BriteCap Financial Expands Team to Support Growth

LAS VEGAS, NV – March 7, 2025 – BriteCap Financial, a leading provider of tailored financial solutions for small businesses, has announced the addition of three key hires to support its continued growth: Cary Thomas as Director of Collections, Sherri Johnson as Senior Accountant, and Amy Thompson as Digital Brand and Content Manager. These strategic hires

underscore BriteCap’s dedication to operational excellence, financial strength, and brand innovation.
“Building a world-class team is essential to delivering exceptional value to our customers and driving sustainable, smart growth,” said Richard Henderson, CEO of BriteCap Financial. “These new additions bring valuable expertise that will enhance our operations and elevate our brand presence.”

Cary Thomas joins BriteCap as Director of Collections, bringing a wealth of expertise in financial recovery and collections management. With his extensive background in optimizing recovery strategies, he will lead initiatives to enhance efficiency, improve collection processes, and uphold strong client relationships. Thomas’s leadership and strategic approach will play a key role in strengthening BriteCap’s financial operations while maintaining a customer-centric focus.

Sherri Johnson has been appointed as Senior Accountant after making a significant impact as a contractor. With a strong track record of driving operational efficiencies, Johnson will contribute to enhancing the company’s financial stability and supporting its long-term growth.

Amy Thompson, joins BriteCap as Digital Brand and Content Manager, bringing her expertise in visual storytelling and strategic content creation to help elevate BriteCap’s digital presence.

Thompson will focus on crafting compelling visuals and engaging content across digital platforms to strengthen brand recognition, deepen customer connections, and amplify the company’s marketing impact.

BriteCap Financial, a proud member of the NMEF family of companies, has recently gained recognition for a series of strategic initiatives, including securing a $150 million credit facility last year and expanding its leadership team to position the company for long-term growth. With a focus on innovation and a customer-centric approach, BriteCap continues to enhance its product offerings, including attractive term loans for small businesses and a seamless online checkout system designed for merchant and broker convenience.

“We are excited about the momentum we are building and remain focused on driving long-term shareholder value while delivering innovative financial solutions to our customers and our broker partners who serve them,” added Henderson.

For more information about BriteCap Financial and its suite of financial solutions, visit www.britecap.com.

About BriteCap Financial

BriteCap Financial, as part of the NMEF family of companies, is a leading provider of working capital loans for America’s small business owners. Since 2003, BriteCap has been combining technology, an extraordinary experience, and non-traditional credit algorithms to provide fast, convenient and affordable working capital loans directly to businesses or through their exclusive network of broker partners. If you wish to be considered for joining our exclusive broker partner network, please visit https://www.britecap.com/partners.

Media Contacts:
For BriteCap:
David Schneider
Vice President of Marketing
BriteCap Financial, www.BriteCap.com
david.schneider@britecap.com
954-494-1606

For NMEF:
Blair Dawson
SVP, Chief Marketing Officer
NMEF, www.nmef.com
bdawson@nmef.com
203-354-1710

NMEF Achieves Largest Quarter and First Half in Company History

[July 2, 2025, NORWALK, CT] – North Mill Equipment Finance, LLC (“NMEF”), a leading commercial equipment lessor located in Norwalk, Connecticut, today announced that it achieved the largest quarterly and first half origination volumes in its history. Originations hit a record $277 million in the second quarter, bringing first half 2025 production to an unprecedented $520 million, an increase of over 100% versus first half 2024. Including the acquisition of Pawnee’s assets that went onto NMEF’s balance sheet on April 1, total origination volume for the second quarter was $607 million and for the first half of 2025 was $850 million.

For the first half of 2025, NMEF also reported a meaningful increase in credit quality, evidenced by a higher weighted average FICO of 745. The largest equipment categories were medical (23%), franchise (13%), construction (12%), and IT (8%). Long haul trucks comprised less than 2% of volume. Corporation only transactions represented over 25% of volume.

David Lee, Chairman and CEO of NMEF, commented, “Reaching these new highs is a direct result of executing our strategy to diversify and scale. We’ve invested heavily in building a platform that supports more sophisticated transactions, and it’s gratifying to see that translate into stronger credit profiles, larger deals and further industry diversification. Moreover, a majority of our dollar volume now consists of mid-ticket, fully underwritten transactions.”

Mark Bonanno, President and Chief Revenue Officer, added, “Our record growth is made possible by the trusted long-term relationships with both our NMEF brokers and our Taycor vendor partners. By staying agile and solution-oriented, we’re able to meet their evolving needs and help drive mutual growth. We’re excited to keep this momentum going into the second half of the year.”

