Rainstar Capital Group, a Grand Rapids, Michigan based multi strategy private equity firm announced today it had provided unsecured working capital term loan to a local women’s dress store in Philadelphia, Pennsylvania. The client needed working capital to pay off vendors due to what was happening from the Coronavirus.
Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, "We were pleased to assist this client with their capital needs in this critical situation we’re all in." Rainstar identified a lender who was still lending to retail stores that were shut down due to the quarantine. The client in Philadelphia specializes in high-end women clothes, with two retail stores in the area. "I was pleased to help the client maintain profitable margins due to being able to get cash to pay off inventory vendors at a discount.” noted Rainstar Capital Group's Managing Director Rich Rose, who assisted the client on the transaction.
Rainstar Capital Group has built a lending platform of 250 registered lenders that provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions while investing in distressed debt portfolios, real estate and high growth companies. The lending platform finances clients from $10K to $500M across all credit profiles and 1st and 2nd lien debt positions. Rainstar has developed its own magazine- Rainstar Capital Group Ultimate Lending Guide which highlights all 250 lender’s programs. Information can be found here: https://www.rainstarcapitalgroup.com/capital-markets/
"We allowed the vendor to be in a position to sell inventory when store reopens at discounted prices with it affecting the overall gross profit margins due to discounts negotiated with vendors for cash payments.” – Rich Rose
Please contact your local Rainstar Managing Director for financing inquiries:
Rich Rose
Managing Director
Rainstar Capital Group
Direct: 602-309-1007
Rich@rainstarcapitalgroup.com
https://www.rainstarcapitalgroup.com/submittorich