Utica Leaseco completed four capital lease transactions totaling over $6 million during week of February 19, 2019.
Utica completed the funding of a $2.5 million capital lease secured by machinery and equipment for a chemical processing company located in California. The capital will be used to expand operations.
Utica funded a $1.75 million capital lease secured by machinery and equipment to an electric car manufacturer in Southern California for working capital to continue operations.
Utica completed the funding of a $1.625 million capital lease secured by distillery equipment for a company in Kentucky to grow operations and build their brand.
A current Utica customer operating within the logging industry needed funding quickly to purchase new equipment and expand their daily operations. Within one week of their initial request, Utica provided a $200,000 capital lease, bringing the company’s total funding to date to over $750,000.
Utica provided financing based on collateral, not credit.
