Top Five Logging Equipment Lenders Account for 71.4% of February Total

Statistical data for the logging equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 276 logging equipment related filings during the month of February 2018.

The top five lenders, in filings, included:

  • John Deere Industrial Credit (78)
  • Caterpillar Financial Services (46)
  • DLL (25)
  • Wells Fargo Vendor Financial Services (18)
  • Tie – Stearns Bank and Wood-Mizer (includes Wood-Mizer LLC and Wood-Mizer Productions) (15)

The top five accounted for 71.4% of the total, or 197 filings. The top lender, John Deere Industrial Credit, accounted for a 28.3% share of the total.

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

  • Blue Star Equipment (Michigan/Morbark, Bandit/10)
  • Treesmiths (Pennsylvania/Altec/5)
  • Paul Loftin (Texas/Tigercat, CSI, Deere/4)
  • T 2 Inc. (Oregon/Deere/3)
  • Arbor Resources (Texas/Vermeer/2)

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

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Terry Mulreany
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