Onset Funds $20M in Refinery Equipment

October 08, 2014

Onset Financial is nearing completion on a funding of $20M in refining equipment for a Texas-based energy company. This equipment, spread between several locations across the Southern United States, will be used for refining of various products including petrochemicals, asphalt, and low-emission fuels for everyday use.

“We are thrilled to help our client keep up with the increasing demand for roadways and fuel in a growing America,” said Libby Lohnes, Vice President of Sales for Onset Financial. “Securing financing for equipment at multiple locations in different states can be very challenging. We are excited to provide them with the funding to help fuel their growth.”