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CIT Group

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Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $34 billion in finance and leasing assets. A member of the Fortune 500, it provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. CIT also operates CIT Bank, BankOnCIT.com, its primary bank subsidiary and an FDIC-insured online bank which offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com

CIT is headquartered in New York City.

Corporate Finance provides lending, leasing and other financial and advisory services to the small business and middle market sectors, with a focus on specific industries, including Communications, Energy, Entertainment, Healthcare, Industrials, Information Services & Technology, Restaurants, Retail, and Sports & Gaming.

Trade Finance is the number one provider of factoring services for companies that sell into retail channels of distribution. It provides credit protection, accounts receivable management and asset-based lending to manufacturers and importers.

Transportation Finance is the third largest U.S. railcar lessor and a leading global aircraft lessor. It provides lending, leasing and advisory services to the transportation industry, principally aerospace and rail.

Vendor Finance is a global leader in developing financing programs for manufacturers, distributors, product resellers and other intermediaries that enable their customers to acquire product now and finance payments over time. CIT maintains relationships with leading companies in the information technology, telecommunications and office equipment industries while providing equipment leasing and financing to small and middle market businesses across all industries.

Milestones

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• 
  CIT Group invested in Datapipe. (5/10/11)
  Posted 5/10/11 at 6:38pm via finsmes.com
• 
  CIT Group invested in Telx. (6/3/09)
  Posted 7/6/09 at 1:17pm via telx.com
• 
  CIT Group invested in Sylantro. (10/1/00)
  Posted 5/30/08 at 9:19pm via enronexplorer.com

Investments

Videos

Sources

1. Datapipe Secures $176M in Equity and Debt Financing (finsmes.com) [edit]
2. TELX SECURES MORE THAN $43 MILLION IN FINANCING FROM CIT AND RBC CAPITAL MARKETS (telx.com) [edit]
3. Sylantro Systems Raises $55 Million Series C Round (enronexplorer.com) [edit]