North Mill Equipment Finance | The Compass
Issue 7 2019
North Mill Attains All-time High in Originations in July
North Mill
North Mill Equipment Finance LLC, a leading independent commercial equipment lessor located in South Norwalk, Connecticut, announced today yet another record-breaking month in originations as the company posted $15 million of aggregate volume in July. An all-time high for the organization, the momentum is expected to continue as the year progresses. Read More >>

10-10 Program: Reduced Pricing and Reduced Down Payment
North Mill

Customers often prefer used equipment for the simple reason that pre-owned assets tend to be less expensive than newer assets. North Mill's 10-10 program is an incentive for customers to purchase equipment that's brand new or just a few years old. Read More >>

Private Companies Can Learn from Public Company Implementations of the Lease Accounting Standard
Accounting Today

It won't make a sound. No tremor will be felt. But by the end of this year, as much as $3 trillion in lease liabilities will have landed on the balance sheets of our nation's public companies. The trigger? Accounting Standards Codification (ASC) Topic 842, the Financial Accounting Standards Board's new standard on accounting for leases. Read More >>

Used Equipment FAQs: Expectation vs. Reality of Buying Used Equipment
For Construction Pros

Used equipment has experienced a surge in popularity and for good reason. An uptick in specialized projects, economic ups and downs and slow availability of new equipment have all contributed to the boost in used values and demand. Even with the advantages and practicality of buying used construction equipment, not every fleet manager or owner is eager to make the move on a pre-owned machine. Why? Because there are a lot of misconceptions about used equipment. Read More >>

Small Business Marketing on a Budget

Small businesses are often operating on a tight budget, which can make finding the money for quality marketing a tough task. Fortunately, we live in a digital age that provides many ways to market your business digitally on a very small budget in order to grow your customer base and your own reputation. Read More >>

Equipment Leasing Remains a Viable Option
Talk Business & Politics

Equipment finance can be traced back more than 4,000 years, when Sumerians produced leases on tablets made of clay (not Apple) for agricultural tools and animals. Today, the industry meets the equipment needs of not just agri companies, but the construction, transportation, medical and manufacturing industries, just to name a few. Read More >>

July New Heavy-Duty Truck Orders Lowest Since 2010
Freight Waves

New truck orders in July fell to their lowest level since 2010, more evidence that a trucking sector recession is taking hold. FTR Transportation Intelligence reported preliminary orders of 9,800 units. That was down 82 percent from the same month last year when fleets rushed to secure build slots for new equipment in a robust economy. Read More >>

Equipment Finance Industry Confidence Increased in July
The Monthly Confidence Index for the equipment finance market is 57.9 in July, an increase from the June index of 52.8. 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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Norwalk, CT 06854
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