Import For an import program, CIT provides credit protection with respect to a foreign supplier's U.S. accounts receivable sold on open terms. We assume the financial ability of the buyer to pay on approved and undisputed receivables, and also service the accounts receivable by performing credit analysis, collections, and bookkeeping.
Export Through the export program, CIT offers a financing solution for U.S. companies selling internationally. We work with you to establish credit lines for their foreign buyers. We can also manage overseas collections, accounts receivable bookkeeping, and reporting where desired. This tailored solution allows you to increase export sales and reduce credit losses, while maintaining cash flow and controlling expenses.
Recognized by FCI For each of the last three years, CIT’s commercial services business was recognized by Factors Chain International (FCI) in its Annual Factor of the Year Awards. Out of over 300 members, CIT’s commercial services business earned first place in the category of Import Factor of the Year in 2015, and ranked second for both 2016 and 2017.
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