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CiT Commercial Credit
CIT Commercial Credit - Commercial & Business Credit Line - Resolving & Factor Lines of Credit
 
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What We Do

 

We provide financing for middle market companies.  We provide loans of $3 million to $20 million, including:

 

Revolving Lines of Credit

  • Up to 85% of eligible accounts receivable
  • Up to 65% of eligible inventory, up to 85% of net orderly liquidation value

 

Term Loans

  • Machinery and equipment loans, and real estate loans in conjunction with revolving lines of credit; all based on appraised values
  • Up to 80% of net orderly liquidation value of machinery and equipment
  • Up to 75% of fair market value of real estate

 

Factoring - Working capital financing, credit protection and accounts receivable management on a notification or non-notification basis


Companies turn to us for:

  • Growth
  • Acquisitions
  • Leveraged buyouts
  • Recapitalization
  • Refinancing
  • Special dividends
  • Seasonal financing needs
  • Restructuring
  • Turnarounds