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NORTH MILL POSTS RECORD ORIGINATIONS FOR APRIL

Wednesday, May 8, 2019   (0 Comments)
Posted by: North Mill Equipment Finance
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CONTACT:  Don Cosenza, SVP, Chief Marketing Officer
PHONE:      203.354.1710
EMAIL:        dcosenza@nmef.com



NORTH MILL POSTS RECORD ORIGINATIONS FOR APRIL

MAY 2, 2019, SOUTH NORWALK, CT – North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in South Norwalk, Connecticut, announced today record originations for April. It was the best month in the company’s history and the surge in volume is expected to continue as the year forges ahead.

“This was a tremendous team effort across the board and everybody at the firm should be proud of how far we have come over the past year,” reported David Lee, Chairman and CEO of North Mill. “We also will be closing on a new larger credit facility, giving us substantially greater funding capacity for our originations.”

The firm continues to stay ahead of the curve with respect to obtaining facilities necessary to fund this level of robust growth; March also was an exceptional month in overall volume as the company witnessed its average deal size and credit rating increase appreciably since last year.

“As a 100% broker-centric lender, we remain staunchly committed to the referral agents with whom we work each day,” Lee explained. “It’s them we have to thank for our healthy vital signs; the hundreds of business associates who have stood by us and continue to believe in what we do. They represent the lifeblood of our firm.”

About North Mill Equipment Finance

Headquartered in Norwalk, Connecticut, North Mill Equipment Finance originates and services small-ticket equipment leases and loans, ranging from $15,000 to $300,000 in value. A broker-centric private lender, the company handles A – D credit qualities and finances transactions for numerous asset categories including construction, transportation, vocational, manufacturing, and material handling equipment. North Mill is majority owned by an affiliate of Wafra Capital Partners, Inc. (WCP). For more information, visit www.nmef.com.