Top Five Woodworking Equip Lenders Account for 67.9% of January Total
MAR 12, 2018 - 7:56 am
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 78 woodworking equipment related filings during the month of January 2018.
The top five lenders, in units, included:
Biesse America (19)
Wells Fargo (includes Wells Fargo Equipment Finance, Wells Fargo Bank and Wells Fargo Vendor Financial Services) (13)
Geneva Capital (8)
UniFi Equipment Finance (7)
US Bank Equipment Finance (6)
The top five accounted for 67.9% of the total, or 53 units. The top lender, Biesse America, accounted for a 24.4% share of the total.
The top five woodworking equipment buyers (location/brands/filings) included:
ProLam Products (Illinois/HOMAG/4)
Fineline Woodworks (California/SCMI, Routech/3)
Champion Construction & Development (Florida/Nextech/2)
Russell Carroll Manufacturing (North Carolina/ORMA, BELFAB/2)
DJR Holdings (Iowa/Biesse/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.
Have you ever thought about who will succeed you when you are ready to step down or retire? What plans are in place to backfill senior roles throughout your organization for planned or emergency job vacancies? Most businesses have formal... read more
Monitor is extremely pleased to introduce our readers to its first annual leadership awards. Deborah and I work at opposite ends of the corporate spectrum; I run an independent small ticket equipment finance company, and she runs Worldwide Leasing and... read more