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Utica Leaseco, Utica Equipment Finance Complete $2.74MM in Transactions

November 22, 2021, 07:00 AM

Utica Leaseco, LLC and Utica Equipment Finance announced the completion of three transactions totaling $2,740,000 during the week of Nov. 15-19.

  • $1,300,000 Capital Lease secured by machinery and equipment to a multi-location coal mining company. 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 finance during these currently challenging times.
  • $240,000 to a current Utica Leaseco customer, operating within the ride sharing sector. The customer needed funding quickly to purchase new electric vehicles and expand its daily operations. Within seven days of the initial request, Utica financed the purchase of Teslas with a $240,000 lease, bringing their total funding to date to over $840,000. This was the third schedule for this customer.
  • $1,200,000 capital Lease secured by machinery and equipment to a food and beverage company located in Texas. Utica provided the funds to refinance existing debt and provide needed working capital for the company.

Utica Leaseco provides financing based on collateral, not credit. Utica Leaseco and Utica Equipment Finance can be depended on to close the most difficult equipment financing transactions.

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