The industry group within CIT’s equipment finance business provided about $4.4 million in financing toward the acquisition of multiple pieces of heavy equipment.

The equipment consists primarily of yard loaders and articulated dump trucks, which the client for this transaction is using to upgrade its fleet of heavy equipment.

“We were pleased to finance this acquisition of new equipment, which will help our client grow their business and better support their own clients,” Mike Jones, president of CIT’s business capital division, which includes equipment financing, said.