Utica Leaseco completed two transactions totaling $1.25 million during the first half of August 2018.
Utica first completed the funding of a $450,000 capital lease secured by machinery and equipment for a construction company in Oklahoma. The capital was used to expand operations.
Utica also provided an $800,000 capital lease to a current customer operating within the agricultural sector who needed quick funding to purchase new equipment and expand their daily operations. Utica provided the funding within seven days of their initial request, bringing their total funding to date to over $6.5 million.
