Daily News: July 17, 2017

Utica Leaseco Provides $500K to Auto Supplier


Utica Leaseco completed the funding of $500,000 of a loan on existing equipment for an auto supplier in Michigan.

Utica and its partner provided funding to allow for working capital for new contracts for the company. Utica was able to provide the growth capital based solely on the collateral value of the equipment.