June’s Top Five Woodworking Equipment Lenders Account for 69.6% of Total
AUG 22, 2018 - 6:15 am
Statistical data for the woodworking equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 69 woodworking equipment related filings during the month of June 2018.
The top five lenders, in filings, included:
Wells Fargo Equipment Finance (13)
Woodmaster Tools (13)
Biesse America (9)
Stearns Bank (4)
Tie- Bank of the West, Midland States Bank and Stiles Machinery (3)
The top five lenders, including the three tied for fifth, accounted for 69.6% of the total, or 48 filings. The three lenders that tied for first, Wells Fargo Equipment Finance and Woodmaster Tools, accounted for a 37.7% combined share of the total.
The top five woodworking equipment buyers (location/brands/filings) included:
Quality First Woodworks (California/Holz-Her, Torit/3)
The idea that any company can future-proof its business ignores the reality that there will always be new changes we can’t foresee. In 2019, Monitor 100 companies posted an 8.4% increase in new business volume on a year-over-year basis, continuing... read more
It is fairly common in the equipment leasing and finance industry for financing statements to describe the equipment, inventory or other goods being leased or financed by referring to an unattached master lease, lease schedule or other document. Some of... read more