Utica Equipment Finance announced the completion of a transaction totaling $720,000 in the first week of January.
The $720,000 capital lease secured by farm equipment to one of the largest single source suppliers of tropical plants, indoor floral and outdoor palms in California. Utica was able to provide the capital necessary to refinance existing debt as well as provide additional working capital to fund its strategic growth initiatives.
Utica Equipment Finance provides companies in a wide array of industries with collateral and credit-based equipment financing products ranging from $1,000,000 to $50,000,000.