Rainstar Capital Group Announces New Alternative Unsecured Credit Line Product for Growing Companies!
Rainstar Capital Group, a Grand Rapids, Michigan based national debt advisory firm announced today it had partnered with a lending firm to bring to market a new innovative growth capital credit line product.
Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, “We are pleased to have the opportunity to partner with this lender to provide this unique credit line to the market. Credit lines continue to be one of our more popular programs here at Rainstar and I am especially excited for the clients that this product will serve.”
The new credit line is an unsecured credit line that can go up to 500K in facility size. The line does not lien against inventory, equipment or accounts receivables but underwrites strictly from the cashflow the company and the personal credit of the business owners. The minimum required credit is 560 and annual revenue the business must do is 250k. The company applying for the credit line must be in business a minimum 6 months to qualify.
“What I am most excited about with this product is the minimum required credit score of 560,” noted Rainstar Capital Group’s Nederveld, “While we have many credit line products here at Rainstar, many require higher credit scores so to be able to have a sub 600 credit score product is a game changer!”
Rainstar Capital Group provides 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
For more information on Rainstar Capital Group visit rainstarcapitalgroup.com or email [email protected].
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