- About Us
- North Mill Advantage
- Become a Referral Agent
- Financial Solutions
- Equipment for Sale
We work with many different asset classes including transportation, construction, manufacturing, material handling and specialty vehicles like tow trucks, motor coaches and auto carriers.
We require three things: a signed credit application, an invoice for the equipment being financed, and a ‘spec’ sheet – or specification sheet – that provides equipment details, i.e., make, model, engine type, etc.
Yes, we will preview deals. For us to perform a thorough preview, there are some basic questions we can ask the broker:
Yes, North Mill works with all types of customers from A to D credits.
Never. We will never circumvent our referral agent network and go directly to a dealer. Our business model is based on the referral agent relationships we establish and nurture. Referral agents are, in effect, our sales force and we will never jeopardize those relationships.
We will work with start-up companies provided the principal has at least two years of industry experience, i.e., a customer interested in purchasing a class 8 heavy duty truck should have two years of experience in the trucking industry and a set minimum FICO. Your North Mill sales representative can tell you more.
Yes, we accept deals from owner-operators. This is a key differentiator for North Mill as many lenders will not finance this type of arrangement.
Our goal is to provide our referral agents with an answer as to whether we will accept or decline a deal in about four hours. This, of course, depends on what time of day the deal is submitted. It’s also important to remember different time zones; the west coast is three hours behind us and a broker in California would need to submit his deal by 1:00 a.m. EST (or 10:00 a.m. PST).
We are “app only” from $10,000 to $150,000.
North Mill is national in scope. We accept deals in all 50 states.
No, we don’t have a rate sheet. North Mill is a 100% credit scoring shop. As such, all of our deals are scored using our proprietary credit model. Each deal is assigned a rate based on the result of the score derived from that model.
North Mill offers both loans and leases. Lease options include a TRAC Lease, an FMV Lease, and a “Dollar out” and a “$101 out. Your North Mill sales representative can offer more detail.