$550,000
Capital Lease
Agriculture
A current customer who operates in the agriculture sector needed quick funding to purchase new equipment and expand their operations. Utica responded within three days of the initial request with a $550,000 capital lease based on the value of their machinery and equipment, bringing total funding to date to over $12,500,000.
$1,600,000
True Lease
Aviation
A northeast trucking company wanted to purchase a corporate aircraft to expand business operations. They turned to Utica for a $1,650,000 true lease based on the company’s credit and the collateral value of the aircraft, enabling them to be better positioned for growth.
$4,000,000
Term Loan
Energy
A U.S.-based energy company saw an opportunity to acquire a new above-ground coal mine. Utica Equipment Finance helped them unlock the value in their equipment and collateral provided a $4,000,000 secured term loan to support the acquisition and position the company for growth.
$2,150,000
Capital Lease
Chemical
Utica funded a $2,150,000 capital lease to a chemical processing company located in Northern California. Based entirely on the Company’s collateral and not their credit, Utica was able to provide the working capital they needed to expand its operations and grow the company.
$600,000
Capital Lease
Drug Testing Laboratory
Utica funded a $600,000 capital lease for laboratory testing equipment to an industrial hemp testing company licensed to do business in California and Hawaii. The growing company provides quality, compliance and safety testing services and related data to hemp growers and the subsequent value chain (processors, manufacturers, distributors, academic institutions, and more).
$900,000
Capital Lease
Automotive
Utica funded a $900,000 capital lease to a long-term customer which operates in the electric car manufacturing industry. By unlocking the value of its machinery and equipment, Utica was able to provide the company with the working capital needed to expand its operations. Total financing to date exceeds $2,650,000 for this customer.
$20,000,000
Capital Lease
Manufacturing
Utica funded $20 million of a $50 million capital lease facility to a manufacturer of a high-tech proprietary energy product. The facility provides the manufacturer with the capital required to acquire highly-sophisticated automation equipment used during production.
$500,000
Capital Lease
Oil Field Services
Utica provided a $500,000 capital lease within five days from the initial request to an oil field services company to purchase new equipment and expand operations, bring their total funding to date of over $7,500,000. Utica provided financing based on collateral, not credit.
$600,000
Capital Lease
Construction Company
Within 10 days from their initial request, Utica helped a construction company unlock the value of their machinery and equipment with a $600,000 capital lease to purchase new excavators and expand operations, bringing their total funding to date to over $1,050,000.
Capital Lease
Oil Field Services
To expand operations and purchase new equipment, this oil & gas company needed to quickly obtain capital. Within five days from their initial request, Utica provided a capital lease and has brought their total funding to date to over $7,000,000.
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