Top Five Office Equipment Lenders Account for 65.4% of November Total

Statistical data for the office equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 3,981 office equipment related filings during the month of November 2017.

The top five lenders, in units, included:

  • US Bank Equipment Finance (1,219)
  • Xerox Financial Services (556)
  • Everbank Commercial Finance (329)
  • CIT Bank (255)
  • Wells Fargo Financial Leasing (244)

The top five accounted for 65.4% of the total, or 2,603 units. The top lender, US Bank Equipment Finance, accounted for a 30.6% share of the total.

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

  • Loyola University Maryland (Maryland/Sharp and HP/133)
  • Johnson Controls (Wisconsin/Ricoh/128)
  • Reliant Pro Rehab (Texas/Brother/126)
  • Par Mar Oil (Ohio/Lexmark/90)
  • Jernigan Oil (North Carolina/Kyocera-Mita/74)

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.