DRAPER, Utah--(BUSINESS WIRE)--Nearly doubling its total annual fundings from 2020 – Onset Financial shatters its previous record, funding an astounding $400M within the first six months of the year! In the last 12 months, Onset Financial funded nearly $600M and funded more during the second quarter of 2021 than the entire year of 2020.
Onset Financial had a record-breaking 2020, funding a total of $240M in lease transactions. Now, at the halfway point of 2021, Onset Financial has exceeded that number by 67% with a year-to-date funding total of $400M. These fundings cover a vast array of companies, industries, and equipment spread across the United States and around the world.
Onset continues to master the art of helping customers meet their financing needs by offering them the most comprehensive selection of funding options possible, a fact well-illustrated by this record-breaking growth.
“We are thrilled to accomplish the milestone of financing $400M in such a short amount of time,” said President Melinda Haynes. “Onset is successful because of our team’s accuracy, speed, and exemplary work ethic. We are looking forward to seeing what we will accomplish during the second half of the year.”
“2021 has proven to be a truly special year at Onset Financial and we are grateful for our key relationships and our magnificent team that have allowed us to achieve such spectacular results thus far,” said CEO & Founder Justin Nielsen.
Onset was recently recognized as the nation’s 8th largest Independent Equipment Leasing Company by Monitor Magazine.
About Onset Financial, Inc. – Founded in 2008, Onset Financial, Inc. is an 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.