Onset Financial Funds $15M for International Automotive Supplier
SOUTH JORDAN, Utah--(BUSINESS WIRE)--Sep 19, 2018--Onset Financial has just financed $15 million dollars in relatively unsecured international equipment. This company has experienced extraordinary growth over the past few years and this financing will help them strategically grow their business.
“Completing a transaction of this magnitude in less than seven days is almost unheard of. This injection of capital will produce immediate benefits for our customer so I couldn’t be happier,” said Matt Burrows, Executive Vice President at Onset Financial. “We are fortunate to enjoy a strong working relationship with this customer and the leadership at both companies ensured a quick turnaround through cooperation and responsiveness.
As a global leader in automotive safety, this company provides products most drivers use on a daily basis.
“Teamwork, speed, and efficiency made this funding happen,” said Senior Vice President of Product Management, Melinda Haynes. “Once again, Onset was able to make a difference by quickly responding to the needs of a client.”
Onset is proud to team-up with this billion-dollar company to provide operating lease capital to this global T1a supplier.
About Onset Financial, Inc. – Founded in 2008, Onset Financial, Inc. is the industry leader in equipment leasing and financing. Onset’s seasoned Management Team has decades of equipment leasing experience and key industry relationships that enable Onset to offer additional flexibility in lease structuring. For more information please call 801-878-0600 or visit www.onsetfinancial.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005823/en/
CONTACT: Onset Financial, Inc.
KEYWORD: UNITED STATES NORTH AMERICA UTAH
INDUSTRY KEYWORD: AUTOMOTIVE PROFESSIONAL SERVICES FINANCE GENERAL AUTOMOTIVE
SOURCE: Onset Financial, Inc.
Copyright Business Wire 2018.
PUB: 09/19/2018 04:48 PM/DISC: 09/19/2018 04:48 PM