North Mill Equipment Finance | The Compass
Issue 8 2020
North Mill's Early Payoff Policy Remains Popular Option in the Marketplace
North Mill
North Mill's Early Payoff Policy, which was introduced in 2018, has been extremely well-received by our referral agents and customers. What makes the program so popular -- and distinctive -- is that the premium charged for an early payoff is on the principal only. Most lenders charge a premium on both principal and interest.
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Take the Deal "Off the Street" With Placeholder Approvals
North Mill

All referral agents encounter at some point during their careers the customer who knows he needs to purchase a piece of equipment within the next 60 days, but doesn’t quite yet know specifics - brand, year, model, price, and so on. Rather than leave that customer alone to search for the asset -- and potentially shop other finance options -- it's better to take the deal "off the street" with North Mill's placeholder approvals.
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10 Tips for Making a Positive First Impression and Building a Strong Brand
Small Business Trends

Customers' first impression of your brand can make a major impact on whether they choose to buy from you. Making a good first impression requires lots of work. You need to create valuable content on your blog and social media. You need to build a personal brand. And you may even need to learn about new options for starting a business. Check out the tips below from members of the online small business community to help you make a positive impression.
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ACT: Preliminary Data Show Orders for NA Classes 5-8 Vehicles at Eight-Month High
Monitor Daily

Preliminary NA Class 8 net orders in August were 19,500 units, down 4% from July but up 75% based on a year-ago comparison, according to ACT Research. The NA Classes 5-7 market had orders of 19,400 units, up 16% month over month but 2% below their year-ago August volume.
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ELFA Outlines Schedule for ELFA 2020 Business LIVE!
Monitor Daily

The Equipment Leasing and Finance Association unveiled the schedule of educational sessions for ELFA 2020 Business LIVE!, the virtual learning and networking conference for the equipment finance industry, which will be held Oct. 27 to Oct. 28.
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Equipment Finance Industry Confidence Increased in August
The Monthly Confidence Index for the equipment finance market is 48.4 in August, an increase from the July index of 45.3. 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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