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:
The COVID-19 pandemic has forced many lenders in the equipment finance industry to pivot their strategies to the online or digital environment. This may include payment modifications, self-service capabilities and increased bandwidth for online transactions. The equipment finance industry has... read more
Paul Fogle spent the first 23 years of his career in commercial real estate, working for a large bank and a Wall Street firm, with private investment banking firms, and as an independent broker and third-party originator. In 2012, Quality... read more