clients seeking commercial real estate, corporate finance, equipment and working capital solutions. The firm noted that they continue to grow their internal team of Managing Directors with a focus on hiring commercial bankers and capital market professionals. Interested finance professionals can apply here: rainstarcapitalgroup.com/careers
Ervin Hughes
Managing Director
Rainstar Capital Group
Direct: 832-559‐0550
Ervin@rainstarcapitalgroup.com