- 1NMEF extended and upsized its investment-grade rated corporate notes to $30.0 million.
- 2Net proceeds will support growth and new originations.
- 3Brean Capital was exclusive financial advisor and sole placement agent.
North Mill Equipment Finance LLC (NMEF) said on November 20, 2025 that it has extended and upsized its investment-grade rated corporate notes to $30.0 million. The Norwalk, Connecticut lender plans to put the net proceeds toward growth and the funding of new originations.
Mark Bonanno, NMEF's President and Chief Revenue Officer, said both existing investors and new ones backed the deal, and that it further diversifies the company's capital stack. Chief Financial Officer Pier Snider said the investment-grade rating reflects balance-sheet strength and the capital gives NMEF more operational flexibility to support what he called rapid growth.
Brean Capital, LLC served as exclusive financial advisor and sole placement agent.
About NMEF
NMEF works with third-party referral sources to finance small to mid-ticket commercial equipment leases and loans from $15,000 to $3,000,000, and up to $5,000,000 for investment-grade opportunities. It accepts A to C credit qualities across categories that include medical, construction, franchise, technology, vocational, manufacturing, renovation, janitorial and material handling equipment. An affiliate of InterVest Capital Partners holds a majority stake. Headquartered in Norwalk, NMEF has regional offices in Irvine, Fort Collins, Voorhees (NJ) and Murray (UT).
One controlled affiliate, Las Vegas-based BriteCap Financial LLC, has provided working capital loans to small businesses since 2003.
Source reporting: deBanked.
