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.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

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.