Utica Leaseco announced its $1.5 million participation in the completion of a new ABL transaction in the amount of $10 million during the week of January 11, 2016.

The transaction was led by a partner of Utica and helped provide needed growth capital for a nutritional supplement manufacturer. Utica is pleased to provide needed capital to this company in the Southeast U.S.

Utica is best known for equipment financing, but in this case was able to assist this business by financing its working capital collateral.