Top Five Lenders Account for 65.3% of New Equipment Filings in May

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 21,156 equipment related filings during the month of May 2018.

The top five lenders, in filings, included:

  • Kubota Credit (5,204)
  • John Deere Industrial Credit (4,496)
  • Caterpillar Financial (1,567)
  • Wells Fargo (includes Vendor Financial Services and Financial Leasing) (1,422)
  • Mahindra Finance (1,126)

The top lenders accounted for 65.3% of the total, or 13,815 filings. The top lender, Kubota Credit, accounted for a 24.6% share of the total.

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

  • UPMC Pinnacle (Pennsylvania/Konica Minolta/199)
  • Community Health Network (Indiana/Sharp, Kyocera-Mita/179)
  • YMCA of Greater Twin Cities (Minnesota/Konica Minolta/149)
  • Lifespan Corp. (Rhode Island/Xerox/103)
  • Henkels & McCoy National (Pennsylvania/Caterpillar, Freightliner, Altec, Versalift, Lay-Mor, Yanmar, INTL, Skylift, Atlas-Copco, Wacker, Wackerneuson, Ditch-Witch, Peterbilt/77)

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! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

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.