Utica Equipment Finance announced it completed the funding of a $2,300,000 capital lease secured by machinery and equipment to a coal company headquartered in Kentucky with operations in the Central Appalachian region. Utica provided additional working capital for the company’s coal mining operation.
Utica Equipment Finance, an affiliate of Utica Leaseco, provides companies in a wide array of industries with collateral- and credit-based equipment term loan and lease products ranging from $1 million to $50 million.