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)
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