North Mill Equipment Finance | The Compass
November 23, 2015    |    Issue 10
North Mill Introduces Series
of Program Enhancements
As we march towards the last half of the fourth quarter, North Mill is excited to finish off the year with a bang as the company introduces a bevy of new products and services designed to broaden the offerings our referral agents have available to their customers. This special issue of The Compass is dedicated to highlighting these enhancements. Read More >>



New Product Information

APP PLUS™: UP TO $250,000 OF FINANCING NOW AVAILABLE


North Mill's "application only" program is a simple way to obtain financing for your customers with minimal documentation. We require only a signed credit application and an invoice with equipment specifications. Read More >>

INTRODUCING THE RE-FI/CASH-OUT PROGRAM


The Re-Fi/Cash-Out program is similar to a "sale leaseback" in that customers can pull equity from an asset and use it toward the down payment of a new deal or to refinance an existing one. Read More >>

PRIVATE SALES MAKE DEBUT AT NORTH MILL


If there's one question North Mill account managers get asked on a regular basis, it's this: "Does your firm accept private sale deals?" Until recently, the answer was no. But now that's changed. Read More >>

FINANCING UP TO $4,000 IN WARRANTIES


When your customers purchase new equipment, they can get sticker shock. On one hand, they know a warranty protects their investment. But they may sidestep the option because they see it only as an additional expense they don’t want to incur. Read More >>

REEFER TRAILERS — EXTENDED TO 12,500 HOURS OF USE


North Mill recently offered referral agents a new and nearly effortless opportunity to broaden their businesses: we now finance used refrigerated trailers "reefers" with up to 12,500 hours usage on the clock. This is a significant 25 percent increase in the number of hours we previously accepted. Read More >>

IMPROVED PRICING AVAILABLE FOR NEW AND RECENT VINTAGE EQUIPMENT
Help your dealers move new equipment faster and easier


When it comes to moving new and recent vintage equipment off the shelves or off the lot, dealers often need an incentive to help them promote pricier new collateral vs. less expensive "pre-owned" units.
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. Read More >>

ADDITIONAL COLLATERAL ACCEPTED TOWARD DOWN PAYMENT


It's not unusual for a referral agent to hear from a customer that it's going to take time to pony up the required down payment for an equipment purchase. That certainly delays the financing process and in some cases can kill the deal altogether if the customer can’t make the down payment. Read More >>

CELEBRATING 25 YEARS OF ELFA MEMBERSHIP
North Mill is honored to have received an award commemorating the company for its long-standing commitment to the Equipment Leasing and Finance Association (ELFA). William G. Sutton, President and CEO of ELFA, presented North Mill with a crystal award celebrating 25 years of ELFA membership.

"We're pleased to receive the recognition," said Gary Silverhardt, President and CEO of North Mill. "We do everything we can to support associations like ELFA. As an industry advocate, ELFA offers many valuable services. Their data base of information, calendar of events, and website and newsletters are just a few ELFA resources we count on. Our commitment to ELFA will continue for years to come."

Warranty financing up to $4,000



10/10 program: improved rate structure for new and recent vintage equipment



Construction 15: financing for construction equipment up to 15 years old or 15,000 hours



Refrigerated trailers covered with up to 12,500 hours



App Plus™ program: available financing up to $250,000



Re-Fi/Cash Out program: leveraging equipment that's owned "free & clear"



Additional collateral accepted toward down payment



Private sale program: non-dealer financing

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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