Utica Leaseco completed a capital lease transaction totaling $1 million during the week of June 19, 2017.

The capital lease from Utica Leaseco on new manufacturing equipment was for an American company in Ohio. The funding will allow for expansion for new contracts. Utica was able to provide the growth capital based solely on the collateral value of the equipment, and the financing was provided based on the company’s collateral, not its credit.