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 16,373 new equipment related filings during the month of October 2018.
The top five lenders, in filings, included:
The top lenders accounted for 56.7% of the total, or 28,875 new filings. The top lender, Kubota Credit, accounted for a 14.9% share of the total.
The top five equipment buyers (location/brands/filings) included:
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.
Most loan documents contain a default interest provision, which states that the interest rate of the loan will increase in the event of a default. Default interest is enforceable, at least in the absence of an unconscionable rate. (1) California Civil... read more
Tariffs and taxes have been dominating U.S. economic news this year. What do these developments mean for the equipment leasing and finance industry? Here’s what we know. Following economic news in assessing impacts of changing tariffs and taxes on the... read more