Western Ranked Among Top 100 Equipment Finance Companies in the U.S.

Western Equipment Finance was ranked the 71st largest equipment finance company by assets, and 61st by new business volume in the Monitor 100 2023 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 2023 report shows that Western Equipment Finance increased its assets from $585.2MM in 2021 to $721.3MM in 2022. New business volume increased from $373.5MM in 2021 to $495.2MM in 2022.

“I’m proud of our team’s continued growth and impact on the industry,” Chad Palmer, who was promoted to President at Western Equipment Fianance in early 2023, said. “To be counted among the Monitor’s ‘Top 100’ list is a huge achievement.”