Utica Leaseco and Utica Equipment Finance Announce Transactions
September 23, 2019
Source: tica Leaseco and Utica Equipment Finance
Utica Leaseco and Utica Equipment Finance is pleased to announce the completion of two transactions totaling over $8,000,000 during the week of September 16-20, 2019.
• $7,600,000 capital lease secured by machinery and equipment to a technology company located in San Jose, CA. Utica provided funds to payoff OEM’s and provide needed working capital. This financing is the completion of a total $13.2 million lease facility.
• $400,000 capital lease secured by Machinery and Equipment to a chemical processing company located in Southern California. Utica provided the working capital for this company to expand and grow operations.
Utica Leaseco is proud to provide financing based on collateral, not credit. Utica Leaseco (www.uticaleaseco.com) and Utica Equipment Finance (www.uticaequipmentfinance.com) can be depended on to close the most difficult equipment financing transactions.
