North Mill Attains All-time High in Originations in July

North Mill Equipment Finance LLC, a leading independent commercial equipment lessor located in South Norwalk, Connecticut, announced today yet another record-breaking month in originations as the company posted $15 million of aggregate volume in July. An all-time high for the organization, the momentum is expected to continue as the year progresses.

INDUSTRY NEWS

Equipment Leasing Remains a Viable Option
Talk Business & Politics

Equipment finance can be traced back more than 4,000 years, when Sumerians produced leases on tablets made of clay (not Apple) for agricultural tools and animals. Today, the industry meets the equipment needs of not just agri companies, but the construction, transportation, medical and manufacturing industries, just to name a few.

Small Business Marketing on a Budget
Business.com

Small businesses are often operating on a tight budget, which can make finding the money for quality marketing a tough task. Fortunately, we live in a digital age that provides many ways to market your business digitally on a very small budget in order to grow your customer base and your own reputation.

July New Heavy-Duty Truck Orders Lowest Since 2010
Freight Waves

New truck orders in July fell to their lowest level since 2010, more evidence that a trucking sector recession is taking hold. FTR Transportation Intelligence reported preliminary orders of 9,800 units. That was down 82 percent from the same month last year when fleets rushed to secure build slots for new equipment in a robust economy.

ADDITIONAL UPDATES

Used Equipment FAQs: Expectation vs. Reality of Buying Used Equipment
For Construction Pros

Used equipment has experienced a surge in popularity and for good reason. An uptick in specialized projects, economic ups and downs and slow availability of new equipment have all contributed to the boost in used values and demand. Even with the advantages and practicality of buying used construction equipment, not every fleet manager or owner is eager to make the move on a pre-owned machine. Why? Because there are a lot of misconceptions about used equipment.

Private Companies Can Learn from Public Company Implementations of the Lease Accounting Standard
Accounting Today

It won't make a sound. No tremor will be felt. But by the end of this year, as much as $3 trillion in lease liabilities will have landed on the balance sheets of our nation's public companies. The trigger? Accounting Standards Codification (ASC) Topic 842, the Financial Accounting Standards Board's new standard on accounting for leases.

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