Daily News: September 11, 2017

Utica Leaseco Closes Two Transactions Totaling $850K


Utica Leaseco completed two transactions for capital leases totaling $850,000. The company funded a $500,000 capital lease on new equipment for a drug testing laboratory in Massachusetts. Utica provided funding to purchase the equipment and start operations.

Utica also completed the funding of $350,000 on a capital lease to an aggregate processor in Ohio. The funds went to assist the company in the purchase of equipment to fulfill a new contract. This is the 10th transaction that Utica has completed for this customer, bringing the total amount funded to more than $3.5 million.