Onset Financial Completes $14M Energy Transaction
June 14, 2017
Onset Financial has delivered $14-million in financing on mobile well servicing equipment for a large energy company.
“When we first contacted the lessee, they were thrilled to learn that we could provide competitive terms and deliver funding within 10 to 14-days,” said Matt Burrows, Executive Vice President of Sales of Onset Financial. “This equipment will immediately generate significant revenue well in excess of the lease payments so it’s a homerun for the company.”
“We enjoyed working with Onset Financial and are impressed with their ability to quickly fund equipment critical to our business,” said the energy company Chief Financial Officer. “This partnership will allow us to continue growing our company by providing energy services to all of our valued customers.”
“We are proud to aggressively finance the energy industry when other underwriters in equipment finance are shying away,” said Justin Nielsen, Chief Executive Officer of Onset Financial. This is just another demonstration of the competitive advantage we have in the marketplace.”