Utica Equipment Finance completed six transactions totaling $11.78 million in November, including:

• A $7.5 million refinance secured by machinery and equipment for a technology company located in California. By consolidating two individual schedules, Utica lowered monthly obligations while providing the extra working capital to grow operations.
• A $2 million capital lease secured by audio, visual and lighting equipment. Utica provided financing to grow the client’s production equipment inventory. This was the second schedule for this customer, bringing its total funding to date to more than $10 million.
• An $800,000 capital lease secured by food processing equipment. The client used the funding to reimburse capital expenditures. With these new machines, the company can provide high-pressure processing and tolling services to southeast Texas and Louisiana.
• A $550,000 capital lease secured by 20 titled vehicles for a solar panel installation and roofing services company located in Chino, CA. Utica provided the capital needed to expand the client’s vehicle fleet to keep up with customer demand.
• $475,000 to a customer operating within the ride sharing sector. The customer needed funding quickly to purchase new electric vehicles and expand its daily operations. Within seven days of the client’s initial request, Utica financed the purchase of eight Teslas with a $475,000 lease, bringing the client’s total funding to more than $1.75 million. This was the 10th schedule for this customer.
• A $455,000 capital lease secured by yellow iron to a construction company developing a zero-waste community in California. Utica provided the capital to purchase additional yellow iron as the client’s project continues to ramp up. This was the second schedule for this customer, bringing its total funding to date to more than $2 million.