North Mill Equipment Finance
September 08, 2015    |    Issue 7     

Identifying Trending Sectors: Heavy Construction Equipment Expected To Grow Close to 7 Percent
The construction equipment sector is on fire. According to subscription-based research firm marketsandmarkets, the heavy construction equipment market is expected to expand by 6.8 percent from 2015-2020. The catalyst for the surge is mainly an increase in residential buildings, road construction, and the building of hospitals/health centers, colleges and universities. Read More >>


How to Prospect in 2015

NORTH MILL'S VALUE STORY: 'APPLICATION ONLY' MAKES DEAL SUBMISSION FAST AND EASY
North Mill Equipment Finance

There's no doubt about it – application only programs are a major time saver for referral agent and customer alike. But not all lenders offer such programs, and if and when they do, restrictions and/or stipulations are part and parcel. Not so at North Mill. We'll explain our "application only" program and what we need from our referral agents when deals are submitted. Read More >>




MEDIUM AND HEAVY TRUCK SALES UP 7 PERCENT IN JULY
Trailer Body Builders

Medium and heavy truck sales were up 7 percent in July over the same period a year ago and down 4 percent from the previous month, according to figures compiled by Wards Communications. Read More >>




WORST OF THE BEST: 5 BLUNDERS MADE BY SUCCESSFUL INVESTORS
MultiBriefs

In Wall Street's long history, many investors and companies have made successful investments that put them on the map (and made them hundreds of millions of dollars). But, despite their prolific returns, no one has a perfect investment record. In the hunt for extraordinary profits, an investor's mistakes can lead to extraordinary losses. Here are a few examples. Read More >>




WHY INSTITUTIONAL INVESTORS ARE DOMINATING SMALL BUSINESS LENDING
Forbes

It was about seven years ago that the economy dipped into a deep recession and the ensuing "credit crunch" made it difficult for small business owners to secure capital. Banks essentially closed the door on small businesses. However, when one door closes another one opens. Read More >>




VIDEO INFOGRAPHIC: 2015 SURVEY OF EQUIPMENT FINANCE ACTIVITY
Equipment Leasing & Finance Association

Learn key findings from the Equipment Leasing and Finance Association's largest survey of the year, the 2015 Survey of Equipment Finance Activity. Read More >>




THE GRUELING LIFE OF A LONG-HAUL TRUCKER
Esquire

Long-haul trucker Josh Giesbrecht lives a strange and solitary life, spending weeks on the road at a time while hauling cargo from point A to point B. He discusses getting paid by the mile, why Canadian fuel is superior to the stuff sold in the United States, and how not to plunge over an icy cliff in the depths of winter. Read More >>




SELF-EMPLOYED? HERE'S WHERE YOU SHOULD INVEST
Minneapolis Star Tribune

Working for yourself means giving up certain benefits, like a workplace retirement plan. But when it comes to saving for old age, you still have plenty of choices. Which retirement account you choose depends on how much you earn and the amount you want to contribute in any given year, financial planners say. Here are your best options. Read More >>


OUR NEW AND IMPROVED WEBSITE HAS YOU IN MIND!
Have you noticed a difference in North Mill's website? We hope so! Our marketing team just completed a major overhaul of the site, adding new functionality and unveiling a fresh new look.

Highlights include:
  • A consistent user experience with our new mobile-friendly design. Whether you're viewing our site on a 22-inch monitor or the latest and greatest phablet, the website adjusts itself accordingly across all devices;
  • A helpful education center located on the homepage where visitors can download articles, white papers, and other documents for easy reference;
  • A 3-minute long value story video with access links throughout the site conveys the benefits of doing business with North Mill;
  • Reference documentation that visitors can use to familiarize themselves with our list of approved assets and financial solutions;
  • Online application that new referral agents can use to become members of the North Mill family;
  • Feedback loop that visitors can use to reach the North Mill management team
In order to gain the full experience of our new website, please take a few minutes and stop by for a look-see. You can reach the site at www.northmillef.com or at www.nmef.com — both URLs will take you straight to our new home page.

NEW BUSINESS VOLUME GREW NEARLY 7 PERCENT IN 2014
The Equipment Leasing and Finance Association's 2015 Survey of Equipment Finance Activity reports new business volume grew 6.7 percent in the equipment finance industry in 2014.

The SEFA report, now celebrating its 40th year, covers key statistical, financial and operations information for the $903 billion equipment finance industry. Read More >>

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 >>

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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Norwalk, CT 06854
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