Top Five Woodworking Equip Lenders Account for 67.2% of November Total

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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 64 woodworking equipment related filings during the month of November 2017.

The top five lenders, in units, included:

  • Wells Fargo Equipment Finance (19)
  • TimePayment (9)
  • Unifi Equipment Finance (6)
  • TCF Equipment Finance (5)
  • Stearns Bank (4)

The top five accounted for 67.2% of the total, or 43 units. The top lender, Wells Fargo Equipment Finance, accounted for a 29.7% share of the total.

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

  • Brett Schervone (California/Laguna, Powermatic, Jet/6)
  • Closets by Design of North Texas (Texas/Belfab, HOM|AG/4)
  • Nannette Schervone (California/Laguna, Powermatic, Jet/3)
  • Aurora Technologies (Missouri/HAAS/2)
  • Nilco (Ohio/Golden-Eagle/2)

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Terry Mulreany
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Susie Angelucci
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