Utica Equipment Finance completed the funding of a $2.3 million capital lease secured by machinery and equipment to a coal company headquartered in Kentucky with operations in the Central Appalachian region. Utica provided additional working capital for the company’s coal mining operation.

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