Utica Leaseco announced the completion of a new term loan transaction in the amount of $600,000 during the week of September 7, 2015. The transaction provided growth capital for an ammunition manufacturer.

Utica closed and funded the transaction for this early stage specialized bullet manufacturer in Florida. Utica was able to provide the needed capital by unlocking the equity that existed in the company’s machining equipment. Utica worked closely with the company and its working capital lender, and was able to close the needed funding on an expedited basis. Utica was able to assist by financing their equipment, not their credit.