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

MAR 5, 2021 - 6:59 am

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

FEB 23, 2021 - 6:37 am

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

FEB 1, 2021 - 6:47 am

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

JAN 25, 2021 - 6:30 am

North Mill Equipment Finance reported that 2020 featured the best 12 months in the company’s 60-year history, as loan and lease originations reached an all-time high. read more

JAN 5, 2021 - 6:58 am

North Mill Equipment Finance increased the size of its senior loan facility with Deutsche Bank to $125 million to support 2020 originations. Additionally, North Mill closed a new $50 million senior loan facility with Truist Bank in December. The new loan facility increased North Mill’s total credit availability to $205 million. read more

DEC 28, 2020 - 6:14 am

North Mill Equipment Finance reached an all-time high in monthly loan and lease originations in November, as funded volume climbed to nearly $19 million, representing a growth rate of approximately 70% vs. the same period last year. read more

DEC 3, 2020 - 6:59 am

North Mill Equipment Finance, a commercial equipment lessor located in Norwalk, CT, will host a 30-minute webinar on Nov. 18 explaining how referral agents can benefit from the organization’s financial solutions and record-breaking year in originations. read more

NOV 9, 2020 - 7:33 am

North Mill Equipment Finance appointed Jeffrey T. Schick operational controller. The company also hired Elizabeth Arias-Hernandez as portfolio manager, Kimberly Merryfield as account manager, Yocasta Olivo as title and insurance administrator and Maya Samad as sales and marketing assistant. read more

NOV 5, 2020 - 7:21 am

The leaders of the top five Monitor 101+ companies — a captive, two bank affiliates and two independents — discuss the go-to-market and origination strategies that led to their success in this year’s ranking. With conditions changing drastically for many in 2020, they share the struggles and triumphs of leading their businesses through the COVID-19 pandemic. ... read more

Sept/Oct 2020

Since assuming the role of CEO in 2018, David Lee and his management team have drastically shifted the originations at North Mill Equipment Finance (NMEF) from $2 million to $3 million per month to $15 million per month in funded volume. ... read more

Sept/Oct 2020

North Mill Equipment Finance posted record originations for Q3/20, marking the best three months in the firm’s history. During the quarter, North Mill experienced a growth rate of approximately 15% over the same period last year as funded volume for the quarter came in at just under $50 million. read more

OCT 7, 2020 - 7:03 am

North Mill Equipment Finance achieved an all-time high in loan and lease fundings in July, as funded volume reached nearly $18.5 million, representing a growth rate of close to 24% compared with the same period last year. read more

AUG 4, 2020 - 7:05 am

North Mill Equipment Finance appointed Matthew Mosley broker relationship manager, Max Russell Jr. asset management associate, Bryan Rosado Delgado asset recovery associate and Jacob Keller staff accountant. read more

JUL 21, 2020 - 8:01 am

North Mill Equipment Finance posted record originations for the first half of 2020. Funded volume reached nearly $80 million, representing a growth rate of 40% over the same period last year. read more

JUL 8, 2020 - 7:02 am