Directory Profile

Funding Sources

North Mill Equipment Finance

North Mill Equipment Finance
601 Merritt 7, Suite 5
Norwalk, CT 06851
(800) 223-6630
www.nmef.com

Contact Information

Don Cosenza, SVP, Chief Marketing Officer, CLFP
(203) 354-1710
dcosenza@nmef.com

Paul Cheslock, VP, Customer Relations
(203) 354-1283
pcheslock@nmef.com

North Mill Equipment Finance is headquartered in Norwalk, CT. As a broker-centric, small and mid-ticket lender, North Mill finances transactions in the A – C credit range and considers many different types of assets including construction, transportation, materials handling, health care, manufacturing, janitorial, livery and franchise equipment. The company offers loans, leases, and EFAs along with a working capital solution called “Cash Out.” Moreover, North Mill works with start-ups and owner operators and has an “application only” program ranging from $15k to $250k and an “application plus” solution for transactions up to $1M.

General Information

Funding Information

Company Type

Non-Bank Financial

In Business Since

1957

Trade Associations

ELFA
NEFA
AACFB
NACLB

Funding Source Type

Lender

Source of Funds

Bank Lines
Warehouse Lines
Investors
Finance Companies

Annual Funded Volume

$391.4M

Transaction Profile

Deal Size Range

$15K - $1M

Term

3-5 Years

Average Term

54 Months

Products Offered

Conditional Sale
Discounting
EBO
EFA
Finance Lease
FMV
Loans
Operating Lease
Sale/Leaseback
TRAC
True Lease

Scope of Geographic Activity

National

Transaction Preferences

Credit Quality

Investment Grade or Equivalent
Near Investment Grade
A Quality
B Quality
C Quality
Start-ups

Special Services

Application Only Programs
Brokers Welcome
Custom Structures
Franchise Specialty
Monetary Incentives
Poor Credit/Bankruptcy
Portfolio Purchases
Titled Vehicles