Onset + Energy

"Onset was extremely professional in their approach..."

Sustainable Energy

After persistent follow up and relationshipping with the Lessee, he was willing to "pull a deal away from one of his other lenders and give it to us." This was a $3.2MM ethanol plant that had significant urgency--the vendor needed to be paid soon. The Lessee wanted a 48-month buck out. They signed a 36-month PRT. Once in credit, we modified to include quarterly payments, which they agreed to. After working with credit and getting feedback that projects in the ethanol industry were tough to get done, we restructured to a 24-month PRT with quarterly payments, which the Lessee was happy with. We were able to meet the Lessee's funding timeline.



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