North Mill Equipment Finance | The Compass
Issue 10 2019
North Mill
As 2019 winds down, we thought it would be a nice treat for our broker partners to get a chance to "meet" the folks with whom they interact on a regular basis - the professionals who comprise the North Mill Account Management team. Read More >>

Value in the Proposition: Executive Perspective
As Seen in the December 2019 Issue of Equipment Leasing & Finance
By Don Cosenza, CMO, North Mill Equipment Finance

As the company CMO, I'm often asked my thoughts on advertising. Where should my firm place an ad? Who should design, copywrite and print our collateral? Direct mail or e-campaign? LinkedIn or Facebook?

Long before I extol the virtues of building a sound marketing plan or even touch upon the micro-details of search engine optimization, I boil the conversation down to something more fundamental yet indispensable to the success of any business plan: the company value proposition.

North Mill Equipment Finance Closes $164MM Securitization
Monitor Daily

North Mill Equipment Finance closed its third commercial equipment asset backed securitization (ABS), NMEF Funding 2019-A. The $164 million ABS issuance priced at a duration weighted average yield of 3.15%. The proceeds will be used to pay down the company's higher priced warehouse lines and further diversify its portfolio by increasing the percentage of better credit customers. Read More >>

Construction Equipment Investment to Grow in 2020: Report
Construction Equipment

Investment growth in construction equipment should "increase moderately" in 2020, according to a new report from the Equipment Leasing & Finance Foundation. Citing an increase of 4 percent in the third quarter over the same period in 2018, the Foundation says its Construction Machinery Momentum Index points to "modest growth in construction machinery investment growth over the next two quarters." Read More >>

Celadon Bankruptcy Biggest of nearly 800 truck company failures this year
CBS News

The demise of trucking company Celadon Group is another leg in what's proving to be a dismal drive for the industry this year. The largest ever trucking sector bankruptcy, Celadon abruptly shut down - leaving more than 3,000 drivers jobless and in many cases stranded with their rigs - amid an accounting scandal that prosecutors say cost shareholders $60 million. But the company's collapse also reflects an industry wide downturn that has taken out hundreds of other trucking companies this year. Read More >>
Equipment Finance Industry Confidence Increased in November
The Monthly Confidence Index for the equipment finance market is 54.9 in November, an increase from the October index of 51.4. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.


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 Paul Cheslock, VP of Customer Relations at or call 1-203-354-1283.

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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