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Utica Equipment Finance Completes $7MM+ in Capital Leases

March 28, 2022, 08:00 AM
Filed Under: Equipment Finance News

Utica Equipment Finance announced the completion of two transactions totaling $7,025,000 in the week of March 21-25.

  • $800,000 Capital Lease secured by brewing and distillery equipment to a multi-location brewing company that specializes in non-alcoholic beer. Utica was able to provide capital to increase production capacity, scale up sales and marketing to support their growth trajectory. This company’s products are available in over 2,500 stores across the United States with plans to expand into South Korea, Europe, Australia and Canada.
  •  $6,225,000 Capital Lease secured by more than 300 titled assets. The company is a hot oil and frac water heating company that holds master service agreements with more than 130 oil and gas producers in five states. Utica was able to provide the company with funds to pay off their existing credit facility allowing them to take advantage of a $1 million discount. The company was especially grateful to Utica for providing this refinance during these currently challenging times.

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.


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