North Mill Equipment Finance, an independent commercial equipment lessor headquartered in Norwalk, Conn., announced a new company record in monthly funded volume, surpassing $73 million in October, exceeding the previous high by more than $15 million.

The achievement underscores NMEF’s commitment to growth and portfolio diversification. NMEF’s continued expansion into medical equipment financing beyond aesthetics has catapulted the medical category to become the largest in its portfolio, comprising 34% of all funded assets for the month.

“This move aligns with NMEF’s strategy to broaden its asset mix beyond freight transportation,” said David Lee, Chairman and CEO of NMEF. “This accomplishment reflects not only the strength of our team, but also our commitment to building meaningful relationships with our partners, including other funding sources.”

NMEF’s record-breaking month reflects its ongoing commitment to innovation and operational efficiency, as well as its proactive approach to forging and nurturing relationships with key referral agents.

“By granting our partners greater autonomy over the vendor and application processes, while ensuring compliance with NMEF’s rigorous standards for credit, documentation, and funding, the company has been able to significantly boost operational efficiency for both NMEF and its most loyal referral partners.” said Mark Bonanno, President & COO. “Through a focus on asset diversification and responsive financing structures, NMEF continues to deliver on its mission of passionately pursuing excellence for all stakeholders.”