Onset Announces $2.5MM in Restaurant Financing
South Jordan, Utah — Onset Financial has approved $2.5MM in restaurant equipment financing for one of the most nationally recognized names in the restaurant industry. More than half of the approval has already been funded on equipment ranging from point-of-sale to kitchen equipment and furnishings, assisting the national dining chain in the renovation of existing locations, and increasing their market presence with multiple new locations.
"The restaurant industry has been hit pretty hard with the economic downturn," said John Henderson, Vice President of Sales at Onset Financial. "Additionally, most underwriters consider restaurant equipment to be low-appetite collateral. It's very satisfying to help our clients grow and push through their challenges."
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.