North Mill Equipment Finance | The Compass
May 31, 2016    |    Issue 14
Scrapping Current Methods to Benefit the Future: Assessing the Waste & Recycling Equipment Industry
Sustainability is the hottest trend among corporations and government agencies alike. In PwC’s 17th Annual Global CEO Survey, 75 percent of CEOs agree with this saying that satisfying societal needs (beyond those of investors, customers and employees) and protecting the interests of future generations is important. How they can do more with less remains a top priority making significant gains in recycling and waste management.

The continual balance of current needs versus demands for more efficient sustainable waste management will continue to drive the sale of necessary equipment. While the price of oil has put a damper on current methods of recycling materials, the forthcoming approaches through necessary legislation, understanding of waste contents and the introduction of technology will all shift the market back on the up.
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ZEROING IN ON WHAT YOU DO THAT NOBODY ELSE CAN
North Mill Equipment Finance

As an equipment leasing professional, one of the most important steps that you can take to help guarantee you're reaching your maximum potential is to increase your marketability whenever possible. Read More >>

FIGURING OUT COST PER MILE
OOIDA

One of the easiest ways of taking the pulse of your company is to track and control the costs of doing business. This will require some bookkeeping but they are figures you are already tracking for the IRS. Why not make them work for you at the same time? Read More >>

BANKS FACE NEW RULE THAT MAGNIFIES LOSS RESERVES IN WEAK ECONOMY
Bloomberg

A new accounting rule that will force banks to set aside provisions for bad loans long before they sour could cannibalize profits and eat into capital at U.S. lenders. Read More >>

CONSTRUCTION EQUIPMENT RENTAL MARKET EXPECTED TO REACH $84.6 BILLION BY 2022
Equipment Finance Advisor

The availability of a wider range of modern, productive machinery in rental fleets coupled with infrastructural development occurring at brisk pace is projected to drive demand. Read More >>

EQUIPMENT RENTAL INDUSTRY ON COURSE FOR RECORD REVENUES IN 2016
Monitor Daily

The American Rental Association released its second quarter equipment rental industry outlook, which calls for continued revenue growth of 5.6 percent in 2016 and 4.9 percent in 2017 in the U.S. Read More >>

LESSONS LEARNED OPERATING LAS VEGAS' NEW MASSIVE MRF
Waste Age

It's been five months since the opening of the 110,000-sq.-ft. Southern Nevada Recycling Center. The $35 million MRF is capable of processing two million pounds of recyclable material per day, or 70 tons per hour, and is expected to double recycling capacity in the area. Read More >>

4 SIMPLE STEPS TO GETTING TWICE AS MUCH DONE IN HALF THE TIME
Entrepreneur

Do you ever get to the end of a day, look back and ask yourself, "What did I really get done today?" You feel like you spent the whole day working but have nothing to show for it: Your business hasn't improved. Read More >>

US MANUFACTURING SHOWS SIGNS OF STABILITY AS EXPORT ORDERS RISE
Reuters

U.S. factory activity expanded at a more moderate pace in April due in part to a slowdown in new orders, but a rise in export orders to a near 1-1/2-year high and signs an inventory overhang drag was fading offered hope for the manufacturing sector. Read More >>

WHY CONFIDENCE WILL ALWAYS TRUMP IQ
Inc.

Why is it that the smartest person you know and the most successful person you know are not always the same person? Given the emphasis based on IQ by society today one would assume that the smartest people in society would naturally be the most successful or the most powerful, but this is not always the case. Read More >>
HELP YOUR DEALERS SELL MORE PRE-OWNED CONSTRUCTION EQUIPMENT
Construction equipment dealers are often left with "old friends" on the lot – pre-owned equipment that may be refurbished and good as new, but moves more slowly because shiny new equipment may be more appealing or come with manufacturer incentives. But, even with manufacturer incentives, not every customer can afford brand new equipment.

North Mill is now making it easier for referral agents to level the playing field for customers who prefer used construction equipment by expanding eligibility for qualified assets. Eligible used construction equipment has been increased to 15 years old or 15,000 hours of use. So assuming it meets other North Mill equipment guidelines, a 2000 model-year backhoe, for example, is good to go.

For more information on the upgrade, please contact your North Mill account manager.

ELFA OUTLINES 5 STEPS TO BUYING EQUIPMENT
Most small businesses require equipment in order to operate and grow, and each business must decide on an acquisition strategy that is right for them. A majority of businesses turn to equipment leasing and financing so they can take advantage of a range of benefits.

ELFA shared the following steps that businesses can take to get started leasing or financing equipment. Read More >>

North Mill's management team is comprised of industry veterans who have an unparalleled expertise in financing, each bringing years of related experience to the table. Together, they've taken the company to great heights, positioning North Mill as a premier lender with thousands of satisfied customers.

Over the next few months, we'll put a face to a name and introduce you to North Mill's executive management team. In this issue we introduce our Senior Vice President, Portfolio Management, Joe Littier.
JOE LITTIER
Senior Vice President,
Portfolio Management
Joe Littier joined North Mill Equipment Finance almost 20 years ago. He has more than 40 years experience in the leasing and finance industry. As a key member of the North Mill management team, Joe is involved in many areas of the company including operations, sales, remarketing, credit, collections, customer service, legal, documentation, re-structuring, UCC management, insurance and titling. His expansive career includes prior ownership in two businesses; one of those businesses was a partnership in a leasing and finance company.

Currently, Joe is the department head for Collections and Customer Services and his responsibilities are many and varied. Some of the areas he focuses on include insurance, UCC's, titling and restructuring. Prior to joining North Mill, Joe held executive positions at leasing the companies of Randolph Computer Corporation and Davenport Leasing and Financial Corporation.

Joe resides in Trumbull, CT, with his family.

For more information on articles in The Compass, or if you're interested in learning how to become a North Mill Referral Source, 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 Source may find useful.

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