Daily News: September 4, 2019

Utica Leaseco Completes Three Transactions Totaling $1.5MM


Utica Leaseco completed three transactions totaling upward of $1.5 million.

Brief details of the transactions are:

  • $340,000 capital lease secured by machinery and equipment to a Chemical Processing company located in Northern California.
  • $650,000 capital lease secured by machinery and equipment to a hemp processing company in Arkansas.
  • $550,000 capital lease for a current customer, bringing their total funding to date to more than $12.5 million. The customer operates within the agricultural sector and needed funding quickly to purchase new equipment and expand its daily operations.