A Minnesota construction company was looking to refinance existing equipment debt and turned to Utica Equipment Finance. Utica quickly responded with a $3,100,000 capital lease secured by the company’s existing transportation and construction equipment, freeing up additional cash flow to run their operations and continue to grow their business.
Utica provided a $250,000 capital lease to a current customer operating in the agriculture sector. The Company needed to fund quickly to purchase new equipment and expand daily operations. Within seven days of the initial request, Utica unlocked the value of their machinery and equipment to provide the additional lease, bringing their total funding to date to over $11,500,000.
Utica provided an $11,300,000 refinance secured by machinery and equipment for an Agricultural company located in Michigan. By utilizing the equity in 26 schedules, Utica was able to provide the working capital the Company needed to grow operations and lower their monthly business expenses.
Sale and Leaseback
Utica provided a $5,400,000 Sale and Leaseback to a leading national provider of crane services located throughout North America. The Company was grateful to Utica for providing the additional working capital needed to keep business moving during the current challenges caused by the COVID-19 pandemic.
An automotive company located in Missouri needed working capital to run their business and grow the company during current challenges caused by COVID-19. Utica quickly responded with a refinance of their $2,250,000 capital lease secured by machinery and equipment. The Company is grateful they have a financial partner they can rely on in difficult times.
Utica provided a $10,000,000 capital lease to a steel mill located in Louisiana who needed additional working capital to get through challenges caused by the COVID-19 pandemic. The Company is a fully integrated Steel Manufacturer and distributor with capabilities ranging from liquid steel production to high precision engineered products. The assets financed included, land, building loading dock, crane and machinery and equipment.
Transportation & Logistics
Utica provided a $3,900,000 capital lease to a transportation company located in Oregon. The Company needed the working capital to refinance existing debt and meet monthly payment obligations. Utica provided the capital lease based on the value of the trailers and equipment, not credit.
Utica provided a $300,000 capital lease to a current customer operating within the oil field services industry. Within three days of their initial request, Utica helped the Company unlock the value of their machinery and equipment giving them additional working capital to run and grow their business. This brings their total funding to date to over $8,000,000.
Transportation & Logistics
A transport company located in Southern California needed working capital to expand and grow operations. Utica responded with a $200,000 capital lease secured by their cargo vans, giving the Company the additional working capital they needed to run their business.
Utica provided a $12,000,000 capital lease to a multi-location oil field services company located in Texas. Utica worked extensively with the restructuring firm to payoff existing lenders and provide needed working capital. The customer expressed great gratitude for Utica’s in-house counsel’s dedication in navigating through the complexities of the deal. Utica also worked closely with both the new accounts receivable lender and the sub-debt provider to achieve a global solution. Utica provided the financing based on collateral, not credit.
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.