North Mill Equipment Finance | The Compass
December 14, 2015    |    Issue 10
Conditions Are Ripe For a Strong Financing Season in the Construction Industry
The construction equipment market has been witnessing strong growth over the last few years on account of increasing demand from construction sector across the globe. New business volume, booking expectations and investment in the construction sector are all on the up – and numbers suggest an even stronger 2016.

According to the Wells Fargo 2015 Construction Industry Forecast in 2015, 70 percent of construction equipment distributors said they expect sales to increase, compared to 63 percent in 2014.
Read More >>



MARKETING YOURSELF ON LINKEDIN
North Mill Equipment Finance


If you're running a business in the digital age in which we now live in, social networking activity is no longer merely a recommendation. It has officially become a requirement. If one of your upcoming New Year's resolutions is to learn how to more effectively market yourself on LinkedIn, there are a few key things to keep in mind.
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EQUIPMENT RENTAL INDUSTRY 5 YEAR FORECAST CALLS FOR EVEN GROWTH
Equipment Finance Advisor

The American Rental Association latest forecast calls for equipment rental industry revenue growth in the United States of 6.7 percent in 2016 and 2017, 6.2 percent in 2018 and 5.8 percent in 2019 to reach $48.7 billion. Read More >>

EQUIPMENT FINANCE SECTOR CONFIDENCE UP
Asset Finance International

Confidence in the US equipment finance market is on the up according to the latest research from the Equipment Leasing and Finance Foundation, boosted by a more stable business environment and expectations of a traditional year-end buying push, but the longer term outlook appears mixed. Read More >>

MEDIUM AND HEAVY TRUCK SALES UP 6 PERCENT IN OCTOBER
Trailer Body Builders

Dealers sold 63,820 trucks with GVW ratings above 10,000 pounds during the month, up 6 percent from October 2014 (60,442) and 1 percent from September 2015 (63,143). Compared with October 2014, Class 8 trucks were down 13 percent (20,972, compared to 22,032). Class 7 sales were 5,282, up 10 percent from 4,781. Read More >>

EL NIÑO MAY WARM US ECONOMY IN EARLY 2016, HALTING SLUMPS
Bloomberg

The winter doldrums that have beleaguered the U.S. economy over the past two years may come to an end in 2016. The weather phenomenon known as El Niño could give the world's largest economy a leg up in coming months as a milder winter supports growth in housing and consumer spending. Read More >>

10 BUSINESS BOOKS FOR YOUR NIGHTSTAND
Small Business Trends

Being an entrepreneur isn't a career choice, it's a calling. And this means that it's a very personal experience. There are countless experts and gurus out there who are happy to share their "blueprints" for success. But at the end of the day, you are the master of your destiny. Read More >>

THE 1 QUESTION FOR YOUR CUSTOMERS GUARANTEED TO HELP YOUR BUSINESS GROW
Inc.

It always amazes me when customers go out of their way to tell you something they like, or don't, about your product. It takes time to actually verbalize that you want something to be better in the product you bought, and for what? How many companies actually listen? Read More >>

US BUSINESS SPENDING GAUGE SURGES, DURABLE GOODS ORDERS SOAR
Reuters

A gauge of U.S. business investment plans surged in October, the latest suggestion that the worst of the drag from a strong dollar and deep spending cuts by energy firms was over. Read More >>
EARN $150 CASH REWARD FOR EVERY DEAL YOU FUND AFTER YOUR FIRST
Attention North Mill referral agents: Qualify to earn a cool $150 per deal in December!

That's right. As a referral agent who works with North Mill, all you need to do is fund one deal this month to qualify for our December cash dash. For every deal you fund after the first, you'll earn a cash payout of $150 per deal. Here's how it works: Fund two deals in December and earn $150. Fund three deals and earn $300. Fund ten deals and earn $1,350!

And remember ... now's the perfect time to contact your customers and remind them of Section 179 of the IRS Tax Code. This allows businesses to deduct up to the full cash purchase price of qualifying equipment purchased or placed in service during the year.**

Let's make this a big month and celebrate together! Call your North Mill account manager for details. To become a North Mill referral agent, please complete our online application by visiting our website at www.nmef.com and clicking on "Become a Referral Agent."

*All deals must fund no later than 5:00 pm EST Monday, December 31, 2015. All qualifying applications include those that are received in December as well as those that have already been submitted and are currently under review.

NEW BUSINESS VOLUME UP 3 PERCENT YTD
According to ELFA's Monthly Leasing and Finance Index, overall new business volume for October was up 3 percent year-to-date and down 8 percent year-over-year and month-to-month.

"Performance in the equipment finance market was mixed in October: new business volume weakened somewhat — both in terms of the month- and year-earlier periods — while portfolio quality remained steady," ELFA President and CEO Woody Sutton said. 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 Chief Information Officer, Josh Rothman.
JOSH ROTHMAN
Executive Vice President,
Chief Information Officer
Josh Rothman joined North Mill Equipment Finance back in 2003 when the company was known as Equilease. A member of the executive management team, Mr. Rothman is currently a leading contributor to the development of North Mill's credit model, front-end and back-end systems and manages the company's Second-Look Programs and operational reporting to North Mill's senior lending sources.

During his tenure, Mr. Rothman has held various positions with the company, including management of third-party portfolio acquisitions, with a focus on pricing, diligence, closing and operational transitioning of more than 30 portfolios totaling over $1 billion of original equipment cost.

Prior to joining Equilease, he was a financial analyst at a publishing company. Mr. Rothman received his B.S. in Mathematics from St. Lawrence University.

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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