North Mill Equipment Finance | The Compass
Issue 6 2020
North Mill Posts Record Originations for First Half of 2020
North Mill
North Mill is pleased to announce that the company posted record originations for the first half of 2020. Funded volume reached nearly $80 million, representing a growth rate of 40% over the same period last year.
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North Mill Reduces Customer's Time in Business Requirement from 3 Years to 2 Years
North Mill

North Mill recently implemented a major enhancement to our funding guidelines that will help you be more competitive and consistent in the industry: we lowered our customer "time in business" requirement from three years to two.
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ELFA Launches New Networking Tools for Equipment Finance Professionals in Engage App
Monitor Daily

The Equipment Leasing and Finance Association launched new networking tools within its ELFA Engage mobile app that allow industry professionals to easily connect with each other. Users of the app - which launched earlier this year - now have new ways to interact with the ELFA community on their iOS or Android phones or tablets, 24/7.
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10 Tips for Building Long-Lasting Small Business Success
Small Business Trends

Most entrepreneurs want to build businesses that stand the test of time. But so many are too busy with the immediate needs of their operations that they don't have time to build sustainable practices for the future. Luckily, members of the online small business community have helpful tips and insights that can help more businesses actually last.
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ELFA Provides Best Practices for Managing Sales Tax During Disruption
Monitor Daily

The sales tax implications of lease re-writes and modifications are additional ongoing challenges facing financially distressed lessees and equipment finance companies due to the COVID-19 pandemic. Immediate concerns with lease re-writes, strategic planning for marketplace facilitator laws and audit resolution were among the topics discussed to meet these challenges.
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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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