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

Tips to Grow a Business Facebook Page That Delivers Results
AZ Big Media

As of 2019, Facebook had more than 2.4 billion users across the world. More than 60 million businesses also operate a business page on Facebook, and the social media platform has helped small business owners and corporations cultivate and engage their audiences.

Commentary: The Demise of the Freight Brokerage
Freight Waves

The soft freight market of 2019 has caused the bankruptcy of 640 trucking companies, 11 of which are major carriers, accounting for the loss of over 3,000 jobs. For perspective, the whole of 2018 saw 318 carrier closures. The soft market and slowing global economy have been the nail in the coffin for some long-standing carriers like New England Motor Freight, Falcon Transport and LME.

Spending on Construction Equipment Grows 14 Percent: Report
Construction Equipment

Investment in construction equipment grew at an annualized rate of 14 percent in the second quarter, according to the Equipment Leasing and Finance Foundation. Investment is up 5.3 percent year-over-year, and is expected to be between 0 and 7 percent over the next four quarters.

ADDITIONAL UPDATES

ELFA Survey: 2018 Sees Moderate Compensation Growth
Monitor Daily

The 2019 Equipment Leasing and Finance Compensation Survey measures compensation rates for the 2018 fiscal year as reported by more than 75 companies representing a cross section of the equipment finance sector, including independents, banks and captives.

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.

Subscribe to North Mill Newsletter

*Email:
*First Name:
*Last Name:
*Company:
Title:
Street Address:
City:
State / Province:
Zip / Postal Code:
Country:
Privacy Policy