Utica Leaseco and Utica Equipment Finance recently completed two transactions totaling $3.35 million, including the funding of a $3.1 million capital lease secured by construction and transportation equipment to a construction company located in Minnesota.

A current Utica Leaseco agricultural sector customer needed funding to purchase new equipment and expand daily operations. Within seven days of the initial request, Utica helped the company unlock the value of its machinery and equipment with a $250,000 lease, bringing the company’s total funding to date to more than $11.5 million.

In addition, Utica Equipment Finance completed the funding of a $3.1 million capital lease secured by construction and transportation equipment to a construction company located in Minnesota. Utica provided funds to refinance all of the company’s existing equipment debt.

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