North Mill Equipment Finance | The Compass
Issue 9 2019
Popular Prepayment Policy Includes Self-Help Tools
North Mill
One of many features that sets North Mill apart from the competition is that the company structures many of its deals as loans with an exceptional early payoff feature.

What makes the payoff policy so popular -- and distinctive -- is that the premium charged is on the principal only. This is not what's considered typical in the equipment finance industry as most lenders charge a premium on both principal and interest.

Section 179 Tax Deduction
North Mill

Are your clients leveraging the Section 179 tax deduction this year? If not, they should and do so quickly. Implemented to help stimulate the economy, Section 179 offers small businesses a great opportunity to maximize purchasing power. Read More >>

Fleets Must Decide on Buy vs. Lease, When to Sell, Among Other Choices
Transport Topics

Buy or lease? Outsource maintenance or do it in-house? What's an acceptable maintenance run rate? When is a truck too old? When's the best time to sell? Should a fleet send a used truck to auction or sell on its own? How does a fleet keep equipment current with the latest technology? And how does a fleet stay on top of driver wants and needs to keep them happy and on the team? Read More >>

Private Companies Have Another Year to Deal with New Lease Accounting Standards

The Financial Accounting Standards Board has given U.S. private companies and nonprofits another year to start treating their operating leases as liabilities on their balance sheets. Now they have to do so beginning in their first fiscal year after Dec. 15, 2020, rather than after Dec. 15, 2019, as originally planned. Read More >>

79 Percent of Private Firms Relied on Financing Equipment
Construction Equipment

Financing of equipment and software continues strong, according to a recent report from the Equipment Leasing & Finance Foundation. The majority of businesses (79 percent) relied on financing for at least part of their equipment and software acquisitions last year amid a decline in the propensity to finance equipment investment, according to the new study, 2019 Equipment Leasing & Finance Industry Horizon Report. Read More >>

Farm Equipment Leasing Doubles
Hoosier Ag Today

A new report shows the leasing of farm equipment has nearly doubled since 2012. The Wall Street Journal reports Deere & Co. is spending billions of dollars each year on its own equipment for leasing programs. Records show that more than one-third of financed purchases of high horsepower machinery made by John Deere is being leased to farmers and construction builders. Read More >>

Get a Grip, Small Business Owners! 5 Tips to Help You Deal With Stress.

If you're a newbie entrepreneur, you may be in for a rude awakening when starting your business. In fact, a Bank of the West survey reveals that 62% of business owners say the stress of ownership was worse than what they anticipated. Do you feel like you're going crazy running your business? Here's how to stay sane. Read More >>
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Equipment Finance Industry Confidence Decreased in September
The Monthly Confidence Index for the equipment finance market is 54.9 in November, an increase from the October index of 51.4. 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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