Western Equipment Finance Ranked In Top 100 U.S. Equipment Finance Companies
Devils Lake, ND – Western Equipment Finance was recently ranked in the top 100 largest equipment finance companies in the United States by the Monitor. Western Equipment Finance is the 79th largest equipment finance company by net assets and the 68th by new business volume.
The Monitor 100 is published each year by the Monitor, a highly regarded industry publication. The Monitor collects data directly from equipment finance companies, provides analysis and publishes the results.
The 2020 report shows that Western Equipment Finance increased its portfolio from $376.5MM in 2018 to $428.1MM at the end of 2019. For new business originations, it increased from $295.2MM in 2018 to $299.8MM by the end of 2019.
“Western Equipment Finance continues to hold an impressive position on the Monitor 100,” Laurie Bakke, President of Western Equipment Finance said. “Through everything, our staff is positive and hard-working. We wouldn’t see this kind of success without our fantastic team.”
Western Equipment Finance is a full-service commercial equipment finance company that offers both conventional financing and lease options. Western provides financing throughout the United States and is headquartered in Devils Lake, ND.
For more information, contact:
Chad Palmer, Vice President of Sales & Marketing