Onset Financial funds $40M for an international energy provider
Draper — Leveraging their strong funding relationships, Onset Financial funded $40M for an energy provider. This lease transaction enabled the energy provider to begin implementing its growth strategies.
Due to the location and complexities of the equipment, this transaction presented an array of challenges. Onset was able to present the customer with a creative structure that highlighted the flexibility that Onset is uniquely suited to offer.
“To say that I’m incredibly proud would be an understatement,” says CEO & founder Justin Nielsen, “thanks to our phenomenal team and their tireless efforts, we were able to finance exactly what our client needed.”
As an energy provider, Onset’s customer serves vital power needs throughout the nation and internationally.
“The seamless collaboration through every facet of our organization made this possible,” said EVP of Documentation Kristina Allen, “everyone from our Documentation team and Credit team, to our funding partners was more than willing to go the extra mile to ensure that our customer’s needs were met and expectations were exceeded.”
Onset was recently recognized as the nation’s 8th Largest Independent Leasing Company by Monitor Magazine.
About Onset Financial, Inc. – Founded in 2008, Onset Financial, Inc. is an industry leader in equipment leasing and financing. Onset’s seasoned Management Team has decades of equipment leasing experience and key industry relationships that enable Onset to offer additional flexibility in lease structuring. For more information please call 801-878-0600 or visit www.onsetfinancial.com.