North Mill Equipment Finance | The Compass
Issue 1 2021
North Mill's Remarketing Team: Supporting the "Second Sale"
North Mill
Unfortunately, not all equipment finance transactions come to term. Some, due to a variety of reasons, default. When that happens, North Mill must take possession of the equipment and resell it to recover as much of the value as possible.

That's when North Mill's Remarketing team springs into action. The Compass caught up with Kristin Coster, AVP, Operations, North Mill, to learn about the department and how she and her team add value to the company's bottom line.
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North Mill Announces 10 Employee Promotions
North Mill

North Mill recently announced the promotion of ten employees representing several departments across the organization.
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ABI: January Total Bankruptcy Filings Decrease More Than 40% Y/Y
Monitor Daily

Total bankruptcy filings fell more than 40% in January 2021 compared to last year, according to data provided to the American Bankruptcy Institute by Epiq. Total filings in January 2021 were 32,298 representing a 44% decrease from the January 2020 filing total of 58,160.
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Equipment Leasing and Finance Association Announces Top 10 Equipment Acquisition Trends for 2021
GlobeNewswire

The Equipment Leasing and Finance Association which represents the nearly $1 trillion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2021. Given U.S. businesses, nonprofits and government agencies are expected to spend more than $1.8 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy.
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Q1 2021 Equipment Leasing & Finance Industry Snapshot Now Available
Equipment Leasing & Finance Foundation

The Equipment Leasing & Finance Foundation has released the Q1 2021 Equipment Leasing & Finance Industry Snapshot, an indispensable information resource for industry participants. Designed for use in executive briefings and presentations, the presentation slide deck summarizes the current conditions and projections for the U.S. economy and equipment finance industry with clear, easy-to-digest charts and short narratives of key trends.
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Equipment Finance Industry Confidence Unchanged
The Monthly Confidence Index for the equipment finance market is 59.6 in January, unchanged from the December index of 59.6. 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 $900 billion equipment finance sector.

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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 pcheslock@nmef.com 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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