EDA is a company that provides market insight to businesses large and small in a wide variety of industries. One of the insights is the listing of financing of new equipment purchasing and lending for those purchases.
DLL (formerly De Lage Landen), a global provider of asset-based financial solutions, announced that three of its “food and agriculture brands” were ranked among the top 10 on the EDA’s Industry Insight list of Top 20 Equipment Lenders—a prominent data-driven list that considers financing activity for new equipment in eleven industries.
Those DLL top performing brands were among the overall top 20 in financing activity of all types of new equipment in November. The brands are Mahindra Finance USA, Agco Finance and Agricredit. Mahindra Finance and AGCO both operate as joint ventures in the U.S.
Top 20 Equipment Lenders
The list of top 20 lenders nationwide for each of EDA's eleven industries, based on financing activity results added up by EDA in November is below. The results are based on all financing statements of sale and lease transactions for new equipment only.
John Deere Indl. Credit 3,239
Kubota Credit Corp. 2,705
C N H Indl. Capital Amer. 1,737
Caterpillar Fin. SVC Corp. 1,047
Mahindra Fin. USA 606
Farm Credit SVC 529
AGCO Fin. 454
G E Capital Commercial Inc. 418
Agricredit Accept. LLC 343
Wells Fargo Bank 307
Toyota Motor Credit Corp. 235
Komatsu Fin. 219
Wells Fargo Eqt. Fin. 204
Farm Credit LSG SVC Corp. 155
G E Capital Corp. 152
De Lage Landen Fin. SVC 127
Diversified Fin. SVC 126
G E Credit Corp. 98
Bank of the West 95
Connell Eqt. LSG Co. 89
Despite declines in the agriculture segment of the leasing industry in quarter-to-quarter and year-over-year performance, DLL has reported continued double-digit growth in this segment and increased market share over last year, the company announced in showing its pride in serving agriculture.
Bill Stephenson, CEO, said, “We achieve success by combining DLL’s financial knowhow with the innovative products our partners have developed to help feed a growing population among ever-shrinking resources.”
Leveraging parent company Rabobank’s presence as one of the largest F&A banks in the world, DLL works with its vendor partners—ranging from independent family-owned dealers to the world’s largest dealer organizations—to put the right tools in the right hands, Stephenson explained