North Mill Equipment Finance
July 28, 2015    |    Issue 6     

Identifying Trending Sectors: What's the Market Outlook for the US Construction Sector?
Out of all of the industries in the United States, there are few that are considered to be more important than construction equipment. The construction equipment sector is responsible for the handling of the tools and equipment necessary to do everything from build or schools to refurbish our infrastructure and to allow workers to handle mission critical materials as safely, securely and as efficiently as possible. A number of very interesting things are going on in construction equipment right now. Read More >>


Grow Your Business

WILL GREECE'S ECONOMIC WOES IMPEDE US BUYERS?
North Mill Equipment Finance

Greece is on the brink of economic downfall due to extensive investments in the Greek market, improper distribution of funds throughout the Greek government, Greece's labor laws, and the movement of Greek assets to the private sector. Unfortunately, Greece's problems are not simply going to impact the EU; they may have Western hemisphere implications. Read More >>




TURNS OUT MOST SMBS DON'T COMPARE LENDERS
PYMNTS.com

A new survey from LendingTree shows that a majority of small businesses who apply for loans don't take time to shop around. The data shows that of those seeking small business loans within the past year, 58 percent of the 170 U.S. small business owners did not compare loan options during the application process. Read More >>




THE END OF INTEREST RATES
Medium

Entrepreneurs and tech people love to fantasize about the future. But besides dreamful tech fantasies, how will financial markets look like? How will, especially, interest rates and the return on capital develop over the next 50 years driven by technological disruption? Read More >>




SAMSUNG MAKES BIG TRUCKS TRANSPARENT IN THE NAME OF ROAD SAFETY
The Verge

Back in 2009, a Russian design house introduced the Transparentius concept for improving road safety. It was remarkably simple: put a camera on the front of large, slow-moving trucks and connect it to video displays on the back, thereby informing trailing drivers whether it's safe to overtake the big rig. That's the same idea that Samsung is now pursuing with a new prototype truck. Read More >>




THE CASE FOR THE 32-HOUR WORKWEEK
The Atlantic

Since 2006, Ryan Carson, the CEO of Treehouse, has maintained a four-day workweek for his employees. "There's no rule that you have to work 40 hours, you have to work more to be successful," says Carson. "We've proven that you can take it from an experiment into something that's doable for real companies and real people in highly competitive markets.”" Read More >>




HOW TO TURN AN ANGRY CUSTOMER INTO YOUR BIGGEST ASSET
American Express OPEN Forum

We've all had customers who were less than satisfied. Maybe your first inclination in those situations was to run and hide, hoping the issue would resolve itself. Instead, it's smart to know how you can turn these customers from raging against your brand to being your biggest fans — while improving your customer service standards along the way. Read More >>




HIGH INVESTOR DEMANDS BREEDS COMPETITION, CONSOLIDATION AND INNOVATION
Monitor Daily

Spirits and confidence in the equipment finance sector were high at the 14th Annual Investor Conference where panelists concurred that equipment has reached a new level of familiarity and desirability with investors. 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 the 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. Effective immediately, eligible used construction equipment has been increased to 15 years old or 15,000 hours of use..

For more information on the upgrade, please contact your North Mill Account Manager or Don Cosenza at 203-354-6018 or email dcosenza@northmillef.com.
Used Construction
Equipment Eligibility
  • Approved pre-owned construction equipment

  • Up to 15 years old

  • Up to 15,000 hours of use

  • WHICH TYPE OF EQUIPMENT DO MOST OF YOUR CUSTOMERS REQUEST?

    Select all answers that apply:
    Transportation
    Agricultural
    Construction
    Materials handling
    Medical
    Manufacturing
    Other
    Submit Answers >>

    ELFA: NEW BUSINESS VOLUME UP 10 PERCENT
    The Equipment Leasing and Finance Association's Monthly Leasing and Finance Index showed their overall new business volume for May was $7.1 billion, up 1 percent from new business volume in May 2014.

    Year to date, cumulative new business volume increased 10 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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