Daily News: November 20, 2017

Utica Completes Two Transactions for $1.3MM

Utica Leaseco completed two transactions totaling $1.3 million during the week of November 12, 2017.

Utica funded a $300,000 capital lease secured by machinery and equipment to a water pipeline construction company located in Ohio and Pennsylvania. This brought the total funding for this customer to more than $800,000.

Utica also funded $1 million on a capital lease to a surface mining company located in West Virginia. The company used the financing to purchase equipment and begin new operations.

Utica provided its financing based on collateral, not credit.