Utica provided a $2,350,000 refinance to a multi-location oil field services company located in Texas. The refinance gave the company the needed working capital to grow operations, lower monthly business obligations and deal with other challenges brought on by the COVID-19 pandemic.
Utica provided a $330,000 capital lease to a current customer operating in the agriculture sector. The Company needed to purchase new equipment and expand their daily operations. Within five days of the initial request, Utica unlocked the value of their machinery and equipment, bringing their total funding to date to over $11,850,000.
A Machining and Fabrication company located in Ohio was looking for working capital to grow operations and lower their monthly business obligations. Utica responded with a $900,000 refinance by utilizing the equity in two individual schedules, giving the company the additional working capital to grow and run their business during the current challenging times.
A Hemp Processing company located in Louisiana needed working capital to help expand and grow operations. Utica responded with a $750,000 capital lease secured by their existing machinery and equipment. The Company is now able to meet the demand of the industry and grow operations.
A construction company with operations in Texas and Colorado needed working capital to run their daily operations. Utica responded by providing a $2,600,000 true lease by refinancing a portion of the Company’s existing equipment debt, freeing up additional working capital to take on more jobs and grow business.
A Minnesota construction company was looking to refinance existing equipment debt and turned to Utica Equipment Finance. Utica quickly responded with a $3,100,000 capital lease secured by the company’s existing transportation and construction equipment, freeing up additional cash flow to run their operations and continue to grow their business.
Utica provided a $250,000 capital lease to a current customer operating in the agriculture sector. The Company needed to fund quickly to purchase new equipment and expand daily operations. Within seven days of the initial request, Utica unlocked the value of their machinery and equipment to provide the additional lease, bringing their total funding to date to over $11,500,000.
Utica provided an $11,300,000 refinance secured by machinery and equipment for an Agricultural company located in Michigan. By utilizing the equity in 26 schedules, Utica was able to provide the working capital the Company needed to grow operations and lower their monthly business expenses.
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.
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.