• Commercial & Industrial Finance

    CIT Commercial & Industrial Finance provides customized financing and advisory services in all stages of the business cycle, including working capital, growth capital, acquisition, debt refinancing, recapitalization and restructuring. We serve a wide range of industries including manufacturing, retail, restaurants, consumer products, and chemicals.

    Manufacturing Products & Services:

    • Working capital
    • Acquisition financing
    • Growth capital
    • Management buyouts
    • Debt refinancing
    • Recapitalizations
    • Turnarounds
    • Restructurings
    • Debtor-in-possession financing
    • Confirmation plan financing   

    Asset-based loans:

    • Senior secured revolving and term debt based on asset valuations 
    • Revolving lines of credit based on valuation of inventory and receivables and term loans based on valuation of fixed assets (including machinery, equipment and real estate)
    • Loans against valuable trademarks, patents, licenses and royalties     

    Cash Flow Financing:

    • Predominantly in connection with acquisition financing
    • Senior secured debt, which is based on a multiple of EBITDA and understanding of cash flow drivers
    • Reliance on a company's operating performance, management strength and competitive position
         

    Select stretch asset-based loans and hybrid structures:  

    • Senior secured revolver and term financing with advances beyond traditional ABL advance rates  
    • Reliance on cash flow and traditional asset-based analytics
        

    First out/unitranche structures:

    • On an asset-based or cash flow basis 

    Machine Tools Heavy Equipment Key Areas of Focus:

    • Manufacturers
    • Restaurants
    • Wholesalers and distributors
    • Chemicals
    • Select financial services
    • Retailers
    • Consumer products
    • Metals
    • Automotive
    • Other heavy manufacturing
    • Paper
    • Plastics
  • Select Commercial Finance Transactions

    CIT combines its deep expertise in creating financing and treasury management solutions with outstanding execution and service, helping our clients achieve their full growth potential. See our latest accomplishments: Tombstone Collage

  • Related Content

    Retailers are hopeful for a successful Holiday Season and will continue growth for the next 3 years.
    Here are the 7 key indicators lenders look for in a restaurant franchise financing. [Article]

    Franchisees who own multiple units enjoy many advantages, such as spreading their fixed costs across more stores. If you are a franchisee looking to expand your portfolio, you will require financing to realize your growth goals. Having a sound, strategic growth plan and a track record of operational success can help owner-operators to secure the financing needed for expansion.

    Here are three quick tips to consider for your financial plan:  

    cafe 300x233 1. Expand with a plan

    Lenders need to understand why expanding makes sense. Will the market tolerate multi-unit expansion? Will expansion be profitable?

    2. Partner with the right lender

    Talk to other multi-unit owners and they'll tell you to pick your finance partner carefully. A great partner becomes an extension of your company. They can help you to know which finance structures to deploy and when to use them.

    3. Get your papers in order

    You need to demonstrate your past successes and the expected impact of future growth on your company. While income statements and balance sheets show past successes, you'll use  pro-forma financial statements to demonstrate your financial situation over the next several years as you add more stores.

    When deciding to take on a larger portfolio, it is time to seek more structured financing. By working with a single, specialized partner, franchisees can be better assured that they will meet the capital requirements to fund their growth plan and achieve their long term plans.  

    http://www.franchisetimes.com/pdf/2017/CIT-WhitePaper.pdf

    The core 2016 back-to-school shopping season gave way to some interesting purchasing trends. On average, spending is up from the prior year, with those who began shopping in early July spending 27 percent more than those that began shopping in August or later. According to a recent study performed by Deloitte, while 61 percent of parents plan to do their research online, traditional school supplies like clothing, pencils, paper, notebooks and the like will be purchased at a physical store, putting brick and mortar in the lead this shopping season. 1

    Tablet user 350x192 Parents are still the primary decision makers when it comes to K-12 back-to-school shopping. But they are getting some help from their local schools in the form of supply lists. Some schools have circumvented the shopping process all together by offering preconfigured mommy packs. For a nominal fee that includes shipping you can have everything your child needs to start the 2016 school year delivered to the comfort of your home.

    Technology continues to win in 2016, with K-12 parents spending on average $343 on tech purchases. The numbers are higher for the parents of college freshman who spent roughly $470. 2  This is great news for consumer electronics retailers and manufacturers, as more will be spent on tech items this back-to-school season than in any other category.

    A breakdown of this tech spend shows that laptops will account for 49 percent of all planned tech purchases, followed by:

    • Tablets, 42 percent
    • Mobile devices, 31 percent
    • Headphones, 27 percent
    • Mobile phone plans, 22 percent
    • Desktop computers, 18 percent
    • Cameras, 14 percent  3


    When it comes to tech purchases, Amazon, Walmart, Best Buy, Target & Apple respectively are the preferred retailers. Interestingly enough, Walmart, Target & Amazon are the preferred destinations for back-to-school shopping across the board when it comes to technology, traditional supplies and apparel, with Walmart surpassing Amazon in the areas of traditional supplies and apparel in 2016.

    1 http://www2.deloitte.com/us/en/pages/consumer-business/articles/back-to-school-survey.html
    2 http://rubiconproject.com/insights-report/2016-back-to-school-consumer-pulse/
    3 http://rubiconproject.com/insights-report/2016-back-to-school-consumer-pulse/  

    *Total number of responses will equal more than 100% as study participants were are allowed to select multiple responses.