Updated November 11, 2026
Equipment financing activity in Salem, VA
Salem has 490 active UCC filings for equipment across 312 businesses, about 1.6 per business, so repeat borrowers are common. 124 new filings were recorded in the last 12 months, up 27% on the year before. 115 of these loans reach a typical 36, 48 or 60 month term end in the next six months, an unusually large 23% of the book. The market is spread out: First-Citizens Bank and Trust Company leads with 10%, followed by John Deere Financial at 7%. Banks and credit unions hold 62%, 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
+27% on the year before
New equipment filings by month
Salem, VA, last 24 months. The current month is still coming in.
| 2024-12 | 7 |
|---|---|
| 2025-01 | 7 |
| 2025-02 | 10 |
| 2025-03 | 9 |
| 2025-04 | 10 |
| 2025-05 | 4 |
| 2025-06 | 9 |
| 2025-07 | 9 |
| 2025-08 | 6 |
| 2025-09 | 9 |
| 2025-10 | 7 |
| 2025-11 | 15 |
| 2025-12 | 15 |
| 2026-01 | 7 |
| 2026-02 | 8 |
| 2026-03 | 12 |
| 2026-04 | 9 |
| 2026-05 | 16 |
| 2026-06 | 3 |
| 2026-07 | 17 |
| 2026-08 | 12 |
| 2026-09 | 11 |
| 2026-10 | 3 |
| 2026-11 | 0 |
Top lenders
Share of active equipment filings with a named lender. Filing agents and government left out.
- First-Citizens Bank and Trust Company32 · 10.3%Bank
- John Deere Financial23 · 7.4%Captive finance
- Bank of Botetourt19 · 6.1%Bank
- PINNACLE BANK16 · 5.1%Bank
- Wells Fargo Bank, N.A.12 · 3.8%Bank
- CNB Bank11 · 3.5%Bank
- Snap-on Credit9 · 2.9%Captive finance
- Bank
Top equipment types
Active filings by what the collateral describes
- Equipment, type not stated418 · 85.3%
- Construction31 · 6.3%
- Blanket liens24 · 4.9%
- Agriculture14 · 2.9%
- IT & office2 · 0.4%
- Manufacturing1 · 0.2%
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 |
|---|---|---|---|---|
84 | INT Salem | Equipment 36 mo old · peak window+35Near the 36-month mark+10 | SECURED LENDER SOLUTIONS Other | Oct 2023 |
84 | Lay Salem | Equipment 48 mo old · peak window+35Near the 48-month mark+10 | First-Citizens Bank and Trust Company Bank | Oct 2022 |
84 | B.S Salem | Equipment 48 mo old · peak window+35Near the 48-month mark+10 | Forward Financing LLC Independent | Oct 2022 |
81 | Lay Salem | Equipment 47 mo old · peak window+35Near the 48-month mark+7 | First-Citizens Bank and Trust Company Bank | Nov 2022 |
81 | Lay Salem | Equipment 47 mo old · peak window+35Near the 48-month mark+7 | First-Citizens Bank and Trust Company Bank | Nov 2022 |
78 | INT Salem | Equipment 46 mo old · peak window+35Near the 48-month mark+4 | CORPORATION SERVICE COMPANY, AS REPRESENTATIVE Other | Dec 2022 |
76 | AAR Salem | Construction 52 mo old · late window+27Active, no continuation+10 | John Deere Financial Captive finance | Jun 2022 |
74 | BLU Salem | Construction 36 mo old · peak window+35Near the 36-month mark+10 | John Deere Financial Captive finance | Nov 2023 |
Equipment types in Salem
Nearby cities
- Martinsville373
- Rocky Mount365
- Vinton196
- Moneta187
- Radford182
- Huddleston135
- Troutville99
- Hardy94
- Riner89
- Wirtz89
- Ridgeway79
- Stuart62
Questions
How many equipment loans are active in Salem, VA?
How many equipment loans in Salem, VA end in the next six months?
Which lenders finance the most equipment in Salem, VA?
What equipment is financed most in Salem, VA?
Is Salem, 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.