CIT has many relationships with factors located throughout Asia and can use these relationships to enable Asian companies to sell directly to U.S. customers on terms without letter of credit support.
From our full-service factoring company based in Frankfurt, Germany, CIT provides factoring and financing services to companies in the European marketplace.
This program helps small and medium-sized businesses that have exporting potential but need funds to acquire inventory and finance work-in-process in order to sell U.S. goods and services to foreign customers.
CIT works with exporters to develop flexible solutions that help them establish credit lines for foreign customers. CIT can also serve to manage overseas collections, accounts receivable bookkeeping and reporting where desired.
CIT works with importers to develop trade finance solutions that help them manage their vendor payments as well as their retail customer accounts receivable.
CIT’s Export Select Customer Credit Protection is a solution for domestic non-notification factoring clients that want non-notification credit protection on their export sales.
The Export-Import Bank of the United States (“Ex-Im Bank”) assists exporters by guaranteeing term financing to creditworthy international buyers, in both the private and public sector, to purchase U.S. goods and services.