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 Since: February 2025 |
Related Headlines
| 08/04/2025 | BriteCap promotes Coleman to CAO |
| 05/13/2025 | BriteCap launches BriteLine |
| 04/15/2025 | Promotions at BriteCap Financial |
| 03/10/2025 | BriteCap expands team further |
| 02/24/2025 | John Corona joins BriteCap Financial |
Stories
BriteCap Financial Expands Team to Support Growth
March 10, 2025LAS 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
Britecap Financial Appoints John Corona as Director of Partner Success
February 24, 2025BriteCap Financial LLC (“BriteCap”), a leading non-bank lender providing small businesses with fast, convenient, and affordable working capital, is excited to announce the appointment of John Corona as Director of Partner Success. John brings with him more than a 10-year track record of significant accomplishments in business financing and partner development.
“We’re thrilled to welcome John to BriteCap and the NMEF family of companies,” said Richard Henderson, CEO of BriteCap. “I’ve had the privilege of working with John for over a decade, and he’s one of the best in the business at optimizing broker partnerships. His unmatched service and deep industry knowledge make him a perfect fit for our mission to elevate the funding experience for our exclusive broker network.”
John remarked, “I’m excited to be joining the BriteCap team, especially during a time in which it’s ascending to a position of prominence within the space. Joining an all-star team with an all- star product and platform is an amazing opportunity and I can’t wait to assist in its growth.”
About BriteCap Financial LLC
BriteCap Financial is a leading provider of working capital for America’s small business owners. Since 2003, BriteCap combines technology and non-traditional credit algorithms to provide fast, convenient, and affordable working capital directly to businesses and through their broker network. For more information about becoming a partner, visit britecap.com/partners. BriteCap is majority-owned by a holding company affiliate of NMEF.
About NMEF
NMEF is a national premier lender who works directly with third-party referral (TPR) sources to finance “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. The company 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.
Media Contacts:
For BriteCap:
David Schneider
Vice President of Marketing
BriteCap Financial
www.BriteCap.com
david.schneider@britecap.com
954-494-1606
For NMEF:
203-354-1710
Blair Dawson
SVP, Chief Marketing Officer
NMEF
www.nmef.com
bdawson@nmef.com
BriteCap Financial Ramps Up Team, Ready For Growth
December 20, 2024
The stream of announcements coming out of BriteCap Financial garnered notice. It started with news of a $150M credit facility back in August, followed by announcements of a new CEO, CFO, CCO, VPs, and more. The new CEO, Richard Henderson, whose CV includes previous roles at CAN Capital, Marlin Capital Solutions, and Direct Capital, told deBanked that the company wanted to have the right team in place to carefully grow the business. BriteCap, which is part of the North Mill family of companies, offers attractive term loans to small businesses.
As part of the plan, the company is looking to add not just new brokers but the right brokers, especially given the upstream programs they offer to merchants. “We’re being very selective on who we onboard,” said Henderson. “We’re trying to make sure that we’ll use that to get to scale, but also to build powerful relationships with those brokers where it’s a true partnership.”
BriteCap has developed an online checkout system to streamline the funding process. It can be configured to work with however the broker is used to working. They’ve focused a lot on the mobile experience so that a merchant need not even be in front of a computer to go through it.
One notable advantage to BriteCap is precisely that affiliation with the North Mill family because it opens up the possibility of not just working capital as a solution but also equipment finance. According to Henderson, the potential crossover between the products works well especially when the deals have been originated in the right context. That context includes the best practices and professionalism that equipment finance brokers typically operate within.
Among the C-suite executives to recently join BriteCap are Pushkar Choudhuri as Chief Financial Officer and David Lafferty as Chief Credit Officer. The timing of everything aligns with the firm’s economic sentiments. Henderson said that he believes optimism is higher now and growing.
“…generally speaking, we’ve seen demand picking up and we have a pretty bullish view on the economy moving forward,” he said. “I think we’re entering into a very good time in our space.”
BriteCap Financial Announces New CEO
September 16, 2024BriteCap Financial LLC (“BriteCap”), a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans, announced today the appointment of Richard Henderson as the company’s new CEO.
“I’m proud to see Rick take the helm at a time when BriteCap is poised to bring financial solutions to the market at scale,” said outgoing CEO Sri Kaza. “His experience and relationships across the industry will open the door for many more small businesses.”
BriteCap became a member of the growing family of companies under the North Mill Equipment Finance (NMEF) umbrella in 2023. “We are thrilled to have Rick join as the leader of BriteCap,” reported David C. Lee, Chairman and CEO, NMEF. “His two plus decades of success in equipment finance and working capital lending dovetail well with our strategy to offer comprehensive capital solutions for small and medium sized businesses. In particular, we look forward to developing unique solutions and programs for our key referral partners in partnership with BriteCap.”
