Utica Leaseco completed two transactions totaling $1.4 million during the first half of September.
Utica funded a $400,000 capital lease secured by machinery and equipment for a fabrication company in Texas. Utica provided the working capital needed for this company to grow and expand operations.
Utica Leaseco also completed the funding of a $1 million lease secured by machinery and equipment for a farm in Michigan Utica was able to provide the needed financing within three days of the initial request. This brings the total funding for this customer to more than $7.5 million.
