Daily News: March 11, 2019

Utica Closes $550K Capital Lease for Hemp Processor

Utica Leaseco completed a $550,000 capital lease during the week of March 4, 2019.

The lease was closed on behalf of a hemp processing company located in Colorado and was secured by machinery and equipment.

It will be used to support the company’s working capital needs and continued operational expansion.

Utica provided financing based on collateral, not credit.