“I’m excited to join BriteCap and lead such a respected, values-driven company,” said Rick Henderson, CEO, BriteCap Financial. “BriteCap has built an exceptional, tech-enabled funding platform that blends the speed and convenience of self-service with the expertise of a supportive team, making it easier and faster for small and medium-sized businesses to access the capital they need to grow. I look forward to collaborating with the BriteCap team and our strategic referral partners to build on this legacy, developing innovative solutions that empower America’s business owners and the finance brokers who support them.”
BriteCap operates from offices in North Hollywood, CA and Las Vegas, NV.
About BriteCap Financial
BriteCap Financial is a leading provider of working capital for America’s small business owners. Since 2003, BriteCap combines technology, non-traditional credit algorithms to provide fast, convenient and affordable working capital direct to businesses or through their broker network. For more information about becoming a partner, visit britecap.com/become-a-partner.
About North Mill Equipment Finance
NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 to $2,500,000 in value. A broker-centric private lender, the company accepts A – C credit qualities and finances transactions for many asset categories including construction, transportation, vocational, medical, manufacturing, printing, franchise, 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, and Voorhees NJ.
Media Contacts:
For BriteCap:
David Schneider
Vice President of Marketing
BriteCap Financial, www.BriteCap.com
david.schneider@britecap.com
954-494-1606
For NMEF:
Don Cosenza
Chief Marketing Officer
NMEF, www.nmef.com
dcosenza@nmef.com
203-354-1710
NMEF Reports $1.8 Billion in 2025 Originations Doubling Assets Under Management
January 20, 2026JANUARY 20, 2026, NORWALK, CT – North Mill Equipment Finance LLC (“NMEF”), an independent commercial equipment lender and lessor headquartered in Norwalk, Connecticut, reported $1.8 billion in total originations for 2025, including syndicated volume of $566 million. The record originations resulted in a doubling of assets under management to $2.4 billion.
Full-year record originations were driven by a series of targeted strategic actions, including the acquisition of Pawnee Leasing, the purchase of the Midland Equipment Finance portfolio, and the origination and syndication of assets through a joint venture with Oaktree Capital Management focusing on Fair Market Value (FMV) leases.
“2025 demonstrated the durability and scalability of our platform,” said David Lee, Chairman and Chief Executive Officer of NMEF. “We continued to diversify origination sources, deepen our FMV and syndication capabilities, and integrated strategic acquisitions, all while maintaining disciplined underwriting and operational rigor. NMEF was able to execute on these transactions with speed, structural creativity, and offering certainty of close, reinforcing its position as a flexible and reliable capital partner”
“Syndication activity was a significant contributor to 2025 results, with approximately $566 million syndicated across multiple initiatives.” added Mark Bonanno, President and Chief Revenue Officer “Our syndication strategy is designed to deliver consistent execution and alignment for our partners. By combining origination expertise with thoughtful risk distribution, we’re able to support larger transactions, move with speed and certainty, and create durable value across the capital structure.”
According to Tom Lyle, Chief Operating Officer, “Operationally, 2025 was defined by execution. We integrated acquisitions, optimized portfolios, and scaled infrastructure in line with a clear operating plan. The consistency of that execution underpinned both the doubling of assets under management and a record year for NMEF.”
Looking ahead, NMEF stated it will remain focused on disciplined growth, portfolio quality, and continued investment in scalable platforms to support long-term expansion.
About NMEF
NMEF is a premier lender working with third-party referral 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 medical, construction, franchise, technology, vocational, manufacturing, and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners and is headquartered in Norwalk, CT, with regional offices in Irvine, CA, Fort Collins, CO, Plymouth, MN, Voorhees NJ, and Murray, UT. 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.nmef.com and www.britecap.com.
NMEF Completes $502 Million Acquisition of Midland Equipment Finance Portfolio
December 3, 2025December 3, 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 completed the acquisition of substantially all of the equipment finance portfolio of Midland States Bancorp, Inc. (“Midland”) (Nasdaq: MSBI).
With the addition of the Midland portfolio, NMEF continues to expand its scale and diversification across the equipment finance market, bringing total gross receivables under management to nearly $3 billion. NMEF partnered with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) for this transaction, which underscores the strong institutional demand for high-performing commercial finance assets originated and managed by NMEF. NMEF has partnered with Orion First, a Concord company, to service the Midland portfolio, ensuring continuity and excellence for customers.
