Utica Leaseco completed two transactions totaling $1,000,000 during the August 16-20, 2021 week.

• $500,000 secured by Vehicles for a Ride Sharing company purchasing new electric vehicles. Utica was able to provide working capital to expand and help the customer grow operations.
• $500,000 secured by Machinery and Equipment to a Microbrewery in Florida. By utilizing the equity in its current collateral pool, Utica was able to provide working capital to help the customer move operations from Florida to Massachusetts. The company was especially grateful to Utica for providing this financing during these currently challenging times.

Utica is proud to provide financing based on collateral, not credit.