Onset Financial Completes $3.2MM Ethanol Plant Project
Published June 13, 2012
Categories: Industry News
Onset Financial said it has completed funding on an ethanol extraction facility for one of the nation’s top biofuel providers. Totaling $3.2 million, the project adds substantial increase in production capability for Onset’s client.
“This transaction had complexities due to the reduction of Federal subsidies which have historically been provided to Ethanol producers and suppliers” said Heath Birchall, vice president of Sales at Onset Financial. “Onset delivered a unique financing structure in a challenging industry & collateral environment.”