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.