Daily News: June 21, 2012

Onset Continues $4.2MM Funding With Fortune 500 Client

Onset Financial said it is continuing funding on a $4.2 million food production line for a publicly traded Fortune 500 company. Onset said it provided an equipment finance package that met the low-cost needs of the customer while allowing the project to install over an extended timeframe. The food production line being financed is a critical component to the completion of a recognized & established household-brand consumable product.

“An extensive overseas equipment build-out and shipping process made this transaction very rewarding to complete,” said John Henderson, vice president of Sales at Onset Financial. “We were pleased to be able to meet the customers requests and fund this transaction.”