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April 20, 2015: North Mill Equipment Finance LLC (“North Mill”) announced that it has increased the size of its senior loan facility with Wells Fargo Capital Finance to $75 million. The increased loan facility will enable North Mill to expand its business of originating small-ticket equipment leases and loans throughout the United States through third party referral sources. Based in Norwalk, CT, North Mill is a commercial equipment finance company with extensive experience leasing business-essential equipment in the small-ticket sector.
Gary Silverhardt, President and CEO of North Mill, views this loan facility enhancement as an opportunity to continue growing in the company’s target markets of transportation, construction and materials handling. He stated, “We are very happy that the Wells Fargo team expressed its confidence in North Mill by increasing the size of its commitment. It enables us to expand our equipment leasing activities and to continue providing our third-party referral sources and end-users with superior service.
Andrea Petro of Wells Fargo Capital Finance said, “We are pleased to continue our commitment to North Mill Equipment Finance. The enhanced loan facility provides additional senior capital the company needs to finance loans and leases for its customer base. We are proud to have been able to work with a leading independent equipment finance company like North Mill and we look forward to supporting the company’s plans for continued growth.”
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