Richard Hummel is the founder of Woodpeckers, based in Strongsville, Ohio. He started the company in 1988 as a result of a woodworking hobby. The business initially imported tools and eventually shifted to manufacturing its own. Today Woodpeckers sells products worldwide as a direct to consumer company, and the team designs, develops, manufactures, and markets every product they offer.
At any given time, Woodpeckers manages roughly 2,400 different parts that need to be machined. The workload includes a mix of turned parts, typically produced on Swiss machines, and milled parts. Altogether, those components support approximately 800 SKUs. With such a wide variety, every machine purchase and financing decision influences the company’s overall workflow.
A trusted partnership that reduces paperwork and delays
Woodpeckers financed their very first machine with MFR and with Kevin Schaefer in 2001. The transaction was smooth with minimal headache and minimal paperwork, and they always received a quick response.
What makes MFR work for the Woodpeckers team is the simplicity of the process. The company has a strong relationship with its bank, although that route involves more paperwork and a slower turnaround. MFR offers less paperwork and a faster process, which makes it convenient to work with a single organization for both hardware purchases and financing.
Real Results from a Seamless Financing Process
Learn why Woodpeckers finances many of their milling machines and CNC Swiss Type Lathes with Machinery Finance Resources.