Tom Lyle, EVP and COO, stated, “In less than two years NMEF has doubled from $1 billion to $2 billion in assets under management. The internal restructuring of our operations, reporting lines, and integration of Pawnee’s talented employee base, have NMEF well positioned to continue scaling to our goal of $5 billion by the end of the decade.”

About North Mill Equipment Finance (NMEF)

NMEF is a national, premier lender who works with third-party referral (TPR) sources to finance small to mid-ticket equipment commercial leases and loans ranging from $15,000 to $3,000,000 and up to $5,000,000 for investment grade opportunities. NMEF accepts A – C credit qualities and finances transactions for many asset categories including but not limited to medical, construction, franchise, technology, vocational, manufacturing, renovation, janitorial and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, Voorhees NJ, and Murray, UT. For more information, visit www.nmef.com. One of NMEF’s controlled affiliates, BriteCap Financial LLC, is a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans since 2003 from its main office in Las Vegas, NV. For more information, visit www.britecap.com.

NMEF Acquires Pawnee, Marking a Significant Milestone of Growth and Industry Leadership

April 1, 2025, NORWALK, CT – North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender and lessor headquartered in Norwalk, Connecticut, is pleased to announce that it has closed on its acquisition of Pawnee Leasing Corporation and certain other assets (“Pawnee”) from an affiliate of Chesswood Group Limited (“Chesswood”) pursuant to final approval from the U.S. Bankruptcy Court for the District of Delaware as a result of a court-supervised Sale and Investment Solicitation Process initiated in Canada in December 2024. NMEF acquired substantially all of Pawnee’s assets, while certain excluded assets and liabilities were transferred to a newly formed entity, which will remain subject to Canadian and U.S. restructuring proceedings.

With the addition of the Pawnee portfolio of leases and loans, NMEF’s total gross receivables under management now exceed $2 billion, marking a significant milestone in the company’s growth trajectory. The Pawnee and Tandem brand names will be retired, and no new originations will occur under Pawnee’s former referral partner programs. The servicing of Pawnee’s managed investment partnerships has been transferred to NMEF. More than half of Pawnee’s former employees are joining NMEF and will be located mostly in Ft. Collins, Colorado. These highly skilled professionals—primarily in Collections, Legal Recoveries, Data Analytics, Customer Service, and Accounting—demonstrated exceptional resilience and dedication throughout a challenging transition.

“We are thrilled to finally complete the acquisition of Pawnee after years of discussions with Chesswood,” said David C. Lee, Chairman and CEO of NMEF. “Pawnee has been in business for over 40 years and was the gold standard for referral partner-based small-ticket equipment financing—so much so that we modeled many aspects of NMEF’s business strategy around Pawnee following our recapitalization in 2018. Through no fault of Pawnee’s first-rate management team, the company endured financial distress when Chesswood filed for creditor protection in Canada and Delaware in late 2024, ultimately resulting in the court- sanctioned sale to NMEF.”

“The acquisition of Pawnee is immediately accretive to NMEF,” said Mark Bonanno, President and Chief Revenue Officer of NMEF. “We successfully refinanced approximately 50% of Pawnee’s assets at significantly improved cost of funds and leverage levels, driving an attractive return on equity for our stakeholders.”

“We went from court approval to closing in just over three weeks which was only made possible by the incredible collaboration between our companies,” said Tom Lyle, Executive Vice President and Chief Operating Officer. “I couldn’t be more impressed by how our two teams, aligned around a common goal, came together and delivered. I have the highest respect for the former Pawnee team and am excited to welcome them into the NMEF family – stronger together.”

Truist Securities, Inc. acted as exclusive U.S. financial advisor to NMEF, while Oaklins Canada served as NMEF’s Canadian financial advisor. Legal counsel for NMEF was provided by Moore & Van Allen (U.S.) and Blake, Cassels & Graydon LLP (Canada). FTI Consulting Canada Inc. served as the court-appointed Monitor of Chesswood, including Pawnee. Legal counsel for the Monitor was provided by Osler Hoskin and Harcourt LLP (Canada), Alston & Bird LLP (U.S.), and Young Conaway Stargatt & Taylor LLP (Delaware).

About NMEF

NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 and to $5,000,000, for many diversified industry segments including the construction, transportation, vocational, medical, manufacturing, technology, franchise, renovation, janitorial and material handling industries. NMEF is majority-owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, Ft. Collins, CO, Voorhees NJ, Murray, UT, and Montego Bay, Jamaica. For more information, visit www.nmef.com. Taycor Financial operates as an independent division of NMEF, with a focus on developing direct and vendor origination programs. For more information, visit www.taycor.com. One of NMEF’s controlled affiliates, BriteCap Financial LLC, is a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans from its main office in Las Vegas, NV. For more information, visit www.britecap.com.