Mazuma Capital has just funded $5 million dollars for a retail company that operates hundreds of centers across the country. The funds allowed the company to finance a new venture they were undertaking. "We were excited to provide the critical financing to drive growth," said Matt Burrows, Executive Vice President of Sales at Mazuma Capital. "The client was looking for a lender that could provide flexible terms and structure while meeting their substantial funding requirements and we were able to deliver on all fronts." This transaction was challenging. “Onset was able to form a strong partnership and provide them the capital they needed with exceptional terms,” said Dustin Bond, Vice President of Sales. “Their annual revenue is strong and their proven track-record indicates this new venture will be successful.” Mazuma is proud to partner with strong companies across the country and offers flexible finance options.
Mazuma Capital Parent Company, Onset Financial, Named Among Utah’s Fastest Growing Companies for Second Year
Utah Business Magazine named Onset Financial, Mazuma Capital's parent company, on their Fast 50 as one of the state’s Fasted Growing Companies. This is the second year in-a-row that Onset Financial has placed on the Utah Fast 50 list. The rankings are based on two calculations: five-year revenue growth and total five-year revenue. “It’s amazing to see our team’s hard work recognized by the community,” said Scott Miller, President of Onset Financial. “Onset had an incredible 2017 and is on track to have the best year ever.” Attracting the nation’s best talent has continued to be a top priority and is, in large part, what the company credits as it’s secret to explosive growth. Later this year, the team will move into a newly erected state-of-the art 55-thousand square foot office in Draper.
Mazuma Capital has just funded $15 million dollars for a global medical device company. This billion-dollar organization leads its industry in cutting-edge technology that has revolutionized the world of sports medicine and recovery. “This was a transaction that took true teamwork from start to completion,” said Kristina Allen, Executive Vice President of Lease Operations for Mazuma Capital. “To work on such a complex and continuously evolving project of this magnitude and to be able to execute it with such speed and accuracy was a testament of the abilities of the documentation team here at Mazuma.” This customer works with nearly 100-thousand employees and has more than 14-hundred locations across the globe. “It was so rewarding to demonstrate our capabilities to this global company that provides household name products,” said Dustin Bond, Vice President of Sales for Mazuma Capital. “It took precision structuring to effectively meet the needs of this great customer.” Mazuma Capital’s parent company, Onset Financial, is wrapping up the highest second-quarter in company history and is set to move into a 55-thousand square-foot campus later this year.
Mazuma Capital just funded retail dispensers for a company that has a substantial footprint in the Midwest. This equipment allows the company to start an additional side to their business. “We are excited to provide the critical financing to drive growth,” said Steen Gustafson, National Marketing Manager for Mazuma Capital. “The client was looking for a lender that could provide flexible terms and structure while meeting their substantial funding requirements and Mazuma was able to deliver on all fronts.” Despite the unique nature of the equipment and the relative newness of the new venture, Mazuma Capital was able to provide fantastic terms to the customer. Mazuma Capital is a wholly-owned subsidiary of Onset Financial.
Utah’s leading publication, The Deseret News, just released this year’s list of Utah’s best places to work and Onset Financial, Mazuma Capital's parent company, is in the top 25. The list includes how likely people would be to recommend their company to a friend. “This is something we are very proud of,” said Debbie Worthen, Vice President of Marketing. “We take our corporate culture very seriously and know a company is only as good as its people.” Onset Financial has experienced more than 50% year-over-year growth for the past 10-years. “It takes the concentration of an entire organization to create a great company and a great work environment,” said Justin Nielsen, CEO of Onset Financial. “I’m grateful to all of the Onset team.” “It’s an honor to work for Onset Financial where our corporate culture and commitment to providing excellent financial service sets us apart,” said Kristina Allen, Executive Vice President of Lease Operations. Onset Financial recently started its own 501(c)(3) Onset Gives which will host its first charity golf tournament this summer. Proceeds will benefit HopeKids.
