Western Equipment Finance Recognized As a Top 100 Equipment Finance Company in the U.S.
Western Equipment Finance has again been recognized by the industry’s leading publication.
In the Monitor 100 report for 2024, Western Equipment Finance was ranked the 62nd largest equipment finance company in the United States, 55th largest by new business, and 35th largest by . Western Equipment Finance was ranked 31st among the Top 50 Banks in equipment finance by volume.
Western Equipment Finance increased its new business volume from $495.2 million in 2022 to $576.9 million in 2023, according to the Top 100 report. Assets increased from $875.4 million in 2022 to $1.07 billion in 2023, and the company increased its vendor channel new business volume from $410.0 million to $486.5 million.
The Monitor is a primary publication for the equipment finance industry. Its annual report, Monitor 100, analyzes equipment finance company performance in the previous year.
“I’m incredibly proud of our team’s ongoing growth and the impact we’re making in the industry,” said Chad Palmer, President of Western Equipment Finance. “Continuing to appear on the Monitor’s ‘Top 100’ list is a significant accomplishment and a testament to our dedication and hard work.”