Utica Leaseco completed two transactions totaling $1.7 million during the week of March 12, 2018.
Utica first completed the funding of a $1.4 million capital lease secured by machinery and equipment for a farm located in Michigan. The funds will be used to purchase new equipment and expand operations.
Utica also funded a $300,000 capital lease secured by machinery and equipment for an oil field services company in North Dakota. The company will use the lease to continue operations.
Utica provided financing based on collateral, not credit.
