Utica Leaseco and Utica Equipment Finance Announce Transactions

September 16, 2019

Source: Utica Leaseco and Utica Equipment Finance

Utica Leaseco and Utica Equipment Finance is pleased to announce the completion of five transactions totaling over $10,000,000 during the week of September 9-13, 2019.

•             $2,250,000 Capital Lease secured by Machinery and Equipment to a textile manufacturer located in North Carolina.  Utica provided funding to payoff existing lenders and provide needed working capital.

•             $675,000 Capital Lease secured by Machinery and Equipment to a Hemp Processing company located in Colorado. Utica provided the working capital needed for this important American company to continue expanding operations.

•             $5,600,000 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 first $5.6 million of a total $13.2 million lease facility.

•             $575,000 to current Utica customer operating within the agricultural sector. Within three days of their initial request, Utica helped them unlock the value of their machinery and equipment with a capital lease, bringing their total funding to date to over $13,000,000. This was the 25th schedule for this customer.

•             $900,000 Capital Lease secured by Machinery and Equipment to a Fabrication company located in the Philadelphia Metro area. Utica was able to provide the needed working capital the company desired.