Food & Beverage March 2022

March 31, 2022
Utica provided an $800,000 capital lease to a multi-location brewing company that specializes in non-alcoholic beer, secured by brewing and distillery equipment.  The company’s products are available in over 2,500 stores across the United States with plans to expand into South Korea, Europe, Australia, and Canada. The equipment lease gave the company the working capital they needed to increase production capacity, scale up sales & marketing, and support their growth trajectory.