Utica Leaseco, LLC announced the completion of two transactions totaling $2,750,000 during the Nov. 4-8 week.
It completed the following:
- $2,000,000 capital 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.
- $750,000 capital lease secured by machinery and equipment to a medical company located in Pennsylvania. Utica provided the working capital for this company for new purchases.
Utica Leaseco provides financing based on collateral, not credit.