Daily News: June 13, 2012

Onset Financial Completes $3.2 Million Ethanol Plant Project

Onset Financial has completed funding on an ethanol extraction facility for one of the nation’s top biofuel providers. Totaling $3.2 million, the project adds substantial increase in production capability for Onset’s client.

“This transaction had complexities due to the reduction of Federal subsidies which have historically been provided to Ethanol producers and suppliers” said Heath Birchall, vice president of Sales at Onset Financial, Inc. “Onset delivered a unique financing structure in a challenging industry & collateral environment.”

Founded in 2008, Onset Financial, Inc. is a mid-market equipment leasing and financing company specializing in providing increased funding options to its clients.