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.”
Most loan documents contain a default interest provision, which states that the interest rate of the loan will increase in the event of a default. Default interest is enforceable, at least in the absence of an unconscionable rate. (1) California Civil... read more
Tariffs and taxes have been dominating U.S. economic news this year. What do these developments mean for the equipment leasing and finance industry? Here’s what we know. Following economic news in assessing impacts of changing tariffs and taxes on the... read more