Utica Leaseco, LLC announced the completion of one transaction totaling $11,300,000 during the June 22-26 week.
A $11,300,000 refinance secured by machinery and equipment was completed for an agricultural company located in Michigan. By utilizing the equity in 26 individual schedules, Utica was able to provide working capital to grow operations and lower the customer’s monthly obligations. The company was especially grateful to Utica for providing this refinance during these currently challenging times.
Utica Leaseco provides financing-based on collateral, not credit.