Wells Increases North Mill Facility to $75MM
North Mill Equipment Finance announced it increased the size of its senior loan facility with Wells Fargo Capital Finance to $75 million. The increased facility will enable North Mill to expand its business of originating small-ticket equipment leases and loans throughout the U.S. through third party referral sources.
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.