Utica Equipment Finance announced the completion of a $1,800,000 transaction in the month of February.
The capital lease was for a licensed wholesale manufacturer of small caliber ammunition, small arms, and tactical equipment on an international and domestic level. Utica Equipment Finance’s transaction was secured by newly acquired ammunition manufacturing lines, which provided the customer working capital to further grow expanding operations.
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.