CIT Group announced a financing relationship between CIT Equipment Finance and LiuGong North America.

The two companies established a financing and fleet rental program that will offer a source of financing to dealers and end-user customers for the full line of LiuGong products and services.

“A good financing program is one of the most important factors in the buying decision, as many customers prefer the ease and efficiencies of financing heavy equipment,” said Nick Small, managing director of CIT Equipment Finance. “We are pleased to provide financing solutions for LiuGong and their dealer networks that will help them grow its business in the North American market.”

LiuGong Construction Machinery, located in Katy, TX, is a subsidiary of Guangxi LiuGong Machinery. It manufactures machinery for the heavy construction equipment and material handling industries.

“Nearly 70% of our end-customers adopt financing to purchase equipment. As a global business, we pay attention to financing and rental services in the North American market,” said York Liang, chairman and president of LiuGong Machinery, North America. “We are confident that our tailored financing program with CIT will help provide a one-stop solution for our dealers and customers who are constantly challenged in a competitive market.”