Utica Equipment Finance announced an additional funding of $1,500,000 to an existing customer in the month of August:
$1,500,000 capital lease for a Licensed wholesale manufacturer of small caliber ammunition, small arms, and tactical equipment on an international and domestic level. Utica’s transaction was secured by newly acquired ammunition manufacturing lines, which provided the customer with 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.