The Equipment Leasing & Finance Foundation’s April 2024 Monthly Confidence Index for the Equipment Finance Industry reported that overall confidence in the equipment finance market is 52.9, the second-highest mark for the index in the last two years but a decline from last month’s mark of 55.2. read more

APR 18, 2024 - 6:31 am

North Mill Equipment Finance promoted Deana Redmond to AVP of asset recovery, Jessica Eisenbeis to manager of contract administration, Kate LeConey to manager of broker relationships and marketing, and Matt Mosley to manager of broker relationships. In addition, Joe Littier, a long-time senior leader at the company, announced his retirement. read more

JAN 17, 2024 - 6:36 am

North Mill Equipment Finance raised $20,000 in charitable contributions during the 2023 holiday season. The proceeds will be distributed to Future 5, a platform that supports under-resourced high school students in Stamford, CT, and Lucky Dog Refuge, a retreat for dogs in dire need of care. read more

JAN 8, 2024 - 6:57 am

Every broker wants to improve the chances of their deals crossing the finish line. Don Cosenza outlines how third-party originators can use the ‘six c’s of credit’ to paint a full financial picture for lenders and improve the odds of having a deal approved.... read more

Sept/Oct 2023

North Mill Equipment Finance closed its seventh asset-backed securitization, NMEF Funding 2023-A. read more

SEP 22, 2023 - 6:57 am

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by NMEF Funding 2023-A, an equipment asset-backed securitization. NMEF 2023-A represents North Mill Equipment Finance’s seventh equipment ABS. read more

SEP 8, 2023 - 6:57 am

North Mill Equipment Finance earned a spot on the Inc. 5000, Inc.’s annual list of fastest growing private businesses in the U.S. A first-time honoree, North Mill was ranked No. 1,598 based on its three-year revenue growth rate of 354%. read more

AUG 25, 2023 - 7:05 am

IOU Financial informed North Mill Equipment Finance that the proposal IOU received from North Mill to acquire all outstanding shares of IOU at a price of $0.28 cash for each share did not constitute a "superior proposal" to a previous arrangement with 9494-3677 Québec Inc. read more

AUG 10, 2023 - 7:08 am

North Mill Equipment Finance sent a letter recently to the special committee of the board of directors of IOU Financial proposing to acquire the company at a 27% premium to the price per share agreed to by IOU and a group of inside shareholders. read more

JUL 26, 2023 - 7:05 am

North Mill Equipment Finance won the GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment loan securitization. read more

JUN 14, 2023 - 6:58 am

North Mill Equipment Finance, an independent commercial equipment lender located in Norwalk, CT, launched its online customer portal, a feature-rich digital platform designed to help the company’s nearly 15,000 customers self-manage their accounts 24/7. read more

JAN 18, 2023 - 7:12 am

North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, reported its organic lease and loan originations reached an all-time high and financial and operational key performance indicator exceeded all expectations in 2022. read more

JAN 10, 2023 - 7:22 am

North Mill Equipment Finance promoted nine officer and manager employees representing several departments across the organization. read more

JAN 6, 2023 - 7:26 am

Don Cosenza of North Mill Equipment Finance delivers a comprehensive guide to being a successful broker in the equipment finance industry by examining the commercial financing process from the lender’s perspective. ... read more

Sept/Oct 2022

North Mill Equipment Finance closed its sixth commercial equipment-backed securitization, NMEF Funding 2022-B. The $353 million transaction is North Mill’s second ABS transaction this year, bringing the company’s total privately placed bond proceeds raised this year to $724 million.  read more

OCT 18, 2022 - 7:12 am