Utica Leaseco completed one transaction during the weeks of March 18, 2019.
A current Utica customer, operating within the oil and gas sector, needed funding quickly to purchase new equipment and expand their daily operations. Within five days of their initial request, Utica provided the company with a capital lease.
The lease was used to unlock the value of the client’s machinery and equipment and brings the total funding for this client to date to over $7 million.
Utica provided financing based on collateral, not credit.
