Utica Equipment Finance announced the completion of a transaction totaling $4,900,000 in the second week of July.
- The $4,900,000 capital lease for a customer from California, focused on the development and manufacturing of electric vehicles. This equipment finance transaction will provide the company with additional working capital and is primarily secured by manufacturing equipment and robotics.
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.