At CIT Commercial & Industrial, Retail we offer flexible financing solutions to retailers in any stage of the business cycle. We pride ourselves on our responsiveness and on our ability to tailor solutions to meet your needs.
Given our expertise in the retail market, we can offer flexible, aggressive retail financing solutions to support your seasonal financing requirements.
We specialize in companies that are:
- Rapidly growing
- Pursuing acquisitions
- Outpacing their current lending facilities
- Experiencing negative operating trends
- Turning inventory infrequently
- In transition
- In turnaround situations
- Entering or exiting Chapter 11
Companies turn to us for:
- Working capital
- Growth capital
- Acquisition financing
- Management buyouts
- Debt refinancing
- Recapitalizations
- Turnarounds
- Restructurings
- Leveraged acquisitions (including leveraging assets of target’s foreign subsidiaries)
- Debtor-in-possession financing
- Confirmation plan financing
Loan structures we offer include:
Revolving lines of credit
- Secured by accounts receivable and inventory
- May be secured by intellectual property, trademarks, brands and other intangibles
Term loans
- Secured by machinery, equipment, real estate, undermarket leases and intellectual property
- Based on cash flow at appropriate multiples
- Both senior secured and Tranche B/second lien secured debt
- Amortization from 5 to 7 years, based on cash flow requirements of the borrower
Letters of credit
- On a documentary or stand-by basis, subject to borrowing base availability