Onset Announces $2.5MM Restaurant Equipment Financing
Published July 5, 2012
Categories: Industry News
Onset Financial said it has approved $2.5 million in restaurant equipment financing for one of the most nationally recognized names in the restaurant industry. More than half of the approval has already been funded on equipment ranging from point-of-sale to kitchen equipment and furnishings, assisting the national dining chain in the renovation of existing locations and increasing its market presence with multiple new locations.
“The restaurant industry has been hit pretty hard with the economic downturn,” said John Henderson, vice president of sales at Onset Financial. “Additionally, most underwriters consider restaurant equipment to be low-appetite collateral. It’s very satisfying to help our clients grow and push through their challenges.”