Utica Equipment Finance announced the completion of a transaction totaling $8,780,000.
The $8,780,000 capital lease was secured by audio, visual and lighting equipment to a multi-location production company. Utica was able to provide capital to acquire four successful audio, lighting, and production companies that have 85 years of experience on a combined basis. Upon completion of these acquisitions, the company will become a fully integrated production company and can maximize production cost savings for their customers.
Utica Equipment Finance provides companies in a wide array of industries with collateral and credit-based equipment financing products ranging from $500,000 to $50 million.