North Mill Equipment Finance | The Compass
Issue 7 2020

North Mill Achieves New Record as July Originations Hit All-Time High
North Mill
North Mill is excited to announce that the company achieved an all-time high in loan and lease fundings in July. The record-breaking month saw funded volume reach nearly $18.5 million representing a growth rate of close to 24% over the same period last year. The company continues to ride a wave of success as just last month it reported record volume for the first half of 2020.

Join North Mill in Welcoming Our New Employees
North Mill

This has been an exciting summer for North Mill. From record originations for the first half of 2020, to record breaking fundings in July, to the relocation of our headquarters to a larger space, the company has had positive headlines to share with our broker partners. The good news continues. To accommodate additional growth, North Mill is pleased to announce the appointment of five new employees.

ELFA 2020 Business Live!

At ELFA 2020 Business Live! participants will learn and network on an interactive virtual platform featuring the latest technology tools. The two-day agenda will include expert keynote speakers, focused breakout sessions, unique networking opportunities, an online exhibit hall and more. Participants will have access to a range of benefits.

July Credit Managers' Index Rebounds to Pre-Pandemic Levels
Monitor Daily

Every factor of the combined July Credit Managers' Index (CMI) from NACM increased - some more than others - returning to pre-pandemic levels. This steady increase over the past few months has now arrived at data levels last seen in early 2020 and late 2019. The combined CMI increased 4.7 points in July to 55.6, roughly where it was in November 2019. The CMI has now climbed more than 15 points in the past three months.

ACT: Preliminary Data Show Orders for NA Classes 5-8 Vehicles at Six-Month High
Monitor Daily

Preliminary North American Class 8 net orders in July were 20,300 units, rising 27% from June and up 98% compared with July 2019, according to ACT Research. North American Classes 5-7 orders slipped to 16,700 units, down 6% month over month and 3% below July 2019 volume. Complete industry data for July, including final order numbers, will be published by ACT Research in mid-August.

10 Networking Tips to Help Boost Your Career
Business 2 Community

Networking is a powerful tool for business people to meet relevant people that can help them further their career, whether it is a new job or new clients. As they say, "It's not what you know but who you know." Networking helps individuals to establish and nurture long-term and mutually valuable relationships, popular with career-focused professionals.

Equipment Finance Industry Confidence Holds Steady in July
The Monthly Confidence Index for the equipment finance market is 45.3 in July, steady with the June index of 45.8. 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 $900 billion 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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