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Utica EF Completes Funding of $10MM Capital Lease for Steel Mill

April 17, 2020, 07:20 AM

Utica Equipment Finance announced it has completed the funding of a $10 million Capital Lease for a Steel Mill in Louisiana. The assets financed included, land, building loading dock, crane and machinery and equipment. Utica provided funds for working capital needs.

The company was grateful to Utica for providing this needed capital injection during these currently challenging times. The company is a fully integrated steel manufacturer and distributor with capabilities ranging from liquid steel production to high precision engineered products.

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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