North Mill Equipment Finance
May 28, 2015    |    Issue 4     

If Fed Raises Interest Rates, How Is the Equipment Industry Impacted?

Janet Yellon, Chair of the Board of Governors of the Federal Reserve System

The Federal Reserve has announced that interest rates may go up for the first time since the recession began seven years ago. This could cause businesses that rely on borrowing capital to make improvements in their business to rush into making needed purchases prior to the Fed raising interest. Read More >>


Grow Your Business

HOW TO GET (AND KEEP) CUSTOMERS WITH AN 8-SECOND ATTENTION SPAN
North Mill Equipment Finance

Bad news: Goldfish now have a longer attention span than most humans. New research from Microsoft found that since 2000, the average human attention span has dropped from 12 seconds to a mere eight — one second shorter than that of a goldfish. That means most of you didn't even make it to this sentence. Read More >>




POWER UP YOUR PROSPECTING: PART IV
North Mill Equipment Finance

In our first few issues of The Compass, we introduced the first, second and third of a five-part series on savvy prospecting techniques. Here's the fourth in a five-part series with 10 tips for turning opportunities into funded deals. Read More >>




HEATING UP: M&A GAINING MOMENTUM IN 2015
Monitor Daily

The Alta Group’s Bruce Kropschot says the equipment financing M&A market showed signs of heating up in 2014, putting the long period of reduced activity from the Great Recession further in the past as he expects a continued upswing in 2015. Kropschot discusses recent M&A activity, noting it is a great environment for the equipment leasing M&A market. Read More >>




MONTHLY CONFIDENCE INDEX — MAY 2015
Equipment Leasing & Finance Foundation

The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903 billion equipment finance sector. Overall, confidence in the equipment finance market is 67.5, slightly lower than the April index of 70.7. Read More >>




4 REASONS WHY EMAIL MARKETING IS AN ASSET FOR SMALL BUSINESSES
Mashable

As recently as 2014, more than half of marketers surveyed by the Direct Marketing Association planned to increase spending on their email channel, citing their impressive return on investment as the driving factor. So what is it about this veteran marketing channel that keeps savvy businesses coming back for more? Read More >>




FOR SMALL BUSINESSES SEEKING EQUIPMENT, 5 FACTORS TO CONSIDER
Equipment Leasing and Finance Association

Most small businesses need equipment in order to operate and grow, and each business must decide on an acquisition strategy that is right for them. ELFA highlights five key benefits that make equipment finance an advantageous option for small businesses. Read More >>




HOW THE DMCA IS TURNING OWNERSHIP INTO 'LOANERSHIP'
R Street

In recent startling comments to the U.S. Copyright Office, John Deere insists that people who purchase new John Deere tractors don't actually own them outright. Instead, they receive "an implied license" to operate John Deere equipment with the software essential to its operation. Read More >>


NORTH MILL EQUIPMENT FINANCE PROMOTES 3 EXECUTIVES
North Mill Equipment Finance announced the promotion of three of its senior executives.

Joshua Rothman
Josh Rothman has been promoted to Executive Vice President and Chief Information Officer. He is responsible for spearheading North Mill's data analytics solutions necessary to manage a rapidly growing company and for leading the company's Second-Look Referral Programs. Josh is also a major contributor to the company's capital markets efforts and development of technology infrastructure.

Bob Dion
Bob Dion has been promoted to Senior Vice President of Credit. Bob's responsibilities as head of credit will have the added emphasis of assisting with the implementation of the company's new front end and credit adjudication model. As a member of the Credit Committee, he also leads the effort in monitoring and evaluating market and industry trends affecting North Mill.

Joe Littier
Joe Littier, an industry veteran with 40 years of experience, has been promoted to Senior Vice President of Portfolio Management, responsible for managing collections and customer service, both key component of the company's operations. Joe is also tasked with making innovative changes to improve efficiency and handle North Mill's aggressive growth plans.

Gary Silverhardt, President and CEO of North Mill stated, "Josh, Bob and Joe are long-time employees who have distinguished themselves, not only with their superior knowledge of the equipment finance industry, but in their tireless efforts in helping to make North Mill one of the premier independent equipment finance sources in the country."

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NEW BUSINESS VOLUME UP 25 PERCENT FORM 2014
A broad cross section of the $903 billion equipment finance sector reported new business volume increased $8.9 billion since March 2014, a 25 percent increase over the 12-month period.

Since 2015 began, cumulative new business volume is up 17 percent compared to 2014. Read More >>

For more information on articles in The Compass, or if you're interested in learning how to become a North Mill Referral Agent, please email Don Cosenza at dcosenza@northmillef.com or call 203-354-6018.


This newsletter includes links to other websites and the content within. The articles that link outside this newsletter have not been generated by, nor are they endorsed by, North Mill Equipment Finance. The aggregated content is simply intended to provide direct access to information that a Referral Agent may find useful.

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