Top Five Lenders Account for 84% of New Equipment Filings in September

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 23,811 equipment related filings during the month of September 2018.

The top five lenders, in filings, included:

  • Kubota Credit (5,007)
  • John Deere Industrial Credit (3,488)
  • Wells Fargo (includes Vendor Financial Services) (1,202)
  • Caterpillar Financial (1,005)
  • U.S. Bank Equipment Finance (952)

The top lenders accounted for 84% of the total, or 23,811 filings. The top lender, Kubota Credit, accounted for a 21% share of the total.

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

  • Pensacola State College (Pensacola, FL/Sharp/157)
  • Philadelphia Gas Works (Philadelphia/Xerox/97)
  • Kershaw County School District (Camden, SC/Sharp, Muratec, Kyocera-Mita/95)
  • Azusa Unified School District (Azusa, CA/Xerox/71)
  • Quarles & Brady (Milwaukee/Canon/64)

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.

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