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Monthly report

Wisconsin Equipment Finance Report, December 2025

Lenders filed 3,772 new UCC financing statements for business equipment in Wisconsin in December 2025, up 62% from the month before and up 26% on the same month a year earlier. John Deere Financial filed the most, 141. PNC Bank, National Association, as Agent grew fastest, from 31 to 69. Agriculture was the largest identified equipment category with 305 filings.

3,772

New equipment filings

+62%

Month over month

+26%

Year over year

New equipment filings, last 12 months

Wisconsin, businesses only

3,7721,886Jan 2025: 2,787Jan 25Feb 2025: 2,523Mar 2025: 2,706Apr 2025: 3,462AprMay 2025: 3,299Jun 2025: 3,065Jul 2025: 3,004JulAug 2025: 2,639Sep 2025: 2,856Oct 2025: 2,969OctNov 2025: 2,323Dec 2025: 3,772Dec
New equipment UCC filings per month in Wisconsin, 12 months to December 2025
2025-012787
2025-022523
2025-032706
2025-043462
2025-053299
2025-063065
2025-073004
2025-082639
2025-092856
2025-102969
2025-112323
2025-123772

Top lenders

New filings in December 2025, change from the month before

  1. 1John Deere FinancialCaptive finance141 +27%
  2. 2Heights Finance CorporationIndependent98 +53%
  3. 3Caterpillar FinancialCaptive finance80 +5%
  4. 4CNH Industrial CapitalCaptive finance78 +70%
  5. 5PNC Bank, National Association, as AgentBank69 +123%
  6. 6Landmark Credit UnionBank62 +114%
  7. 7Kubota CreditCaptive finance54 +38%
  8. 8FARM CREDIT SERVICES OF AMERICA, PCABank49 +63%
  9. 9Compeer Financial, PCAIndependent45 +7%
  10. 10NICOLET NATIONAL BANKBank44 +13%

Equipment categories

New filings in December 2025

  1. Equipment, type not stated3,282 · 87.0%
    +67% month over month
  2. Agriculture305 · 8.1%
    +41% month over month
  3. Construction151 · 4.0%
    +24% month over month
  4. IT & office16 · 0.4%
    +167% month over month
  5. Trucks & trailers8 · 0.2%
    +700% month over month
  6. Manufacturing7 · 0.2%
    +75% month over month
  7. Vehicles3 · 0.1%
    0% month over month
  8. Medical0 · 0.0%
    -100% month over month

By lender type

Share of filings with a named lender

  1. Bank1,571 · 41.9%
  2. Other1,138 · 30.4%
  3. Independent612 · 16.3%
  4. Captive finance428 · 11.4%

Busiest cities

New filings in December 2025

  1. Milwaukee359 · 9.5%
  2. Madison103 · 2.7%
  3. Green Bay91 · 2.4%
  4. Brookfield70 · 1.9%
  5. Appleton53 · 1.4%
  6. Waukesha53 · 1.4%
  7. Eau Claire52 · 1.4%
  8. Sheboygan48 · 1.3%
  9. Kenosha45 · 1.2%
  10. Monona44 · 1.2%

Use this chart

Free to republish with a link back. The image updates if the month's numbers are revised.

New equipment UCC filings in Wisconsin, 12 months to December 2025
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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.

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Wisconsin data

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