North Mill Equipment Finance Related Content

North Mill Equipment Finance Sets Company Record for Quarterly Originations in Q3/21

North Mill Equipment Finance reported that its Q3/21 loan and lease originations reached an all-time quarterly high of $129.1 million. North Mill surpassed high-water marks attained earlier this year, with new records being set for both quarterly and monthly volume. read more

North Mill Equipment Finance Enters Mid-Ticket Financing Space, Increases App Only Maximum to $250K

North Mill Equipment Finance has entered the mid-ticket financing sector by offering referral agents the opportunity to finance up to $1 million for their customers through the company’s Application Plus program.  Additionally, North Mill extended the maximum amount financed via its Application Only solution to $250,000. read more

North Mill Equipment Finance and Taycor Financial Acquire Aztec Financial from Aramsco

North Mill Equipment Finance and Taycor Financial acquired 100% of the stock of the parent company of Aztec Financial from an affiliate of Aramsco.   read more

The Other Side: Industry Executives Share Perspectives on Pandemic-Era Leadership

The leaders of five top equipment finance companies have a conversation with Eric McGriff, founder and president of Pinnacle Advisory Services, regarding their respective leadership challenges during the COVID-19 pandemic and how they have emerged on the back-end of the crisis.... read more

North Mill Equipment Finance Achieves Company Record for Originations in Q2/21

North Mill Equipment Finance reported that its originations for Q2/21 exceeded a company record-breaking $120 million. The company also set a new record for June, as originations closed at just under $26 million, marking the best month in the company’s history. read more

Standing Strong After the Storm: Monitor’s Top Private Independents Achieve 9.1% Growth in 2020

Although Monitor’s Top Private Independents faced many challenges in 2020, the group managed collective volume growth of 9.1% amid the COVID-19 pandemic. With Ascentium Capital out of the running, Stonebriar Commercial Finance seized the crown, while Trans Lease, First National Capital and Kingsbridge catapulted their way into the top five. ... read more

North Mill Equipment Finance Expands Operations with 14 New Staff Members

North Mill Equipment Finance added 14 new employees to its workforce, including Denise Steinberger as vice president of the western region and Michael P. Morris as vice president of national accounts. read more

North Mill Restructures Working Capital Solution with New ‘Cash Out’ Financing Arrangement

North Mill Equipment Finance restructured its working capital solution. The financing arrangement, called “Cash Out,” allows customers to borrow the equity of paid-up business equipment and channel the proceeds back into the company. read more

North Mill March Volume Hits $24MM, Marking All-Time High

North Mill Equipment Finance reached an all-time high in monthly loan and lease originations in March. Funded volume surged to more than $24 million, a growth rate of 53% from last March and an increase of 22% from the company’s previous high-water mark last December. read more

North Mill Closes Largest Securitization in Company History at Nearly $236.6MM

North Mill Equipment Finance closed its fourth commercial equipment backed securitization, NMEF Funding 2021-A. The $236.588 million ABS issuance, North Mill’s largest, featured five tranches of notes, achieving a roughly 86% advance rate through the Class D note. read more

North Mill Equipment Finance Upsizes Investment Grade Bond Issuance to $25MM

North Mill Equipment Finance, an independent commercial equipment lessor located in Norwalk, CT, upsized its existing investment-grade rated corporate notes to $25 million. read more

KBRA Assigns Preliminary Ratings to North Mill Equipment Finance’s Fourth Equipment ABS

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by NMEF Funding 2021-A. The notes are newly issued asset-backed securities backed by a portfolio of equipment leases and loans. NMEF 2021-A is North Mill Equipment Finance’s fourth equipment ABS. read more

North Mill Equipment Finance Promotes Bonanno to President

North Mill Equipment Finance promoted Mark Bonanno to president and chief operating officer. Bonanno is a certified public account. He joined the company as CFO in September 2016 and was promoted to COO in August 2018. read more

AACFB Awards New Scholarship to High School Senior in Connecticut

The American Association of Commercial Finance Brokers (AACFB) awarded its newly developed scholarship to Vincent Borges. Borges is a high school senior in Norwalk, CT, and will receive an award of $500 as the first recipient of the new scholarship. read more

North Mill Equipment Finance Promotes 10 Employees

North Mill Equipment Finance, an independent commercial equipment lessor located in Norwalk, CT, promoted 10 employees across several departments in the organization. read more

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