Utica Closes Two Capital Leases for $1.3MM
Utica Leaseco completed two transactions totaling $1.3 million.
December 4, 2017
Utica Leaseco
Amanda Koprowski
Utica Leaseco completed two transactions totaling $1.3 million.
Amerisource Business Capital closed and funded a $250,000 asset-based revolver for a Colorado drilling company.
Utica Leaseco completed two transactions totaling $1.3 million during the week of November 12th, 2017.
Liquid Capital provided purchase order financing for BioTools, a producer of scientific instruments critical to both pharmaceutical and university bio-research.
Bibby Financial Services provided a $3 million factoring facility to support a U.S.-based global manufacturer and distributor of organic salad dressings.
Capital Foundry Funding provided a $2 million revolving line of credit to a fleet refueling company located in New York City.
Sallyport Commercial Finance provided an $850,000 accounts receivable facility and a $150,000 inventory facility to a manufacturer of high quality composite tools, components and assemblies.
Peninsula Petroleum signed a new $200 million receivables finance facility with a syndicate led by RBS Invoice Finance. The facility also contains an option to increase overall funding by a further $50 million.
Crestmark secured a total of $16.78 million in financial solutions for 11 new clients in the first half of April.
Tetra Capital, a factoring company specializing in the transportation industry, recently provided $190,000 in factoring facilities for six new transportation companies.