Primary Lender: People’s United Equipment Finance Corp. f/k/a Financial Federal Credit, Inc.

According to public Florida Uniform Commercial Code (UCC) records, which document loan transactions, People’s United Equipment is the secured party, or creditor, for over 80% of the UCC transactions involving Zeiger companies.

Financial Federal filed its first UCC statement with Zeiger in December 2000. UCC filings indicate that the lending company has provided steady financing to Zeiger ever since. In 2009, though, the number of UCC filings increased markedly. On April 17, 2009 the parties filed twelve (12) separate UCCs; and on October 20 they filed eleven (11) UCCs. So far in 2010, the number of filings is more than double the amount in 2009. At this time it is unclear what caused these flurries of transactions. See the chart below showing the number of UCCs filings by year FFC made with Zeiger.

For a complete examination of Financial Federal’s lending relationship with Zeiger click on the case study link below.

FCC loans to Zeiger Crane

UCC Filings

Click on the link above to see the principal creditors for Zeiger Crane Rental and affiliated entities.

This section includes publicly available Uniform Commercial Code (UCC) filings made by Zeiger-affiliated companies. The Uniform Commercial Code, regulated at the state level, provides a set of rules for the conduct of commercial transactions. A UCC filing is a financing statement between a debtor and a secured party (creditor) filed typically with the UCC office of the state where the commercial transaction took place. The filing details the security interest (collateral) that the secured party holds in the transaction.

Collateral

Click the above link to view the security interest (collateral) extracted from the available UCC filings above. Much of the crane and vehicle inventory for the various Zeiger enterprises is available for viewing here.

Information contained in the attached list may reflect both current and past collateral, since some lenders do not to file a UCC form-3 (Termination) to renounce their claim of a security interest at a loan’s payoff or lease expiration. Our collateral list shows all cranes, trucks and equipment purchased or leased by Zeiger where there has not been a corresponding UCC-3, but clearly our list includes more equipment than currently owned or used by Zeiger. Zeiger is well known for short-term leasing of equipment, and for frequent buying and selling of equipment. UCC filings do not always keep pace with these many transactions. Zeiger’s website has a relatively up-to-date list of the cranes currently in the company’s fleet.