“This transaction marks a strategic success for all parties and underscores NMEF’s strength in sourcing, structuring, and executing complex transactions that deliver meaningful value to our stakeholders.” said David C. Lee, Chairman and CEO of NMEF. “Completing the acquisitions of both the Midland portfolio and Pawnee in 2025 is a remarkable accomplishment—either one alone would have made this an exceptional year.”
“The Midland portfolio acquisition and institutional funding partnerships with the likes of Oaktree further demonstrate our disciplined approach to capital deployment and portfolio management,” said Mark Bonanno, President and Chief Revenue Officer of NMEF. “By combining the Midland portfolio with our established funding channels, we were able to unlock significant economic value through both gain-on-sale income and recurring servicing revenue.”
“The coordination between our team and Oaktree was exceptional,” said Tom Lyle, Executive Vice President and Chief Operating Officer. “This was a highly structured transaction that required speed, trust, and precision. We are proud of the collaborative effort that brought it to a successful close and look forward to welcoming those former Midland employees who are joining the NMEF family.”
From Oaktree’s perspective, the partnership is a natural fit with their investment strategy. “We’re pleased to partner with NMEF to support the next phase of growth for their FMV platform and bring long-term value to their customers,” said Rana Mitra, Managing Director at Oaktree. “We are excited to partner with an extremely high-quality originator and servicer like NMEF as we continue generating attractive asset-backed finance exposures for our investors,” said Brendan Beer, Portfolio Manager for Oaktree’s Asset-Backed Finance and Structured Credit strategy.
Stephens Inc. served as financial advisor to Midland. Macquarie Capital served as financial advisor to NMEF on its partnership with Oaktree for this transaction. Truist Bank and Deutsche Bank AG, New York Branch provided debt financing to the Oaktree funds. Barack Ferrazzano Kirschbaum & Nagelberg LLP served as legal counsel to Midland, Moore & Van Allen PLLC served as legal counsel to NMEF, Gibson, Dunn & Crutcher LLP served as legal counsel for Oaktree, and Morgan Lewis and Bockius LLP served as legal counsel for the banks.
About NMEF
NMEF is a premier lender working 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 medical, construction, franchise, technology, vocational, manufacturing, and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners and is headquartered in Norwalk, CT, with regional offices in Irvine, CA, Fort Collins, CO, Plymouth, MN, Voorhees NJ, and Murray, UT. 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.nmef.com and www.britecap.com.
About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $203 billion in assets under management as of March 31, 2025. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 25 cities worldwide. For additional information, please visit www.oaktreecapital.com.
NMEF Raises $30 Million in Corporate Notes Through Brean Capital
November 20, 2025November 20, 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 the successful extension and upsize of their investment-grade rated corporate notes to $30.0 million. The company intends to use the net proceeds to support its growth and the funding of new originations.
“We appreciate the commitment and ongoing support of our existing investors, and the confidence new investors have shown in our platform,” said Mark Bonanno, President & Chief Revenue Officer of NMEF. “This transaction further diversifies our capital stack, providing us additional stability in the marketplace.”
“The investment grade rating attained in this transaction further illustrates the strength of our balance sheet and the capital raised offers us increased operational flexibility to fund our rapid growth” said Pier Snider, Chief Financial Officer of NMEF.
Brean Capital, LLC served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
About North Mill Equipment Finance
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, Fort Collins, CO, 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.
Steve Siler Joins NMEF as Chief Technology Officer
September 5, 2025September 8, 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 the appointment of Steve Siler as Chief Technology Officer.
Steve brings nearly 20 years of experience driving technology transformation across asset-backed finance, private credit, and M&A integration. In his new role, he will lead NMEF’s digital strategy and oversee all technology operations. From 2018 to 2024, Steve served as CTO at Stonebriar Commercial Finance and Head of Technology at Eldridge, where he led enterprise-wide technology strategy, streamlined operations through automation, and integrated systems across a diverse portfolio.
“We are thrilled to welcome Steve to the team,” said Tom Lyle, Chief Operating Officer of NMEF. “His entrepreneurial mindset and proven ability to scale platforms make him exceptionally well-suited to guide our next chapter of growth. Under Steve’s leadership, we will continue to enhance our offerings for broker and vendor partners and pursue strategic acquisitions of lease and loan portfolios.”
Steve’s career in financial services started with AIG Asset Management, where he developed a contract and asset management platform. At William Blair, he advanced data capture and introduced emerging technologies such as machine learning across investment banking, wealth advisory, and capital markets. Most recently, he has advised startups focused on modernizing private credit infrastructure and improving data accessibility.
About North Mill Equipment Finance
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.
