Onset Financial is nearing completion on a funding of $20MM in refining equipment for a Texas-based energy company. This equipment, spread between several locations across the Southern U.S., will be used for refining of various products including petrochemicals, asphalt and low-emission fuels for everyday use.
“We are thrilled to help our client keep up with the increasing demand for roadways and fuel in a growing America,” said Libby Lohnes, vice president of Sales for Onset Financial. “Securing financing for equipment at multiple locations in different states can be very challenging. We are excited to provide them with the funding to help fuel their growth.”
The core purpose of a UCC financing statement is to give notice to secured parties, lien creditors, purchasers and other third parties that the secured party identified in the financing statement claims an interest in the collateral described in the... read more
The future of equipment financing reminds me quite a bit of college — biking in college, to be specific. Let me explain. Many college students work summer jobs in the weeks leading up to freshman year, saving money to meet... read more