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$1,620,000

Capital Lease

Transportation & Logistics

July 2022

A current ride-sharing company was looking for additional working capital to purchase 90 new vehicles and grow operations. Utica responded with a $1.62 million capital lease secured by the new vehicles, bringing their total funding to date over $2.5 million. The company is on track to expand into new markets.

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$710,000

Capital Lease

Manufacturing

July 2022

Utica provided a $710,000 capital lease to a current Manufacturing customer that needed additional working capital to purchase collateral and expand its daily operations. Utica provided the financing within seven days of their initial request, bringing their total funding to date over $1 million. The company is continuing a positive growth trajectory.

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$2,500,000

Capital Lease

Manufacturing

July 2022

A Wisconsin manufacturing company needed additional working capital to operate and grow its business. Utica responded with a $2.5 million capital lease secured by their manufacturing equipment. The Company is a leading manufacturer of precision-machined parts and sub-assemblies in cast iron, non-ferrous castings and steel forgings, as well as sand and permanent mold castings. 

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$2,200,000

Capital Lease

Construction

July 2022

Utica provided a $2.2 million capital lease secured by yellow iron to a construction company developing a zero-waste community in California. The funding enabled the Company to purchase the yellow iron equipment necessary to grade the land so that phase 1 of the project could begin.

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$1,100,000

Capital Lease

Equipment Rental

July 2022

Utica provided a $1.1 million capital lease to a yellow iron wholesale crawler/tractor rental company in Washington state. The additional working capital allowed the Company to expand its rental inventory in an unopposed equipment class, which helped increase profitability. 

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$6,225,000

Capital Lease

Energy

March 2022

A hot oil and frac water heating company needed working capital to pay off an existing credit facility to take advantage of discounts. The Company holds master service agreements with more than 130 oil and gas producers in five states. Utica responded with a $6,225,000 capital lease secured by 300+ titled assets which gave them access to a $1 million discount.

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$800,000

Capital Lease

Food & Beverage

March 2022

Utica provided an $800,000 capital lease to a multi-location brewing company that specializes in non-alcoholic beer, secured by brewing and distillery equipment. The company’s products are available in over 2,500 stores across the United States with plans to expand into South Korea, Europe, Australia, and Canada. The equipment lease gave the company the working capital they needed to increase production capacity, scale up sales & marketing, and support their growth trajectory.

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$2,500,000

Capital Lease

Manufacturing

March 2022

Utica provided a $2,500,000 capital lease to one of the largest ramen noodle producers in North America secured by their manufacturing equipment. Utica reimbursed them for their cash outlay of new equipment purchased in 2021. The company’s products are available in 6,000 stores across the United States, and the company recently signed distribution agreements with a leading broker covering Canada, Europe, and Asia. 

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$1,400,000

Capital Lease

Fabrication

March 2022

Utica provided a $1,400,000 capital lease to a premier single-source provider of production and measurement equipment to the oil and gas sector secured by fabrication equipment. Utica was able to seamlessly work alongside accounts receivable and inventory-based lenders to provide the company with funds to refinance existing debt obligations that were previously in forbearance.

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$1,250,000

Capital Lease

Transportation & Logistics

March 2022

Utica provided a $1,250,000 capital lease to a transport company that needed working capital to purchase inventory and to pay off short-term notes. The facility was secured by a hypercar and support vehicles to transport and deliver the vehicle, giving the company working capital they needed to run and grow their business.

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.

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