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Utica Equipment Finance, Utica Leaseco Complete Pair of Transactions

September 08, 2020, 07:20 AM

Utica Leaseco, LLC and Utica Equipment Finance announced the completion of two transactions totaling $3,350,000 during the week of Sept. 1-4.

A current Utica Leaseco customer, operating within the agricultural sector, needed funding quickly to purchase new equipment and expand their daily operations. Within seven days of its initial request, Utica helped them unlock the value of their machinery and equipment with a $250,000 lease, bringing their total funding to date to over $11,500,000.

Utica Equipment Finance completed the funding of a $3,100,000 capital lease secured by construction and transportation equipment to a construction company located in Minnesota. Utica provided funds to refinance all the company’s existing equipment debt.

Utica Equipment Finance and Utica Leaseco provide companies in a wide array of industries with collateral- and credit-based equipment term loan and lease products ranging from $500,000 to $50,000,000.

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