Onset Completes $2MM Energy Company Funding
South Jordan, Utah — Onset Financial is near completion of a $2MM equipment finance schedule with a Gulf-Coast mining-service company. The schedule is financing highly specialized equipment used to support and facilitate mining operations along the coast. Due to the high risk associated with the collateral, this transaction presented unique challenges which Onset was able to work with their client to successfully overcome.
"This project allowed Onset to showcase our extremely diverse funding capabilities with an important customer", said Justin Nielsen, Chief Executive Officer of Onset Financial. "Our client was so pleased with our funding that we are currently engaged in underwriting another round of similar equipment. That's the best endorsement we can receive, and we're excited to continue to provide the financing they require."
About Onset Financial, Inc. — Founded in 2008, Onset Financial, Inc. is an 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.