Utica Leaseco completed two transactions totaling $1.2 million.

Utica completed the funding of a $1 million capital lease secured by machinery and equipment to a farm service and equipment rental company located in Iowa. The funding will be used to purchase new equipment and provide needed working capital to this important American company.

Utica also funded $200,000 on a capital lease to purchase new equipment for a fastener manufacturer located in Pennsylvania. This will bring the total funding to this customer to over $800,000. The financing was based on collateral, not credit.