Utica Leaseco completed the funding of more than $25 million in capital leases, loans and sale leasebacks so far in 2017.

The financings on new and existing equipment spanned numerous industries including heavy manufacturing, printing, mining, oil field services, transportation, high-tech manufacturing, food processing, agriculture and construction.

The funds were used for turnarounds, acquisitions and growth capital. In every case, Utica and its partners provided funding based solely on the collateral value of the fixed assets.

David Levy, CEO of Utica Leaseco, remarked, “I couldn’t be happier that we are able to assist so many important American companies. Along with our partners in the ABL and factoring community, we are providing needed capital to grow and preserve jobs within companies that the banks are unable to fund. Utica was proud to provide these financings based on their collateral not their credit.”