South Jordan, Utah — Mazuma Capital has just funded a national tourism company for the eighteenth time. The sale and leaseback program helps the company provide tours to some of the most enthralling destinations across the country. From San Diego at night to beaches along the east coast and areas like the Nation’s Capital, this transaction allows the company to expand and offer tourism experiences like never seen before. “We are into our sixth year of our relationship with this customer,” said Matt Burrows, Executive Vice President of Mazuma Capital. “As a legacy customer, we are, once again, proud to deliver critical capital for their growth.” Mazuma has helped their client grow to become one of the largest and most acclaimed tour companies in the United States. About Mazuma Capital Corp – Mazuma Capital is a wholly owned subsidiary of Onset Financial, Inc. and is an Equipment Leasing & Financing company providing capital and funding options to companies throughout the United States. Mazuma’s experienced leadership focuses on matching their client’s financing needs with terms that help businesses fuel growth and achieve goals.
South Jordan, Utah — Mazuma Capital has completed a $36 million true lease for a global medical diagnostics servicing firm. The sale & leaseback transaction, comprised of production equipment and soft costs, was vital for Mazuma’s customer. It allowed them to enhance their cash balance while maintaining strong EBITDA, and capitalize on additional opportunities to grow their business. “Our client needed to quickly complete this financing to move forward on several critical initiatives,” said Dustin Bond, VP of Sales with Mazuma. “Our swift turnaround and flexible solutions allowed us to craft a structure that could get our client the funds they needed to fuel their continued business growth.” The customer’s Corporate Treasurer added, “We selected Mazuma because of their creativity and commitment to get the deal done. In reflecting on this experience with Mazuma, we appreciated most their professionalism, attention to detail and transparency through the entire process.” "The ultimate success of this transaction was a result of the extraordinary collaboration between the customer and Mazuma,” said Justin Nielsen, C.E.O. of Mazuma Capital and Onset Financial, Mazuma’s parent company. "We have been working for years to build and diversify our industry-leading funding relationships. Projects like this are a demonstration of our unique funding capabilities. This transaction exemplifies how Mazuma can fill custom-tailored funding needs. It’s very fulfilling for our entire organization to provide our customers with funds that help their businesses grow.” About Mazuma Capital Corp – Mazuma Capital, a wholly owned subsidiary of Onset Financial, Inc., is an Equipment Leasing & Financing company providing capital and funding options to companies throughout the United States. Mazuma’s experienced leadership focuses on matching their client’s financing needs with terms that help businesses fuel growth and achieve goals.
South Jordan, Utah — Mazuma Capital has funded an additional lease schedule for a Southern U.S. manufacturing company. The project is providing additional CNC machines and related equipment, allowing Mazuma’s client to both increase capacity and enhance their product offering. This latest schedule brings the total funded with this client to $8MM. “This new and upgraded equipment was vital to our client’s ability to meet the growing demand they are seeing for their services,” said Matt Burrows, EVP of Sales at Mazuma. “Our wide array of financing options and efficient processes have helped us establish a fantastic working relationship with our client. It’s a great compliment that they keep coming back to Mazuma Capital.” About Mazuma Capital Corp – Mazuma Capital is an Equipment Leasing & Financing company providing capital and funding options to companies throughout the United States. Mazuma’s experienced leadership focuses on matching their client’s financing needs with terms that help businesses fuel growth and achieve goals.
South Jordan, Utah — Mazuma Capital has completed a $15MM lease financing transaction for an international energy company. The project enables Mazuma’s client to increase production at one of their central U.S. locations to meet the growing energy demands of the present market. The financing was secured by a bio-ethanol plant, associated real estate, and related production equipment. "The transaction posed extremely unique challenges since the customer was placing an idle plant back into operation," said Matt Burrows, Sr. Vice President at Mazuma Capital. "Getting this facility producing again is critical to helping our client capitalize on current market opportunities, and I’m pleased we can deliver the capital they need." The complexity of the transaction, combined with the company’s international presence, made this a satisfying transaction to complete. "Our documentation team was able to demonstrate tremendous flexibility and a high-level of expertise throughout the underwriting and funding process," said Kristina Allen, Vice President of Operations at Mazuma Capital. Scott Finlinson, Mazuma’s General Counsel, enjoyed working with the client. "We were very happy with the cooperation and responsiveness of our customer and their legal team, especially considering that they are a large multi-national firm. I look forward to working with them again." About Mazuma Capital Corp – Mazuma Capital is an Equipment Leasing & Financing company providing capital and funding options to companies throughout the United States. Mazuma’s experienced leadership focuses on matching their client’s financing needs with terms that help businesses fuel growth and achieve goals.