Utica Leaseco announced the addition of George Garrod as business development representative. He will be responsible for marketing equipment sale leasebacks and term loans from $350,000 to $10 million secured by machinery & equipment on a national basis, and will be working out of the newly established Chicago office.

Garrod has worked in the asset-based lending arena for more than 25 years. He joins Utica from GemCap Lending and previously represented such organizations as Foothill Capital, Webster Business Credit and Textron Financial.