Updated November 11, 2026
Equipment financing activity in Covington, VA
Covington has 168 active UCC filings for equipment across 83 businesses, about 2.0 per business, so repeat borrowers are common. 31 new filings were recorded in the last 12 months, down 11% on the year before. 47 of these loans reach a typical 36, 48 or 60 month term end in the next six months, an unusually large 28% of the book. HIGHLANDS COMMUNITY BANK dominates with 34% of active filings. Banks and credit unions hold 69%, more than captives and independents.
Active equipment filings
Likely ending in the next 6 months
36, 48 or 60 month term
Businesses with active filings
New filings, last 12 months
-11% on the year before
New equipment filings by month
Covington, VA, last 24 months. The current month is still coming in.
| 2024-12 | 6 |
|---|---|
| 2025-01 | 2 |
| 2025-02 | 3 |
| 2025-03 | 3 |
| 2025-04 | 3 |
| 2025-05 | 1 |
| 2025-06 | 4 |
| 2025-07 | 5 |
| 2025-08 | 1 |
| 2025-09 | 3 |
| 2025-10 | 3 |
| 2025-11 | 1 |
| 2025-12 | 4 |
| 2026-01 | 1 |
| 2026-02 | 1 |
| 2026-03 | 1 |
| 2026-04 | 6 |
| 2026-05 | 4 |
| 2026-06 | 3 |
| 2026-07 | 3 |
| 2026-08 | 3 |
| 2026-09 | 2 |
| 2026-10 | 2 |
| 2026-11 | 0 |
Top lenders
Share of active equipment filings with a named lender. Filing agents and government left out.
- HIGHLANDS COMMUNITY BANK47 · 34.1%Bank
- Western Equipment Finance11 · 8.0%Independent
- Bank
- Snap-on Credit5 · 3.6%Captive finance
- Caterpillar Financial5 · 3.6%Captive finance
- CNH Industrial Capital4 · 2.9%Captive finance
- PINNACLE BANK4 · 2.9%Bank
- THE BANK OF MONROE4 · 2.9%Bank
Top equipment types
Active filings by what the collateral describes
- Equipment, type not stated142 · 84.5%
- Construction12 · 7.1%
- Agriculture7 · 4.2%
- Blanket liens2 · 1.2%
- Manufacturing2 · 1.2%
- IT & office1 · 0.6%
- Trucks & trailers1 · 0.6%
- Vehicles1 · 0.6%
Highest-scoring businesses right now
Names are partly hidden. The app shows them, with the phone number where public records have one.
| Score | Company | Why | Lender | Filed |
|---|---|---|---|---|
78 | Gar Covington | Equipment 46 mo old · peak window+35Near the 48-month mark+4 | C T Corporation System, as representative Other | Dec 2022 |
74 | COV Covington | Equipment 43 mo old · peak window+35Active, no continuation+10 | US Foods, Inc. Other | Mar 2023 |
74 | HOM Covington | Equipment 49 mo old · late window+33Near the 48-month mark+7 | Snap-on Credit Captive finance | Sep 2022 |
71 | Oli Covington | Equipment 47 mo old · peak window+35Near the 48-month mark+7 | HIGHLANDS COMMUNITY BANK Bank | Dec 2022 |
71 | Tri Covington | Equipment 47 mo old · peak window+35Near the 48-month mark+7 | HIGHLANDS COMMUNITY BANK Bank | Dec 2022 |
69 | WHI Covington | Construction 36 mo old · peak window+35Near the 36-month mark+10 | Caterpillar Financial Captive finance | Oct 2023 |
66 | Wil Covington | Equipment 45 mo old · peak window+35Near the 48-month mark+2 | HIGHLANDS COMMUNITY BANK Bank | Jan 2023 |
65 | HOM Covington | Equipment 51 mo old · late window+29Near the 48-month mark+2 | Snap-on Credit Captive finance | Jul 2022 |
Nearby cities
- Staunton460
- Lexington229
- Stuarts Draft137
- Churchville112
- Weyers Cave80
- Grottoes68
- Verona59
- Buena Vista59
- Greenville49
- Millboro47
- Mount Sidney43
- Fairfield41
Questions
How many equipment loans are active in Covington, VA?
How many equipment loans in Covington, VA end in the next six months?
Which lenders finance the most equipment in Covington, VA?
What equipment is financed most in Covington, VA?
Is Covington, VA equipment financing growing?
Source: UCC financing statements from the weekly UCC data file of the Virginia State Corporation Commission. Last updated November 11, 2026. Counts cover businesses' equipment filings only: consumer solar, tool accounts, liens on injury claims and filings against people or sole proprietors are left out. “Active” means not terminated or lapsed. “Likely ending” means a 36, 48 or 60 month term from the filing date ends within six months; the filing itself doesn't state the term. Not a consumer report. How UCC filings work.