CIT upgrades POS loan platform for small business purchases

Monday 17 February 2020 13:29 CET | News

US-based business and commercial financing company CIT Group has released an upgraded point-of-sale financing platform for small businesses.

The platform, operated through the CIT Small Business Solutions unit, allows businesses to finance equipment and supply purchases of USD 2,500 or more through a seamless process and also works online and through mobile devices.

The program allows customers to obtain financing from 12 to 60 months and has automated the process, using e-signatures and integration into e-commerce and customer relationship management platforms.

CIT Group is a financial holding company and bank holding company that provides financing, leasing, and advisory services principally to middle-market companies and small businesses in a wide variety of industries, primarily in North America. CIT also provides banking and related services to commercial and individual customers through its banking subsidiary, CIT Bank N.A., which includes over 60 branches located in Southern California and an online bank.

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Keywords: CIT Group, lending platform, product upgrade, SME lending, SME purchases, small business purchases, financing , leasing, advisory services, supply purchases, United States, North America
Categories: Banking & Fintech
Countries: United States
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Banking & Fintech

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