Utica Leaseco completed $1.1 million in funding on two transactions during the week of May 4, 2018.
Utica first provided a $500,000 capital lease secured by machinery and equipment to a Michigan-based farm, bringing the total funding for this customer to more than $2.5 million. The financing was used to purchase equipment and expand operations.
Utica also funded a $600,000 capital lease secured by trucks and trailers for a Wisconsin-based transportation company. The lease was provided on an expedited basis.
Utica provided its financing based on collateral, not credit.
