Top Five Woodworking Equip Lenders Account for 67.9% of January 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 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.

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