Utica Equipment Finance completed the funding of a capital lease line up to $2 million secured by passenger cars for a for-hire vehicle rental car company located in the northeast.

Utica provided the working capital for this company to expand and grow operations.

Utica Equipment Finance, an affiliate of Utica Leaseco, provides companies in a wide array of industries with collateral and credit-based equipment term loan and lease products ranging from $1 million to $50 million.