Monthly report
Virginia Equipment Finance Report, May 2026
Lenders filed 2,399 new UCC financing statements for business equipment in Virginia in May 2026, down 10% from the month before and up 4% on the same month a year earlier. Caterpillar Financial filed the most, 146. PNC Bank, National Association grew fastest, from 33 to 42. Construction was the largest identified equipment category with 223 filings.
New equipment filings
Month over month
Year over year
New equipment filings, last 12 months
Virginia, businesses only
| 2025-06 | 2195 |
|---|---|
| 2025-07 | 2451 |
| 2025-08 | 2234 |
| 2025-09 | 2310 |
| 2025-10 | 2396 |
| 2025-11 | 2085 |
| 2025-12 | 4530 |
| 2026-01 | 2319 |
| 2026-02 | 2385 |
| 2026-03 | 2711 |
| 2026-04 | 2669 |
| 2026-05 | 2399 |
Top lenders
New filings in May 2026, change from the month before
- 1Caterpillar FinancialCaptive finance146 -17%
- 2John Deere FinancialCaptive finance106 +1%
- 3Kubota CreditCaptive finance49 -18%
- 4PNC Bank, National AssociationBank42 +27%
- 5ATLANTIC UNION BANKBank41 +24%
- 6DLLIndependent35 +13%
- 7Wells Fargo Vendor Financial Services, LLCBank33 -25%
- 8PINNACLE BANKBank26 +44%
- 9TowneBankBank26 -43%
- 10JPMorgan Chase Bank, NABank25 +4%
Equipment categories
New filings in May 2026
- Equipment, type not stated2,017 · 84.1%-10% month over month
- Construction223 · 9.3%-7% month over month
- Agriculture138 · 5.8%-19% month over month
- IT & office9 · 0.4%0% month over month
- Manufacturing7 · 0.3%0% month over month
- Trucks & trailers2 · 0.1%0% month over month
- Vehicles2 · 0.1%-33% month over month
- Medical1 · 0.0%n/a month over month
By lender type
Share of filings with a named lender
- Bank835 · 35.1%
- Other704 · 29.6%
- Independent473 · 19.9%
- Captive finance367 · 15.4%
Busiest cities
New filings in May 2026
- Virginia Beach115 · 4.8%
- Richmond111 · 4.6%
- Fredericksburg53 · 2.2%
- Alexandria52 · 2.2%
- Norfolk52 · 2.2%
- Manassas48 · 2.0%
- Fairfax45 · 1.9%
- Chesapeake44 · 1.8%
- Glen Allen43 · 1.8%
- Roanoke43 · 1.8%
Use this chart
Free to republish with a link back. The image updates if the month's numbers are revised.
The businesses behind these filings
Every filing in this report is in the Radar with the business, the equipment and a score for when it's likely to finance again.