Daily News: April 16, 2018

Utica Provides $600K Capital Lease to Michigan Farm


Utica Leaseco completed a $600,000 capital lease for a Michigan-based farm during the week of April 9, 2018.

The funding will be used to purchase new equipment and expand operations. It was secured by the farm’s machinery and equipment.

Utica provided the financing based on collateral, not credit.