Caterpillar Financial equipment loans in Virginia

Caterpillar Financial holds 4,082 active equipment financing statements against 1,707 businesses in Virginia, according to public UCC filings. New filings held steady over the last 12 months at 1,077. 802 of these loans reach a typical 36, 48 or 60 month term end in the next six months, an unusually large 20% of the book. Construction is the largest equipment type, at 100%. Captive finance arms of the manufacturers write 100% of it, so dealer relationships matter here. That makes it the number 1 equipment lender in the state by active filings, with 5.5% of lender-held filings. It is classed as captive finance.