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Utica Leaseco Completes $2.35MM Transaction with Texas Firm

March 15, 2021, 07:18 AM
Filed Under: Industry News

Utica Leaseco, LLC announced the completion of a transaction totaling $2,350,000 during the March 8 to March 12 week.

The refinance secured by machinery and equipment to a multi-location oil field service provider located in Texas. By utilizing the equity in one of their individual schedules, Utica was able to provide working capital to grow operations and lower the customer’s monthly obligations. The company was 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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