CIT Equpment Finance

CIT Equipment Finance is a division of CIT Group Inc., a financial holding company that provides a range of financial products and services to small and middle-market businesses. The focus of CIT Equipment Finance is on providing funding and financial solutions to businesses for the acquisition of essential equipment. This may include machinery, vehicles, technology, and other types of equipment necessary for operations across various industries such as healthcare, manufacturing, construction, transportation, and more.

Key Offerings and Services:

Equipment Leasing: CIT offers leasing options that allow businesses to use equipment for a specified period in exchange for regular payments. At the end of the lease term, businesses may have the option to purchase the equipment at a residual value.
Equipment Loans: For businesses preferring to own their equipment outright, CIT provides equipment loans with structured financing terms.
Vendor Financing Programs: CIT partners with equipment manufacturers and dealers to provide financing solutions directly to customers. This helps vendors increase sales by offering customer-friendly financing options.
Asset-Based Lending: CIT offers loan facilities secured by the value of a company's equipment, aiding businesses with liquidity needs while utilizing their assets as collateral.
Flexible Financing Structures: Custom financing solutions designed to meet the unique needs of different industries and business models.

Industries Served:

Healthcare: Financing for medical equipment such as diagnostic imaging systems, surgical instruments, and healthcare IT systems.
Construction: Funding for heavy machinery, construction vehicles, and other site-specific equipment.
Technology: Leasing and financing for IT hardware, software, and other technological infrastructure.
Manufacturing: Equipment finance solutions for production machinery, robotics, and industrial tools.
Transportation: Financing for fleet expansion, including trucks, trailers, and other logistics-related vehicles.

Benefits of Working with CIT Equipment Finance:

Expertise: Deep industry expertise and personalized service tailored to the specific needs of individual sectors.
Flexibility: A wide range of financing options to accommodate various financing needs and business models.
Speed and Efficiency: Streamlined approval processes designed to get businesses the equipment they need quickly.
Customer Support: Dedicated relationship managers and customer service teams provide ongoing support.

Company Background:

CIT Group Inc. has a long history dating back to 1908, making it one of the more established players in the financial services industry. Over the years, the company has evolved to include various specialty divisions, including equipment finance, commercial banking, and retail banking.

It's always advisable for businesses to consult directly with CIT Equipment Finance or visit their official website for the most accurate and current information regarding their products and services.

713-665-2865
cit.com
713-665-2851

Products

Financing

Houston USA

4210 Ruskin Street
Houston TX 77005
USA

Ships

PATTAROZZI TIDE

Offshore Supply Vessel | Flag: Republic of Vanuatu | Port: PORT VILA

Maritime News

Germany: Heinrich Rönner and Lürssen Place Their Bids for FSG and Nobiskrug Shipyards

an hour ago

The future of the two insolvent German shipyards, Flensburger Schiffbau-Gesellschaft (FSG) and Nobiskrug, looks brighter as Lürssen Group moves to place a formal bid to take over the facilities of the Nobiskrug shipyard, while Heinrich Rönner Group agrees to buy the FSG.The insolvency administrators, Christoph Morgen of Brinkmann & Partner and Hendrik Gittermann of REIMER, said they would accept the offers in the week following the official opening of insolvency proceedings.Lürssen, based in Bremen, plans to integrate Nobiskrug into its Lürssen-Kröger shipyard operations in Rendsburg, while Rönner, from Bremerhaven

The Technology Pathways that Lead to Fuel Cells

12 hours ago

In an article by Rhonda Moniz published this week on MarineLink, Siemens sales executive Ed Schwarz noted the flexibility provided by an electric distribution “backbone” that enables ferry operators to add more batteries, switch to new fuels or become 100% emission free with fuel cells.A string of deliveries reported this week demonstrate that steps are being taken along this pathway for a range of vessels:The hull of Lithuania’s first green hydrogen and electricity-powered ship was launched by the Klaipėda State Seaport Authority. The tanker will accept waste from vessels entering the port when it enters operation later this year.

Court Overturns Approval for Two Massive UK North Sea O&G Fields

yesterday

A Scottish court has invalidated Britain's approvals for two major North Sea oil and gas projects, delivering a significant victory to environmental groups and raising uncertainty over future fossil fuel developments in the UK.The Court of Session in Edinburgh found that the government had unlawfully granted approval for Shell's Jackdaw gas field and Equinor's Rosebank oil and gas field by failing to consider the emissions generated when the extracted fuels are burned—known as downstream emissions. The ruling follows legal challenges from Greenpeace and Uplift, which argued the approval process did not align with climate obligations.

MOL Takes Delivery of Environmentally Friendly Multi-Purpose Vessel (Video)

yesterday

The multi-purpose vessel Prima Verde, said to be the world’s first vessel able to run on marine gas oil (MGO) and wind assisted propulsion simultaneously, has been delivered.Operated by Mitsui O.S.K. Lines (MOL) company MOL Drybulk and owned by Daishin Shipping, the vessel), was delivered at Onomichi Dockyard.The vessel has a range of environmentally friendly features, and is the world's first vessel of any type to use green steel materials, an engine that can run exclusively on marine gas oil (MGO) and a wind assisted vessel propulsion system.JGreeX, a green steel material supplied by JFE Steel Corporation that significantly reduces CO2 emissions, has been used for the vessel's hull.

Canadian Shipwreck Hunters Unleash New Tech

2 days ago

Unlocking new levels of multibeam performance with Norwegian Subsea MRUMotion Reference Units (MRUs) are crucial in bathymetric survey technology, providing precise motion compensation data to ensure reliable and accurate seafloor mapping. For users like Captain Sid Hynes, a seasoned mariner exploring Newfoundland’s shipwreck-rich waters, the Norwegian Subsea MRU has redefined what is possible, delivering exceptional performance even in incredibly challenging conditions.The ChallengeAlong with his son, Matthew, Sid Hynes has dedicated countless hours to mapping shipwrecks using multibeam echosounders in the unpredictable environment of the Grand Banks.