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Cit Provides More Than $5 Million In Financing To Construction Firm For Heavy Equipment

Jan 20, 2022•over 3 years ago

Amount Raised

$5 Million

Raleigh

Description

CIT, a division of First Citizens Bank, today announced that the Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm.

Company Information

Company

Cit

Location

Raleigh, North Carolina, United States

About

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). CIT's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.