Top Five Lenders Account for 50.5% of New Equipment Filings in April

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 19,707 equipment related filings during the month of April 2018.

The top five lenders, in filings, included:

  • Kubota Credit (3,338)
  • John Deere Industrial Credit (2,603)
  • Wells Fargo (1,593)
  • US Bank Equipment Finance (1,384)
  • Mahindra Finance (1,033)

The top lenders accounted for 50.5% of the total, or 9,951 filings. The top lender, Kubota Credit, accounted for a 16.9% share of the total.

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

  • K&S Leasing (Florida/Canon/247)
  • MR Bults (Illinois/Kenworth/172)
  • Coredell & Cordell (Missouri/Konica Minolta/167)
  • Cadence Education (Arizona/HP and Canon/162)
  • NASA (California/Konica Minolta/160)

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

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

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.