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Onset Financial Completes $14MM Energy Transaction

June 15, 2017, 07:00 AM
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Onset Financial has delivered $14 million in 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 at 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.”

This partnership will allow this large energy company to continue to grow by providing energy services to all of its valued customers.

“We are proud to actively finance the energy industry when other underwriters in equipment finance are shying away,” said Justin Nielsen, Chief Executive Officer at Onset Financial. “This is just another demonstration of the competitive advantage we have in the marketplace.”

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