CIT Capital Equipment Finance

CIT Capital Equipment Finance is a leading provider of equipment financing solutions for middle market companies in a wide range of industries. We have nearly a century of experience in developing innovative financial products and services that are flexible, affordable and tailored to our customers’ specific needs.

Our experienced sales and underwriting professionals team with companies to structure transactions that consider unique requirements and industry characteristics. Designing specific solutions that take into consideration business cycles, seasonal needs, specialized equipment requirements and other factors, allows us to provide a sophisticated solution that adds value to our customers’ businesses.

CIT Capital Equipment Finance specializes in providing equipment loans and leases for transactions ranging in size from $2 million to $100 million and more. We offer flexible terms of three to seven years, with advance rates of up to 85%. Our products and services include:

New and used equipment loans and leases
Equipment refinancing arrangements
Sale-leaseback arrangements
Turnkey financing for land, buildings and equipment

Senior term debt financing
Lease lines of credit for equipment capital expenditures
Cash flow loan structures
Asset-based revolving lines of credi

We focus on meeting the domestic and international needs of U.S.-based middle market companies in a variety of industries, including:

Beverage & Agriculture
Distribution
Food Processing
Graphic arts/printing
Machine tools
Manufacturing
Materials handling
Maritime
Mining

Oil and gas
Packaging
Plastics
Pulp & paper
Supermarkets/convenience stores
Textiles
Trade & service
Utilities

Advantages

With equipment acquisition financing or a leasing plan, companies can take possession of equipment and put it to work very quickly, while preserving working capital for other priorities
With a secured loan, companies can take advantage of the equity in their existing equipment, or use newly-purchased equipment as collateral
A revolving line of credit enables companies to improve their cash flow, increase their bonding capacity, and restructure their debt according to their current and future requirements
Certain lease structures can provide companies with the ability to reduce their initial investment and monthly payments, with the possibility of taking advantage of some tax benefits

Companies can make use of existing assets through a sale-leaseback program that provides funds to obtain new equipment
Companies can negotiate a specialized loan program incorporating low/high, high/low, seasonal or even “skip” payments if their workload varies over time
Companies have the option of either fixed or floating rates, and “lock into” these rates for the term of the loan or “float” with any of a number of published rates

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CIT Capital Equipment Finance