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Utica Equipment Finance Completes Two Funding Deals

October 18, 2019, 07:05 AM

Utica Equipment Finance, LLC announced the completion of two transactions during the Oct. 7-11.

Utica Equipment Finance completed the funding of a $1,750,000 term loan (CAD $2,300,000) secured by machinery and equipment to a logging-based contractor located in Alberta, Canada. Utica provided funds to re-finance existing equipment debt and provide working capital.

Utica Equipment Finance also completed the funding of a $456,000 term loan secured by aircraft to a private aviation company. Utica provided funds to re-finance the company’s existing debt.

Utica Equipment Finance, an affiliate of Utica Leaseco, provides companies in a wide array of industries with collateral- and credit-based equipment term loan and lease products ranging from $1 million to $50 million.

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