Onset + Energy

"Onset Financial stepped-in as a partner by financing equipment that banks did not want."

Energy, Oil & Gas

At a time when the banking world turned its back on the energy industry, and in particular spurned petroleum technology companies, Onset Financial stepped in as a partner to this customer by financing equipment that their banks did not want. Onset was willing to work with the customer to understand their banking relationships, including covenants on their senior credit facilities, and structure a lease to accommodate their need for financing mission-critical equipment. The financed equipment supported their ongoing operations and propelled this customer's turnaround by allowing them to quickly take advantage of the upswing in this cyclical market.



Lease Type

True Lease, Operating Lease

Company Revenue