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Utica Leaseco Completes Transactions Totaling $1.23MM

November 10, 2020, 07:10 AM
Related: Utica Leaseco

Utica Leaseco, LLC announced the completion of two transaction totaling $1,230,000 during the week of Nov. 2-6.

The transactions were:

  • $330,000 to a current Utica Leaseco customer, operating within the agricultural sector that needed funding quickly to purchase new equipment and expand their daily operations. Within five days of the initial request, Utica helped them unlock the value of their machinery and equipment with a $330,000 lease, bringing their total funding to date to over $11,850,000.
  • $900,000 refinance secured by machinery and equipment to a machining and fabrication company located in Ohio. By utilizing the equity in two 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.

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