May’s Top Woodworking Equipment Lenders Account for 65.8% of Total
JUL 11, 2018 - 6:46 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 73 woodworking equipment related filings during the month of May 2018.
The top lenders, in filings, included:
UniFi Equipment Finance (10)
Biesse America (9)
Tie – Stiles Machinery and Geneva Capital (8)
Stearns Bank (7)
1st National Bank (6)
The top lenders, including the two tied for third, accounted for 65.8% of the total, or 48 filings. The top lender, UniFi Equipment Finance, accounted for a 13.7% share of the total.
The top five woodworking equipment buyers (location/brands/filings) included:
University of Pennsylvania organizational psychology professor Adam Grant once said, “The hallmark of originality is rejecting the default and exploring whether a better option exists.” Consider the story of eyeglass company Warby Parker. As college students buried in debt and... read more
If you are a secured lender, then you know to file a UCC financing statement to perfect your security interest in the collateral, whether or not it is tangible (such as equipment) or intangible (such as accounts or leases). You... read more