Wayne, June 12, 2017 – Monitor recently published its annual ranking of the year’s top 25 vendor channel players in the US, once again naming DLL the leader in vendor finance originations for 2016.
DLL continues to command the top spot thanks to its commitment to industry knowledge and strong dealer partnerships. In a recent Monitor article featuring DLL, CEO Bill Stephenson commented, "We will continue to focus on the business of our partners, specializing in their markets and helping them sell more products and services through our partnerships. That has been the key to our success for more than 40 years and will continue to be for decades to come.”
The purpose of the Monitor rankings is to provide a yearly update on the evolving vendor finance landscape. This year’s top 25 participants saw a 10.9% increase in volume. Although the total volume didn’t break last year’s record, of the 25 contributors, 18 reported a net increase in new business volume. Their combined value totaled $4,216.9 million.
DLL USA reported $10.8 billion in volume, contributing to the $26.5 billion total for the top five vendor finance companies. That’s an increase of $377 million from $10.4 billion the previous year. DLL leads Wells Fargo Equipment Finance (ranked number two) by $2 billion.
The Monitor rankings can be found here.
