Daily News: February 5, 2018

Utica Provides $600K Capital Lease to Plastics Manufacturer


Utica Leaseco completed a $600,000 capital lease for a Texas-based plastics manufacturer.

The lease was secured by machinery and equipment and brings the total funding for this customer to more than $3 million. The funding will be used to purchase equipment and expand operations. Utica provided the financing based on collateral, not credit.