Utica recently provided a $675,000 capital lease to a hemp processing company located in Colorado. The facility was secured by the company’s machinery and equipment and provided the company with working capital to continue expanding operations.
A North Carolina textile manufacturer needed working capital to pay off existing debt as well as fund future growth. Based on the value of their machinery and equipment, Utica was able to provide a $2,250,000 capital lease.
A current customer who operates in the agriculture sector needed quick funding to purchase new equipment and expand their operations. Utica responded within three days of the initial request with a $550,000 capital lease based on the value of their machinery and equipment, bringing total funding to date to over $12,500,000.
Utica recently provided a $650,000 capital lease to a hemp processing company located in Arkansas. The facility unlocked the value tied up in their equipment to give them the working capital they needed to grow and expand their operations.
A Northern California chemical processing company needed working capital to expand and grow their operations. Based solely on the Company’s collateral and not their credit, Utica was able to provide a $340,000 capital lease secured by their machinery and equipment.
A northeast trucking company wanted to purchase a corporate aircraft to expand business operations. They turned to Utica for a $1,650,000 true lease based on the company’s credit and the collateral value of the aircraft, enabling them to be better positioned for growth.
A U.S.-based energy company saw an opportunity to acquire a new above-ground coal mine. Utica Equipment Finance helped them unlock the value in their equipment and collateral provided a $4,000,000 secured term loan to support the acquisition and position the company for growth.
Utica funded a $2,150,000 capital lease to a chemical processing company located in Northern California. Based entirely on the Company’s collateral and not their credit, Utica was able to provide the working capital they needed to expand its operations and grow the company.
Utica funded a $900,000 capital lease to a long-term customer which operates in the electric car manufacturing industry. By unlocking the value of its machinery and equipment, Utica was able to provide the company with the working capital needed to expand its operations. Total financing to date exceeds $2,650,000 for this customer.
Drug Testing Laboratory
Utica funded a $600,000 capital lease for laboratory testing equipment to an industrial hemp testing company licensed to do business in California and Hawaii. The growing company provides quality, compliance and safety testing services and related data to hemp growers and the subsequent value chain (processors, manufacturers, distributors, academic institutions, and more).
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.