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Utica Leaseco, Utica EF Complete $3.35MM in Lease Transactions

November 17, 2020, 07:10 AM

Utica Leaseco, LLC and Utica Equipment Finance announced the completion of two transactions totaling $3,350,000 during the week of Nov. 9-14.

Utica Equipment Finance completed the funding of a $2,600,000 True Lease to a construction company with locations in Texas and Colorado. Utica provided funds to re-finance a portion of the company’s existing equipment debt and to provide additional working capital.

Utica Leaseco completed the funding of a $750,000 Capital Lease secured by Machinery and Equipment to a hemp processing company located in Louisiana. Utica provided the working capital for this company to expand and grow operations.

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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