Covid relief program Case studies

Helping Companies Recover, Rebuild and Grow

Click below to see a few examples of how Onset Financial has helped our customers with our COVID Relief Program.

Our COVID Relief Program

When the global crisis hit, the impact was hard and fast. Successful companies with plans to expand and grow were left scrambling to figure out how to adjust and keep operations moving forward. Onset Financial is proud to be at the forefront of offering fast relief to our valued customers. We deployed an internal Coronavirus Relief Program (CRP) Task Force to work with every customer in need of payment relief. We created the CRP to help our Lessees get through this unprecedented time. And, we are proud to say EVERY LESSEE that approached Onset for debt relief was approved.

We worked, on your behalf, to offer several months of deferred payments to help soften the blow of this crisis. We were able to provide clients with three-to-six months of reduced payments, in some cases up to 9-months of relief. In every case, we were successful in demonstrating shocking flexibility to our valued customers.  This flexibility is unprecedented.

Please, click on our case studies and see for yourself. Because, before the shutdown, we were strong. This has given us the opportunity to prove it! And, if it happens again. We will be here to help you recover, rebuild, and grow.

*These case studies are provided for informational purposes. The names of the customers and the specific details of their business and situation have been withheld. Qualification for Onset’s COVID-19 Relief Program is subject to review and approval by Onset and its underwriters.

How Onset Helps Businesses Recover

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Tourism

Tourism and Travel

90–Day Payment Deferral
90–Day Payment Reduction

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Freight

Rolling Stock

60-Day Payment Deferral

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Food Services

Restaurant

90-Day Payment Deferral
180-Day Payment Reduction

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Energy

Oil and Gas

90-Day Payment Deferral
180-Day Payment Reduction

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Marketing

Marketing Company

90-Day Payment Deferral

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Manufacturing

Manufacturing Organization

90-Payment Reduction

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Manufacturing

Manufacturing Corporation

90-Day Payment Deferral
60-Day Payment Reduction

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Manufacturing

International Aerospace Diagnostics

90-Day Payment Deferral
90-Day Payment Reduction

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Manufacturing

Electronic Manufacturing Services

90-Day Payment Reduction

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Manufacturing

Carpet Manufacturer

180-Day Payment Reduction

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Manufacturing

Auto Parts Manufacturer

60-Day Payment Deferral
7-Month Payment Reduction

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Aviation

Aircraft Parts

90-Day Payment Reduction

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Aviation

Aircraft Engine Specialists

180-Day Payment Deferral
90-Day Payment Reduction

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Aviation

Aircraft Corporation

90-Day Payment Deferral
90-Day Payment Reduction

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Aviation

Aerospace Part Supplier

90-Day Payment Deferral