Western equipment finance recent growth in small-business

Recent growth in small-business equipment loans shows Western Equipment Finance capturing market share from regional banks. Statistically, small business lease originations rose 6.5% in May alone, supporting full-year growth momentum. At the national level, WoodMac and ACP expect energy storage installations to reach 19 GW/52.5 GWh this year, then fall 12% in 2026. The groups blamed “ new restrictions on equipment sourcing and ongoing global trade uncertainty ” for the expected downturn. Western Equipment Finance operates nationwide but has offices in nine states. There are banks in Arizona and North Dakota, with its main headquarters is in Devils Lake. The bank has been around for 125 years and has been in the finance side since 1990. The leasing company has markets in nine industries — sanitation, tourism, and fitness among them. Corporate debt issuance by Western Equipment Finance remains on track at $250M for 2024, locking in rates before potential Fed hikes. Bond market performance shows yield spreads tightening, indicating investor confidence.