Utica Equipment Finance announced the completion of 2 transactions totaling $16,500,000 in the first week of October.

• A portfolio acquisition of equipment financing finance transactions, valued at approximately $10,000,000. The seller is a well-established company that focuses on financing transportation and construction equipment. This acquisition enhances UEF's portfolio of asset-based financing, further supporting its growth strategy.

• A $6,500,000 Capital Lease, secured by manufacturing and analytical testing equipment, including drying ovens, air handlers, and chillers, for a pharmaceutical manufacturer based in the Southeast. The lessee is a leading developer and manufacturer of Transdermal Delivery Systems (TDS) and Oral Dissolvable Films (ODF). The funding will provide working capital to support the company’s expansion, including new contracts with key industry partners.

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.