Utica Leaseco Provides $2.75MM in Capital Leases to Two Companies
NOV 8, 2019 - 6:15 am
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.
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