North Mill Equipment Finance | The Compass
August 2018    |    Issue 24
WAFRA Purchases North Mill
North Mill Equipment Finance LLC, a leading independent, small ticket, equipment finance company for essential-use commercial and industrial equipment, principally in the transportation, construction and manufacturing markets, announced that it has been acquired by an affiliate of Wafra Capital Partners Inc. Read More >>

North Mill Announces New, Simple Early Payoff Policy

North Mill Equipment Finance is pleased to announce its revised and simplified payoff policy for customers. Effective immediately, all new loan contracts include a straightforward and crystal-clear payoff policy that we call "5-3-1". Read More >>

Using Equipment Leasing To Strategic Advantage
Equipment Finance Advantage

With lease financing being used by a majority business in the U.S. today, most corporate executives are generally familiar with leasing. When an improving economy releases pent-up demand for capital equipment, many companies may find their financial conditions not rebounding fast enough to purchase new equipment outright. Read More >>

The Cost of Not Including "Intrapreneurs" in
Your Company

Equipment Finance Advisor

Looking back over the history of the golden years of American industry, one particular trend line stands out: 88% of Fortune 500 companies in 1955 no longer exist today. The average lifespan of a company on Standard & Poor's list of 500 top publicly traded large-cap companies, meanwhile, is now 19 years in comparison to 55 years in 1960. Read More >>

Multiple Challenges Coming With New Lease Accounting Standard
Accounting Web

With a new lease accounting standard looming on the 2019-20 horizon, many companies are scrambling to plan for the transition, whether in advance of the deadline or on-time. Read More >>

How U.S. Tax Reform Rewards Companies that Shift Profit to Tax Havens

The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding. Read More >>

Become A North Mill Broker
Join the hundreds of equipment finance brokers who have partnered with North Mill. The one-page, online application takes less than 10 minutes to complete. Click here to join the team!

ELFA's Monthly Leasing and Finance Index showed their overall new business volume for April was $7.9 billion, unchanged year-over-year from new business volume in April 2017.


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 Catherine Cuthbertson at or call 1-800-223-6630.

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 LLC. The aggregated content is simply intended to provide direct access to information that a Referral Source may find useful.

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