$10,600,000
Capital Lease
Energy
A coal mining company located in West Virginia wanted to acquire another company to expand operations and grow the company. Utica responded with a $10.6 million capital lease secured by their machinery and equipment. The additional working capital will also allow the Company to take on additional customers and meet the demand of the industry.
$750,000
True Lease
Healthcare
Utica provided a $750,000 true lease secured by machinery and equipment to a medical company located in California. The lease gave the company the working capital needed to purchase new equipment allowing the Company to stay up to date with the latest in medical devices and diagnostic equipment for patients.
$2,000,000
Capital Lease
Automotive
Utica completed the funding of a capital lease line up to $2,000,000 secured by passenger cars to a for-hire vehicle rental car company located in the northeast. The capital lease provided the working capital for this company to expand and grow operations.
$2,000,000
Capital Lease
Chemical
Utica provided a $2,000,000 capital lease to a hemp processing company located in California. The Company needed working capital to grow operations. Utica provided the capital lease based on the value of their current machinery and equipment.
$750,000
Capital Lease
Medical
A medical company located in Pennsylvania needed working capital to purchase new equipment. Utica responded with a $750,000 capital lease allowing the Company to continue to expand services and grow their business.
$2,300,000 CAD
Term Loan
Logging
Utica Equipment Finance completed the funding of a CAD $2,300,000 Term Loan secured by Machinery and Equipment to a logging-based contractor located in Alberta, Canada. Utica provided funds to re-finance existing equipment debt and provide working capital.
$456,000
Term Loan
Aviation
Utica Equipment Finance completed the funding of a Term Loan secured by Aircraft to a Private Aviation company. Utica provided a $456,000 capital lease to re-finance the company’s existing debt.
$400,000
True Lease
Chemical
Utica provided a $400,000 true lease secured by machinery and equipment to a hemp processing company located in California. The Company needed the working capital to expand and grow their operations to meet the growing demand in the industry.
$500,000
Capital Lease
Chemical
A California hemp processing company needed to purchase equipment to expand business. Utica responded with a $500,000 capital lease based on the collateral value of their equipment and machinery. The Company can continue to grow and expand operations.
$350,000
Capital Lease
Agriculture
A current customer operating in the agricultural sector needed a quick turnaround to keep business running smoothly. Utica responded within three days from their initial request with a $350,000 capital lease based on the value of their machinery and equipment, bringing their total funding to date to over $13,500,000.
Having the right equipment financing can free up capital for other business expenses, relieve budget stress with more manageable payments, and let you preserve your business credit line for other working capital needs. Our sister company, Utica Equipment Finance (UEF), specializes in providing credit-based equipment finance products from $1 million to $50 million to North American businesses with custom solutions that help you feel certain about your future.
Industry affiliations
Phone: (248) 710-2134
info@uticaleaseco.com