Western Equipment Finance was recently named in the overall rankings of the most active finance and lease companies in the vendor/dealer channel. Western Equipment Finance ranked 22nd in the Monitor's Survey of 2011's most active players in the vendor channel.
The Monitor survey bases the rankings from equipment finance companies that have provided information on their funded volume for 2011 which was derived from manufacturer, vendor and/or dealer relationships. In 2011, Western Equipment Finance reported financing $69.6 million in new business originations sourced through manufacturer, vendor and/or dealer relationships, an origination channel most commonly referred to as the "vendor channel."
Western Equipment Finance is a leading small ticket equipment finance company in the leasing and finance industry. Western Equipment Finance provides a variety of equipment finance solutions for targeted industries nationwide. "We are excited to be named in the survey as a leading finance company in the vendor channel. Despite the lagging U.S. economic conditions, over the past few years we have experienced new business growth within our vendor channel. We are committed to maintaining strong relationships with our manufacturer, vendor, and dealer partners and to improving our ranking in the top 25 most active players in the vendor channel," commented Laurie Bakke, President of Western Equipment Finance.