Onset Financial Funding Hit $210 Million In 2019

By Annie Baker • Jan 4, 2020
  • Leading independent equipment leasing company Onset Financial announced it made $210 million in total fundings in 2019

Leading independent equipment leasing company Onset Financial has topped all previous calendar years with $210 million in total fundings in 2019. In Q4 alone, the company funded over $85 million.

“A 77% increase over the prior year’s total fundings required an exceptional team performance,” said Justin Nielsen, Founder and CEO of Onset Financial. “We demonstrated a cohesive team bond and accomplished something very special this year.”

And 2019 also represented the first twelve-month period that Onset Financial occupied its new 55,000 square-foot building in Draper, Utah.

“Our unique funding capabilities combined with exceptionally gifted and talented people are the core ingredients of our success,” added Nielsen. “Watching our departments continue to perform at such a high level is definitely one of the all-time highlights of my career!”

Launched in 2008, Onset Financial has a goal of modernizing and refreshing the way businesses secure equipment financing. The company was also founded by president Scott Miller, SVP of Business Operations Charlie Sumpter, and SVP of Lease Operations Chantelle Brady.