Utica Leaseco, LLC announced the completion of two transactions totaling $900,000 during the October 1-4, week.
Utica Leaseco completed the funding of a $400,000 true lease secured by machinery and equipment to a hemp processing company located in California. Utica provided the working capital for this company to expand and grow operations.
Utica Leaseco completed the funding of a $500,000 capital lease secured by machinery and equipment to a hemp processing company located in Kentucky. Utica provided the working capital for this company for a new purchase.