March’s Top Woodworking Equipment Lenders Account for 65.5% of Total

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.

The top lenders, in filings, included:

  • IMA Schelling (8)
  • Wells Fargo (includes Wells Fargo Equipment Finance and Wells Fargo Vendor Financial Services) (8)
  • Intech Funding (6)
  • 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:

  • Canby Signs & Graphics (Oregon/MultiCam/3)
  • GatorStep (Oregon/MultiCam/3)
  • South Texas Moulding (Texas/Belfab, HOMAG/3)
  • Traverse Stainless & Millwork (Michigan/Dustek, Bussellato/2)
  • Legendary Woodworks & Countertops (Texas/Raiman, Cantek/2)

The EDA IndustryInsight trend charts provide monthly statistical data on UCC financing activity in the U.S. for sale and lease transactions of equipment.

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Terry Mulreany
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