CIT Capital Equipment Finance

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CIT Capital Equipment Finance

CIT Capital Equipment Finance is a leading provider of commercial 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.

Our Capital Equipment Financing Products and Services

CIT Capital Equipment Finance specializes in providing equipment loans and leases for transactions ranging in size from $5 million to $100 million and more. We offer flexible terms of up to eight years, with advance rates tailored to the equipment and credit strength of the borrower. Our products and services include:

  • New and used heavy equipment leases and loans 
  • Industrial equipment refinancing arrangements
  • Sale-leaseback arrangements  
  • Senior term debt financing
  • Lease lines of credit for equipment capital expenditures
  • Cash flow loan structures
  • Asset-based revolving lines of credit

Advantages

  • With capital equipment acquisition financing or a leasing plan, companies can take possession of heavy 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 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 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

Commercial equipment financing solutions for a wide range of industries

CIT Capital Equipment Finance focuses on meeting the domestic and international needs of U.S.-based middle market companies in a variety of industries, including:

  • Beverage & Agriculture
  • Construction
  • Distribution
  • Food Processing
  • Graphic arts/printing
  • Machine tools
  • Manufacturing
  • Materials handling
  • Mining
  • Oil and gas
  • Packaging
  • Plastics
  • Pulp & paper
  • Supermarkets/convenience stores
  • Textiles
  • Trade & service
  • Trucking & logistics
  • Utilities

CIT Executive Insights

Vince Belcastro, Group Head and Managing Director, CIT Capital Equipment Finance shares insights on the large capital equipment outlook for 2014.

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