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.