• Capital Equipment Finance

    CIT Capital Equipment Finance provides equipment loans and leases for transactions ranging in size from $3 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. 

    Products & Services

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

    Key Areas of Focus

    • Aerospace & Defense
    • Automotive
    • Construction 
    • Distribution 
    • Food, Beverage and Agriculture 
    • General Manufacturing 
    • Healthcare and Medical 
    • Island Marine
    • Machine tools 
    • Materials handling 
    • Media and Entertainment 
    • Metals 
    • Mining 
    • Packaging 
    • Plastics 
    • Printing 
    • Pulp & paper 
    • Supermarkets/convenience stores 
    • Textiles 
    • Trade & service 
    • Trucking & logistics 
    • Utilities
  • Capital Equipment Finance Advantages

    • Equipment acquisition financing or leasing allows companies to take possession of equipment quickly, while preserving working capital for other strategic purposes
    • 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 improve cash flow for companies by reducing their initial investment and monthly payments
    • Several structures help companies divest obsolescence risk, and provide flexibility to match equipment needs with business cycles
    • Businesses can match terms of funding with useful life of equipment
    • Companies have the option to choose either fixed or floating rates
    • Equipment financing can result in varied accounting and tax benefits
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    For most businesses getting the equipment needed to remain competitive while maintaining the capital necessary to keep the doors open is a balancing act.

    According to the Equipment Leasing and Finance Association, given today's economic climate and the rapid pace of technological obsolescence, nearly 80% of all U.S. companies utilize some form of equipment financing.

    If you are a small-to- mid-sized business interested in acquiring equipment, software or value-added services, but don't want to disrupt cash flow, here are three reasons why equipment financing may be right for you.

    Equipment Leasing 2 thumbnail 1. It helps to maintain cash flow…

    Equipment financing can help to reduce upfront costs and improve your working capital position by freeing up cash that can be used for other areas of your business, like expansion, improvements and marketing.

    2. It helps to minimize risk…

    Equipment financing can help mitigate the uncertainty of investing in the capital assets your business needs until it achieves a desired return and meets other business objectives.

    3. It can help you stay ahead of the curve…

    With equipment leasing you can stay on top of the latest tech advancements and resulting efficiencies.  In some finance structures, you can even replace your equipment within the term of the lease and rely on lessor services for properly disposing of old equipment according to environmental and data security regulations.

    The next time you are acquiring equipment, software or managed services, ask your supplier about finance solutions.