Utica Leaseco completed two transactions totaling $2.75 million during the week of November 4, 2019.
Utica first completed a $2 million capital lease secured by machinery and equipment for a hemp processing company located in California. Utica provided the working capital for this company to expand and grow operations.
Utica also provided a $750,000 capital lease secured by machinery and equipment to a medical company located in Pennsylvania. The company will use the working capital for new purchases.
Utica Leaseco provided financing based on collateral, not credit.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!