CIT Equipment Finance

CIT Equipment Finance is a division of CIT Group Inc., a financial holding company with a long history, being established in 1908. The group is known for offering a range of financial products and services, and its Equipment Finance division specifically focuses on providing equipment financing solutions to businesses.

Here are some key points about CIT Equipment Finance:

1. Services Offered:

   • Equipment Loans: These are typically structured to match the life of the equipment being financed, allowing businesses to preserve capital and better manage cash flows.
   • Leasing Options: This includes both operating leases and capital leases, providing businesses with flexibility depending on their financial goals.
   • Vendor Financing Programs: CIT works with equipment manufacturers and dealers to provide financing options for their customers, making it easier for businesses to acquire necessary equipment.
   • Technology Financing: Specialized financial solutions for acquiring technology and IT equipment.
   • Healthcare Equipment Financing: Tailored solutions for healthcare providers looking to acquire medical equipment.

2. Industries Served: CIT Equipment Finance caters to a wide range of industries, including but not limited to:

   • Construction
   • Manufacturing
   • Healthcare
   • Transportation
   • Technology
   • Telecommunications

3. Customer Base:

   • Small and Medium-sized Enterprises (SMEs)
   • Large Corporations
   • Municipalities and Government Entities

4. Benefits of Working with CIT:

   • Expertise and Experience: Over a century of experience in the finance industry.
   • Customized Solutions: Flexibility in financing options tailored to the specific needs of a business.
   • Speed: Ability to swiftly process and approve financing.
   • Support: Strong customer service with dedicated account managers.

5. Geographic Reach: CIT Equipment Finance operates across the United States and also has a presence in other countries, providing comprehensive services to both domestic and international clients.

6. Parent Company:

   • CIT Group Inc. has undergone various transformations and mergers throughout its history. Notably, it merged with First Citizens BancShares in 2022, broadening its scope and financial capabilities.

7. Reputation and Reliability:

   • Known for reliability and robust financial standing, CIT has built a reputation for helping businesses grow by providing access to necessary capital.

Whether a business is looking to acquire new machinery, upgrade its IT infrastructure, or finance healthcare equipment, CIT Equipment Finance offers a spectrum of solutions designed to support business growth and operational efficiency.