Utica Leaseco completed two transactions totaling over $800,000 during the week of September 23, 2019.
The first deal consisted of $450,000 capital lease secured by Machinery & Equipment for a current Utica customer, operating within the Construction Industry. The customer needed funding quickly to purchase new equipment and expand their daily operations. Utica’s total funding to date for this customer is now over $950,000.
Utica then provided a $350,000 capital lease to a current Utica customer operating within the agricultural sector. Utica provided the funding within three days of their initial request, bringing the company’s total funding to date to over $13.5 million. This was the 26th schedule for this customer.
Utica Leaseco provided financing based on collateral, not credit.
