Utica Leaseco and Utica Equipment Finance recently completed two transactions totaling $3.35 million.

Utica Equipment Finance completed the funding of a $2.6 million true lease to a construction company with locations in Texas and Colorado. Utica provided funds to refinance a portion of the company’s existing equipment debt and to provide additional working capital.

Utica Leaseco completed the funding of a $750,000 capital lease secured by machinery and equipment to a hemp processing company located in Louisiana. Utica provided the working capital for this company to expand and grow operations.

Utica Equipment Finance and Utica Leaseco provide companies in an array of industries with collateral and credit-based equipment term loan and lease products ranging from $500,000 to $50 million.