A textile manufacturer located in North Carolina needed to pay off existing lenders and required access to additional working capital. Utica helped them weave their financial goals into real growth with a $3,000,000 capital lease secured by machinery and equipment.
Utica helped a Colorado vitamin and supplement manufacturer tap into the value of their accounts receivable and inventory with a $2,000,000 line of credit to foster healthy growth.
Healthcare & Medical
A Massachusetts drug testing laboratory needed funding to purchase equipment and start operations. Utica helped this young company’s business take off with a $500,000 capital lease on new equipment.
Utica helped an Ohio aggregate processor purchase equipment to fulfill a new contract with a $350,000 capital lease based solely on the collateral value of the equipment. This was the tenth transaction for this customer; bringing their total amount funded to over $3,500,000.
A Texas oil field services provider needed working capital to finance new contracts in an industry which was in the midst of a turnaround. Utica helped them take advantage of new opportunities with $1,500,000 in growth capital based solely on the collateral value of existing equipment.
Transportation & Logistics
Based on the collateral value of its assets, Utica funded a $1,000,000CAD capital lease on helicopters for a leasing company in Canada, helping them take business to new heights.
Together with our valued partner, Utica provided a $500,000 secured loan on existing equipment for a Michigan auto supplier. This growth capital gave the company the financial leeway it needed to take advantage of new contracts.
A Pennsylvania horizontal drilling contractor needed working capital and funding to purchase additional equipment in order to take advantage of new contracts. Utica came to the rescue with a $750,000 secured loan on new and existing equipment.
Utica financed growth for a Florida aggregate company in the form of a $1,000,000 capital lease based on the value of new and existing equipment. The funding enabled them to purchase equipment and expand capacity for new contracts.
Working with a valued factoring partner, Utica funded a $2,000,000 capital lease based on the collateral value of existing equipment for a forest products company. The growth financing gave this Arizona logging company the working capital it needed to take advantage of new contracts.
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.