North Mill Equipment Finance (NMEF), an independent commercial equipment lessor headquartered in Norwalk, Connecticut, achieved a new company record in monthly funded volume, surpassing $73 million in October, exceeding the previous high by over $15 million.
NMEF continues to expand into medical equipment financing; the medical category has become the largest in its portfolio, comprising 34% of all funded assets for the month.
“This move aligns with NMEF’s strategy to broaden its asset mix beyond freight transportation,” David Lee, chairman and CEO of NMEF, said. “This accomplishment reflects not only the strength of our team, but also our commitment to building meaningful relationships with our partners, including other funding sources.”
“By granting our partners greater autonomy over the vendor and application processes, while ensuring compliance with NMEF’s rigorous standards for credit, documentation, and funding, the company has been able to significantly boost operational efficiency for both NMEF and its most loyal referral partners,” Mark Bonanno, president and chief operating officer of NMEF, said. “Through a focus on asset diversification and responsive financing structures, NMEF continues to deliver on its mission of passionately pursuing excellence for all stakeholders.”
