Onset Financial Completes $14MM Energy Transaction

Back to
Today's News

Onset Financial delivered 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 home run 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 CFO. “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, CEO of Onset Financial. “This is just another demonstration of the competitive advantage we have in the marketplace.”

Founded in 2008, Onset Financial is an equipment leasing and financing company specializing in offering increased funding options to its clients.

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.