Structure
Each CIT business has industry alignment and focuses on specific sectors, products and markets, with portfolios diversified by client and geography.
- CIT operates CIT Bank, which is Federal Deposit Insurance Corporation (FDIC) insured and operates BankOnCIT.com, a separate website.
- CIT Corporate Finance provides lending, leasing and other financial and advisory services to the small business and middle market sectors, with a focus on specific industries, including Communications, Energy, Entertainment, Healthcare, Industrials, Information Services & Technology, Restaurants, Retail, and Sports & Gaming.
- CIT Trade Finance is one of the nation’s leading providers of factoring and financing to consumer product companies. It provides credit protection, accounts receivable management and asset-based lending to manufacturers and importers.
- "Transportation Finance" is a leading global aircraft lessor and the third largest U.S. railcar lessor. It also provides lending and leasing services to the transportation industry, principally the aerospace and rail sectors.
- "Vendor Finance" is involved in providing financing programs for manufacturers, distributors, product resellers and other intermediaries that enable their customers to acquire products now and finance payments over time. CIT maintains relationships with leading companies primarily in the information technology, telecommunications and office equipment industries while providing equipment leasing and financing to small and middle market businesses across all industries.
Read more about this topic: CIT Group
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