Onset Begins Funding $2.7MM Injection Molds
South Jordan, Utah — Onset Financial has begun funding $2.7MM for an east coast company which focuses on injection mold equipment. The equipment will allow Onset's client to take on additional capacity and continue to grow. Due to the specialized equipment, the customer had been struggling to obtain financing. Onset was the only institution able to secure their funds.
"The complicated aspect of this funding is based on the equipment being essentially all soft costs", said Scott Miller, Onset's President. "In today's risk-adverse credit market, that's difficult for many equipment finance companies to accomplish. I'm happy Onset was able to complete this transaction when no one else could."
About Onset Financial, Inc. — Founded in 2008, Onset Financial, Inc. is a mid-market Equipment Leasing & Financing company specializing in providing increased funding options to its clients. Onset's seasoned Management Team has decades of equipment leasing experience and key industry relationships that enable Onset to offer additional flexibility in lease structuring. For more information, please call 801 878 0600 or visit www.onsetfinancial.com.