North Mill Equipment Finance | The Compass
Issue 9 2020
Monitor 101+ List Top 5 and More!
North Mill
North Mill is honored to have been named as one of the top five companies in equipment finance on the Monitor 101+ List. Coming in at number 103, North Mill achieved a 251% increase in new business volume in 2019.

The Monitor caught up with North Mill CEO and chairman, David C. Lee to discuss the go-to-market and origination strategies that led to their success in this year's ranking.
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September Trailer Orders Go Bonkers at 52,000 Units
Freight Waves

Preliminary orders for new trailers hit 52,000 units in September, the third-highest month in history as fleet bookings looked like the last market overheating in late 2018. The pandemic and consumer goods demand to support life and work at home continues unabated. The highest monthly orders for trailers came in October 2014 followed by December 2017.
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Trusted Diversification
Monitor Daily

Since assuming the role of CEO in 2018, David Lee and his management team have drastically shifted the originations at North Mill Equipment Finance (NMEF) from $2 million to $3 million per month to $15 million per month in funded volume.
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ELFA: Compensation in the Equipment Finance Industry Grew Modestly in 2019
Monitor Daily

Compensation in the equipment finance industry increased moderately in 2019, according to the 2020 Equipment Leasing and Finance Compensation Survey from the Equipment Leasing and Finance Association and McLagan. Industry new business volume totals exceeded prior year growth, contributing to a moderate rise in compensation.
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10 Tips for Changing the Way You Think About Your Small Business
Small Business Trends

If you run a small business for long enough, you'll need to change the way you think about certain concepts. From customer data to marketing strategies, making adjustments can help you stay relevant. Check out the tips below from members of the online small business community for changing your mindset.
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Q4 2020 Equipment Leasing & Finance Industry Snapshot Now Available
Equipment Leasing & Finance Foundation

The Equipment Leasing & Finance Foundation has released the Q4 2020 Equipment Leasing & Finance Industry Snapshot, an indispensable resource for industry participants in the midst of the COVID-19 pandemic. 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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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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