Top Five Woodworking Equip Lenders Account for 63.3% of December Total

Statistical data for the woodworking equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 60 woodworking equipment related filings during the month of December 2017.

The top five lenders, in units, included:

  • Wells Fargo (includes Wells Fargo Equipment Finance and Wells Fargo Vendor Financial Services) (19)
  • Biesse America (6)
  • Stearns Bank (5)
  • 1st Trust Bank (4)
  • US Bank Equipment Finance (4)

The top five accounted for 63.3% of the total, or 38 units. The top lender, Wells Fargo, accounted for a 31.7% share of the total.

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

  • El & El Wood Products (California/Norfield/6)
  • Hollywood Woodwork (Florida/CML, KBA, HOMAG/3)
  • Mountain Oak Millwork (North Carolina/Dustek, SCMI/3)
  • Sixplus (New York/HOMAG, BELFAB/3)
  • Carroll Install (California/BELFAB, HOMAG, WEEKE/2)

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