Trade Finance
CIT Commercial Services is the nation’s leading provider of factoring and financing to consumer product companies. We tailor financial solutions that help companies of all sizes increase sales, improve cash flow, reduce operating expenses and eliminate customer credit losses. Our clients (vendors) range in size from $2 million to $1 billion in annual sales and sell to approximately 230,000 customers nationwide. Our internet-based platform provides clients with real-time credit approvals and comprehensive accounts receivable information.
Services
- Domestic and international credit protection and factoring services
- Accounts receivable management
- Asset-based lending
- Revolving lines of credit
- Letter of credit financing
- Import and export financing
Clients turn to CIT Commercial Services to:
- Sell their accounts receivable to CIT with or without recourse (credit protection)
- Gain protection against bad debt losses
- Reduce expenses by outsourcing credit checking and bookkeeping functions
- Receive pre-approved credit lines for their customers
- Benefit from access to CIT’s pay history on 230,000+ customers
- Gain online real-time access to account balances and activity
- Grow their accounts receivable line of credit as their accounts receivable increase
- Obtain credit protection to help manage large customer credit exposures
Clients
- Consumer product companies
- B2B companies selling to retailers
- Manufacturers, distributors, importers and exporters
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CIT Executive Spotlight
2011 U.S. Factoring Overview
March 2011
With Jonathan Lucas, Chief Sales Officer, Trade Finance