March’s Top Woodworking Equipment Lenders Account for 65.5% of Total
MAY 10, 2018 - 8:00 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 58 woodworking equipment related filings during the month of March 2018.
Tie – Amur Equipment Finance, Stearns Bank, PNC Equipment Finance, Biesse America, Stearns Bank and Vantage Bank (3)
The top lenders, including the six companies tied for fourth place, accounted for 65.5% of the total, or 38 filings. The two lenders tied for first place, IMA Schelling and Wells Fargo, each accounted for a 13.8% share of the total.
The top five woodworking equipment buyers (location/brands/filings) included:
Transitioning from a third-party originator (TPO) to closing deals on your own balance sheet can be a risky endeavor without the right tools, network and drive. Professionals within this industry make the switch for a multitude of reasons, sometimes meeting... read more
Steve O’Leary and Tim Conway, now CEO/president and chairman of Clarus Capital, respectively, began their business partnership at NewStar Financial, where Conway was founder and CEO and O’Leary was the architect of the company’s equipment finance business. O’Leary enjoyed his... read more