FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Utica Equipment Finance Completes Three Transactions Totaling $5.15MM in 1H/March

March 15, 2022, 07:15 AM
Filed Under: Industry News

Utica Equipment Finance completed three transactions totaling $5,150,000 in the first half of March.

  • $1,250,000 capital lease secured by a hypercar and support vehicles to transport and deliver the vehicle. Utica was able to provide them working capital needed for production inventory and to pay off short-term notes. The company has been in business for over 20 years.
  • $1,400,000 capital lease secured by fabrication equipment. The company is a premier single-source provider of production and measurement equipment in the oil and gas sector. Utica was able to seamlessly work alongside A/R and inventory-based lenders to provide the company with funds to refinance existing debt obligations that were previously in forbearance. The company was especially grateful to Utica for providing this refinance during these currently challenging times.
  • $2,500,000 capital lease secured by food manufacturing equipment to one of the largest ramen noodle producers in North America. Utica reimbursed them for their cash outlay of new equipment purchased in 2021. The company’s products are available in 6,000 stores across the United States and recently signed distribution agreements with a leading broker covering Canada, Europe and Asia.

Utica Equipment Finance provides companies in a wide array of industries with collateral and credit-based equipment financing products ranging from $500,000 to $50,000,000.

For more equipment finance industry news, visit Equipment Finance Advisor.


Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.