FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Rainbow Play Systems Secures Credit Line with NewStar Business Credit

October 07, 2013, 08:03 AM
Filed Under: Manufacturing

Rainbow Play Systems, Inc. announced the company has signed a new credit facility agreement with NewStar Business Credit, LLC. NewStar specializes in providing a range of senior secured debt financing options to mid-sized companies to fund working capital, growth strategies, acquisitions and recapitalizations, as well as, equipment purchases. NewStar originates loans and leases directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments.

Rainbow is the residential playground equipment industry leader with over 500,000 play systems installed worldwide, over 200 Showrooms in America & 25 countries worldwide, over 100 swing set models and 100 swing set options. Rainbow is dedicated to U.S. manufacturing.

Rainbow and its former financial institution enjoyed a mutually beneficial 13-year relationship from 2000 to 2013. “Rainbow greatly appreciates the many, many years of support its former financial institution provided us through good times and bad times,” stated Greg Foster, Rainbow CEO and Owner.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.