This networking company has been helping tech companies around the country over the last 50-years. They pride themselves on making better, stronger and safer products that help their customers.
This was a challenging transaction. The CFO could not find financing due to the equipment location, soft collateral and having a foreign parent. Most of their customers were located in Texas, Louisiana, and Mississippi so the property was spread out over three states. Onset was able to deliver an approval when the customer had been previously shot down.
Onset was able to deliver an approval when other finance companies turned them down. The customer was thrilled Onset was able to help the company grow.