Onset Provides $1.85MM for Building Supplier
South Jordan, Utah — Onset Financial has funded a $1.85MM Operating Lease for a supplier of high-quality building materials in the Western United States. The financing will provide vital heavy equipment allowing the client to significantly expand their footprint and market presence.
This transaction had inherent complexities due to a corporate structure where the parent company is headquartered in Central America.
"We are pleased to have successfully underwritten a rather unique and complex transaction with an 'out of the box' structure," said John Henderson, Vice President of Sales at Onset Financial. "Onset's ability to overcome international underwriting challenges enabled us to provide the financing needed to support our customer's immediate expansion."
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.