Utica Leaseco completed a $2 million bridge loan transaction for an energy services and construction company.
This transaction brings total fundings for this company to over $10 million.
Utica, along with its partners and cooperation of the incumbent bank, closed and funded the transaction for this large, family-run business headquartered in the Bakersfield, CA area.
Utica was able to provide the needed capital by unlocking the equity that existed in the company’s existing construction and transportation equipment.