Utica Equipment Finance announced the completion of two transactions totaling $5.10MM in the month of June.

• $1.6MM Capital Lease secured by construction equipment to a company located in Florida. The lessee is a family-owned excavation company that has been in business for over 50 years. With Utica’s funding they were able to refinance existing debt and obtain additional working capital.
  
  
• $3.5MM Capital Lease secured by construction equipment including over 200 titled assets. The lessee is engaged in the repair and maintenance of roadways, traffic control, and barricade rentals and sales. They have been serving the state of Texas for 20+ years. Utica’s funding was used to refinance existing debt and obtain additional working capital.

Utica Equipment Finance provides companies in a wide array of industries with collateral and credit-based equipment financing products ranging from $1,000,000 to $50,000,000.

For more equipment finance industry news, visit Equipment Finance Advisor.