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Mining Equipment


Transaction Highlights

Funded $10,000,000

Strong Relationship

Improved Mining Industry


This southeastern U.S. based mining company produces and supplies thermal and metallurgical coal to electrical utilities, steelmakers, and industrial companies. They currently operate five mines with an eye toward further expansion.

Why was Onset their best choice?

Onset Financial, through its subsidiary Mazuma Capital, funded $10M in surface and below ground mining equipment. This company was founded in 2008 and had less than 5 years of operating history when Mazuma began funding their leased equipment. Although the coal industry was out of favor, Onset secured the full $10M request and has enjoyed the relationship with the customer.

Company Revenue

Lease Type
Non-Tax Lease


They chose Onset because of the solutions we were able to put together that helped them accomplish all of their objectives.

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