Top Five Lenders Account for 47.6% of New Equipment Filings in November



Statistical data provided by EDA showed the top 20 lenders in an industry group encompassing agriculture, construction, lift trucks, logging equipment, machine tools, office equipment, printing, trucking and woodworking, in the aggregate, filed financing statements covering a total of 26,853 new equipment related filings during the month of November 2018.

The top five lenders, in filings, included:

  • John Deere Industrial Credit (4,815)
  • Kubota Credit (4,113)
  • CNH Industrial Capital America (1,438)
  • Caterpillar Financial Services (1,266)
  • Wells Fargo (includes Vendor Financial Services) (1,156)

The top lenders accounted for 47.6% of the total, or 26,853 new filings. The top lender, John Deere Industrial Credit, accounted for a 17.9% share of the total.

The top five equipment buyers (location/brands/filings) included:

  • Round Rock School District (Round Rock, TX/Sharp/307)
  • Lamar Consolidated Independent School District (Rosenberg, TX/HP, Konica-Minolta/187)
  • PNC Bank (Pittsburgh/Ricoh/174)
  • Deness Leasing (Frankfort, IL/Case/114)
  • St. Vincent Charity Medical Center (Cleveland/Lexmark, Konica-Minolta/105)

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

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com