Sale and Leaseback
Utica provided a $5,400,000 Sale and Leaseback to a leading national provider of crane services located throughout North America. The Company was grateful to Utica for providing the additional working capital needed to keep business moving during the current challenges caused by the COVID-19 pandemic.
An automotive company located in Missouri needed working capital to run their business and grow the company during current challenges caused by COVID-19. Utica quickly responded with a refinance of their $2,250,000 capital lease secured by machinery and equipment. The Company is grateful they have a financial partner they can rely on in difficult times.
Utica provided a $10,000,000 capital lease to a steel mill located in Louisiana who needed additional working capital to get through challenges caused by the COVID-19 pandemic. The Company is a fully integrated Steel Manufacturer and distributor with capabilities ranging from liquid steel production to high precision engineered products. The assets financed included, land, building loading dock, crane and machinery and equipment.
Transportation & Logistics
Utica provided a $3,900,000 capital lease to a transportation company located in Oregon. The Company needed the working capital to refinance existing debt and meet monthly payment obligations. Utica provided the capital lease based on the value of the trailers and equipment, not credit.
Utica provided a $300,000 capital lease to a current customer operating within the oil field services industry. Within three days of their initial request, Utica helped the Company unlock the value of their machinery and equipment giving them additional working capital to run and grow their business. This brings their total funding to date to over $8,000,000.
Transportation & Logistics
A transport company located in Southern California needed working capital to expand and grow operations. Utica responded with a $200,000 capital lease secured by their cargo vans, giving the Company the additional working capital they needed to run their business.
Utica provided a $12,000,000 capital lease to a multi-location oil field services company located in Texas. Utica worked extensively with the restructuring firm to payoff existing lenders and provide needed working capital. The customer expressed great gratitude for Utica’s in-house counsel’s dedication in navigating through the complexities of the deal. Utica also worked closely with both the new accounts receivable lender and the sub-debt provider to achieve a global solution. Utica provided the financing based on collateral, not credit.
A coal mining company located in West Virginia wanted to acquire another company to expand operations and grow the company. Utica responded with a $10.6 million capital lease secured by their machinery and equipment. The additional working capital will also allow the Company to take on additional customers and meet the demand of the industry.
Utica provided a $750,000 true lease secured by machinery and equipment to a medical company located in California. The lease gave the company the working capital needed to purchase new equipment allowing the Company to stay up to date with the latest in medical devices and diagnostic equipment for patients.
Utica completed the funding of a capital lease line up to $2, 000,000 secured by passenger cars to a for-hire vehicle rental car company located in the northeast. The capital lease line provided the working capital for this company to expand and grow operations.
When you need to finance with collateral, not credit, turn to our affiliate company, Utica Leaseco. It offers customized equipment lease and loan solutions from $300,000 to $25 Million. Together, we provide financing solutions to companies throughout the credit spectrum.