$ 30 million initial funding in transportation

0


DRAPER, Utah .– (COMMERCIAL THREAD) – With an immediate cash flow problem at stake for one of the industry’s top transportation and trucking solutions providers, Onset Financial was able to quickly fund $ 30 million in tractors and road equipment for them. Onset’s ability to meet the transportation company’s tight schedule gave the lessee the assets needed to generate significantly increased profit margins.

“Transactions like these are a perfect illustration of why we love what we do here at Onset. CEO and Founder Justin Nielsen said, “Being able to provide funds that help this business recover and grow further fuels our passion for delivering the best equipment financing experience can offer.

By using creative structures unique to Onset’s offering, the tenant was able to overcome significant credit risk and secure financing before they had to sell their much-needed equipment to another party. This tailor-made structure provided essential payment to meet clients’ cash flow needs.

“I am extremely pleased to see a transaction of this complexity and size fund with the speed and precision it has completed,” said Heath Birchall, senior vice president of sales. “Working with a fantastic and engaged client has allowed us to show our capabilities and achieve our common goal. We look forward to a lasting relationship with this client.

Onset Financial was recognized as the 8th largest independent leasing company in the country by Monitor Magazine.

About Onset Financial, Inc. – Founded in 2008, Onset Financial, Inc. is a leader in the equipment leasing and financing industry. Onset’s seasoned management team has decades of equipment rental experience and key industry relationships that allow Onset to offer additional flexibility in lease structuring. For more information, call 801-878-0600 or visit www.onsetfinancial.com.


Share.

About Author

Leave A Reply