Western Equipment Finance Ranked In Top 100 Equipment Finance Companies In The U.S. in 2021

Devils Lake, N.D. – Western Equipment Finance was recently ranked the 71st largest equipment finance company by assets, and 62nd by new business volume in the Monitor 100 2022 report.

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.

The 2022 report shows that Western Equipment Finance increased its assets from $537.7MM in 2020 to $585.2MM in 2021. New business volume increased from $312.8MM in 2020 to $373.5MM in 2021.

“Western Equipment Finance continues to rank on The Monitor’s ‘Top 100’ list,” Laurie Bakke, President of Western Equipment Finance, said. “We remain focused on growth, our culture and most importantly improving the experience of our customers.”

ABOUT WESTERN EQUIPMENT FINANCE

Western Equipment Finance is a bank-owned equipment finance company.  The company offers full-service commercial financing and leasing options throughout the United States. It serves several primary industry segments including agriculture, audio/visual, construction, franchise, funeral, laundry, lawn and tree care, rental and waste management. 

Western Equipment Finance is based in Devils Lake, ND, with additional team members working from locations across the country. It is a division of Western State Bank, a full-service community bank with ten locations in North Dakota and Arizona. Western State Bank is employee-owned with nearly $1.7 billion in assets and approximately 275 team members. It has a five-star superior rating by Bauer Financial, a trusted and independent research firm. The five-star rating is their highest rating for financial stability and strength.