Utica Leaseco completed two transactions totaling $900,000 during the week of October 1, 2019.

Utica first completed the funding of a $400,000 true lease secured by machinery and equipment for a hemp processing company located in California. The company will use the working capital to expand and grow operations.

Utica also completed the funding of a $500,000 capital lease secured by machinery and equipment for a second hemp processing company located in Kentucky. The company will use the funding for working capital for a new purchase.

Utica Leaseco provided financing based on collateral, not credit.