Utica announced the closing of a $1,625,000 capital lease, secured by machinery and equipment, for a multi-location coal mining company. This strategic financing will support the company’s efforts to enhance operational capacity and improve efficiency across its sites.

The lease provides essential working capital, enabling the company to fuel its ongoing growth and expansion initiatives. This transaction also underscores Utica’s commitment to fostering long-term client relationships, marking the sixth equipment lease schedule completed with this valued partner.

Through this continued collaboration, Utica reaffirms its role as a trusted financial ally in the mining sector, dedicated to supporting the company’s sustained growth and success.

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.

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