Top Five Woodworking Equipment Lenders Account for 65.4% of Feb Total
APR 10, 2018 - 6:40 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 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)
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