Top Five Woodworking Equipment Lenders Account for 65.4% of Feb 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 52 woodworking equipment related filings during the month of February 2018.

The top five lenders, in filings, included:

  • Stearns Bank (11)
  • Wells Fargo (includes Wells Fargo Equipment Finance, Wells Fargo Bank and Wells Fargo Vendor Financial Services) (8)
  • M2 Lease Funds (7)
  • Biesse America (4)
  • JP Morgan Chase Bank (4)

The top five accounted for 65.4% of the total, or 34 filings. The top lender, Stearns Bank, accounted for a 21.2% share of the total.

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

  • Mason Woodworks (New York/SawStop, Festool, Felder/7)
  • Cutting Edge Millwork (Florida/Fedler, Nederman/3)
  • Corilam Fabricating (North Carolina/HOMAG/3)
  • Wooden Creations Plus (Wisconsin/Laguna, LIMTECH/3)
  • N/A (Kansas/Ironwood/3)

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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