Monthly report
Wisconsin Equipment Finance Report, November 2025
Lenders filed 2,323 new UCC financing statements for business equipment in Wisconsin in November 2025, down 22% from the month before and down 11% on the same month a year earlier. John Deere Financial filed the most, 111. Caterpillar Financial grew fastest, from 65 to 76. Agriculture was the largest identified equipment category with 216 filings.
New equipment filings
Month over month
Year over year
New equipment filings, last 12 months
Wisconsin, businesses only
| 2024-12 | 2995 |
|---|---|
| 2025-01 | 2787 |
| 2025-02 | 2523 |
| 2025-03 | 2706 |
| 2025-04 | 3462 |
| 2025-05 | 3299 |
| 2025-06 | 3065 |
| 2025-07 | 3004 |
| 2025-08 | 2639 |
| 2025-09 | 2856 |
| 2025-10 | 2969 |
| 2025-11 | 2323 |
Top lenders
New filings in November 2025, change from the month before
- 1John Deere FinancialCaptive finance111 -41%
- 2Caterpillar FinancialCaptive finance76 +17%
- 3Heights Finance CorporationIndependent64 +19%
- 4CNH Industrial CapitalCaptive finance46 -6%
- 5Compeer Financial, PCAIndependent42 -30%
- 6Royal Credit UnionBank40 -15%
- 7Kubota CreditCaptive finance39 +3%
- 8NICOLET NATIONAL BANKBank39 -22%
- 9PNC Bank, National Association, as AgentBank31 0%
- 10FARM CREDIT SERVICES OF AMERICA, PCABank30 -17%
Equipment categories
New filings in November 2025
- Equipment, type not stated1,969 · 84.8%-22% month over month
- Agriculture216 · 9.3%-29% month over month
- Construction122 · 5.3%+9% month over month
- IT & office6 · 0.3%-60% month over month
- Manufacturing4 · 0.2%-56% month over month
- Vehicles3 · 0.1%0% month over month
- Medical2 · 0.1%-33% month over month
- Trucks & trailers1 · 0.0%-50% month over month
By lender type
Share of filings with a named lender
- Bank1,083 · 46.8%
- Other512 · 22.1%
- Independent406 · 17.5%
- Captive finance314 · 13.6%
Busiest cities
New filings in November 2025
- Milwaukee185 · 8.0%
- Madison72 · 3.1%
- Green Bay50 · 2.2%
- Brookfield41 · 1.8%
- Appleton37 · 1.6%
- Oshkosh30 · 1.3%
- Waukesha30 · 1.3%
- Janesville28 · 1.2%
- Fond Du Lac26 · 1.1%
- Menomonee Falls22 · 0.9%
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.