Utica Leaseco completed two transactions totaling $2.7 million during the second half of September 2018.
Utica Leaseco funded a $2.4 million capital lease secured by machinery and equipment for a manufacturing company in Texas. Utica provided the working capital for this company to expand operations.
A current Utica customer, operating within the agricultural sector needed funding quickly to purchase new equipment and expand its daily operations. Within seven days of its initial request, Utica helped unlock the value of its machinery and equipment with a $300,000 capital lease, bringing its total funding to date to more than $7.5 million.
