CIT Business Capital Related Content

ELFA: New Business Volume in Equipment Finance Rises 14% Y/Y in March

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for March was $10.6 billion, up 14% year over year from March 2021. In addition, volume was up 49% month to month from $7.1 billion in February. read more

Jones From CIT to Lead Master Talk on Servant Leadership for STRIPES Leadership Program

Industry leader Mike Jones, president of Business Capital at CIT, will lead a Master Talk on Servant Leadership: Why Serving First Creates Healthier, Freer and More Autonomous Employees for STRIPES Leadership Program, the professional and personal leadership development program designed to challenge and inspire best-in-class leaders within the equipment finance industry in partnership with Monitor. read more

Can Independents and Banks Compete For Business with a Consumption Model?

The drive toward consumption or pay-for-use models in equipment finance is well underway and to keep up, independent and bank lenders need to determine how to fit such offerings into their arsenals. Dexter Van Dango explores just how realistic such an endeavor can be. ... read more

CIT Names Former BofA Regional Exec Its Small Biz Managing Director

Ken Martin joined CIT Group as managing director of the Small Business Solutions unit, which is part of the Business Capital division. read more

CIT Integrates FlexAbility Solution with ECi’s E-Automate Software

CIT Group announced the integration of its FlexAbility solution with ECi's e-automate software product. read more

CIT Expands Business Capital’s Business Development Team

CIT expanded its Business Capital team with the addition of Aaron Kaplan and Mike Hampton as VP/BDOs for CIT Equipment Finance. CIT also expanded the role of Chris Wren, VP/BDO, in its franchise business. read more

CIT Closes $25MM Loan to Friendly Franchisees

CIT Group’s Franchise Finance team, part of CIT's Business Capital division, closed a $25 million loan to La Palma, CA-based Friendly Franchisees. read more

CIT’s Point-of-Sale Platform Named Best Small Business Lending Solution

CIT’s point-of-sale digital platform was named the winner of FinTech Breakthrough’s "Best Small Business Lending Solution" award. read more

CIT Capital Equipment Finance Adds DeMordaunt and Pysariwsky

CIT Group’s Capital Equipment Finance unit, part of CIT's Business Capital division, added Craig DeMordaunt and Adrian Pysariwsky to enhance its direct origination capabilities and support business growth. read more

CIT Direct Capital Hits $4B in Originations; Portfolio Over $1B

CIT Group’s Direct Capital has provided more than $4 billion in equipment financing and working capital loans to more than 100,000 small businesses since its inception in 1993. read more

CIT Expands Restaurant Franchise Finance Practice

CIT Group launched a mid-cap restaurant franchise finance practice to complement its large and small restaurant franchise financing businesses. read more

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