Utica Leaseco announced the completion of a sale-leaseback refinance as well as a new secured loan transaction in the amount of $450K.

Utica closed and funded the refinance and secured loan for a specialty food processing company that is headquartered in central Colorado.

Utica provided working capital by unlocking the equity that existed in the company’s food processing and related packaging equipment. Utica worked closely with the company and its management team and was able to close the needed funding on an expedited basis. Utica relied on the company’s equipment as the sole collateral for the transaction.