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Onset Financial Achieves Record-Breaking Growth of Nearly 90%

January 10, 2022, 07:23 AM
Filed Under: Industry News

For the third year in a row, Onset Financial has obliterated its previous year’s funding totals, with over $550 million in total lease transactions. This number represents a nearly 90 percent increase in year-over-year total business volume.

"One of the things that separates Onset from other companies is our willingness to reinvest in our people," said CEO and founder Justin Nielsen. "Whether you look at our facilities, events, swag or our processes, we are doing what it takes to create a successful environment. And it pays off – as you look at our trends, we've gone from the 21st largest independent in 2018, to 12th in 2019 to eighth in 2020, and now we finished 2021 projected to be third largest."

"Achieving these great successes does not come easily," said Melinda Haynes, President of Onset Financial. “It requires an incredible amount of dedication and hard work. We have our phenomenal team to thank for the strides we've made in 2021, and I can't wait to see what we accomplish in 2022."

In addition to its business successes, 2021 was full of giving back for Onset Financial. Onset's 501(c)(3) organization, Onset Gives, committed its resources to the awareness and early detection of breast cancer. These efforts included changing the Onset Financial logo from blue to breast cancer pink, hosting the Intermountain Healthcare Mobile Mammography Unit at the Salt Lake campus, and holding a gala in honor of those affected by breast cancer. In addition, donations collected are funding a breast cancer awareness campaign throughout the Salt Lake Valley, beginning with two billboards posted along I-15.

Incredible new business volume wasn't the only highlight of 2021 for Onset Financial. Over the year, Onset and its leadership won over 10 prestigious awards. These awards include Best of State, Inc. Best Workplaces, Salt Lake Tribune Top Workplaces, Globee CEO of the Year and Utah Business CXO of the Year. This recognition comes in addition to being named the eighth-largest independent leasing company by Monitor Magazine.

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