An A-z On Important Factors For Business Financing

With our recent actions and the decisions we are announcing today, we are strengthening our culture of ownership, accountability and transparency at CIT. Our strategic plan of focusing on our core businesses and leveraging the strength of our franchises and risk management practices will maximize value for shareholders and position CIT as a leading national middle market bank. Conference Call and Webcast Ms. Alemany and Carol Hayles, Chief Financial Officer, will host a strategic update call at 8:00 a.m. EDT on Wednesday, March 23, 2016, which will be broadcast live on the investor relations section of the companys website at cit.com/investor or by dialing: 888-317-6003, elite entry code: 2160502. An archived version of the conference call and supporting materials will be available on the CIT website within the investor relations section after the live conference call. About CIT Founded in 1908, CIT ( CIT ) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.

http://finance.yahoo.com/news/cit-provides-strategic-plan-creating-103000082.html

Successful Commercial Loan Relationships Include Excellent Banker-client Communication.

With our funding capacity from 5k to over well over 100MM our team is highly experienced in funding transactions nationally and internationally. We were able to get an attractive fixed interest rate loan approval in place despite the Clients credit issues with a nationwide flat lender. 9/2014 – $720,000 Restaurant: Client was looking to refinance two restaurant properties that they owned. Whether successfully feeling day-to-day operations with a line of credit, or requiring a more complex financing solution to meet long-term http://www.lowellsun.com/business/ci_29691274/jeanne-darc-promotes-kara-doyle-vp-commercial-lending goals, Capital one has both the comprehensive suite of credit and financing solutions and the specialized expertise to meet your business or industry specific needs. The commercial lender may extend revolving credit lines to augment working capital as needed by the client. If cash flow from operations divided by liabilities is greater than 1, the company probably generates sufficient cash flow to cover loan repayment expenses. The commercial lender may require a guarantee of the loan. Restrictions apply.

Cash Equivalents Or Collateral Assets Are Usually Secondary To The Commercial Lender.

Contact a commercial mortgage loan officer for details. Commercial bridge lenders will overlook property issues, incomplete permits, credit and other problems in exchange for a higher rate of return. We were able to get an attractive fixed interest rate loan approval in place despite the Clients credit issues with a nationwide flat lender. 9/2014 – $720,000 Restaurant: Client was looking to refinance two restaurant properties that they owned. The lending officer first looks for capacity: The lender wants to know how the company plans to repay the loan. Whether successfully feeling day-to-day operations with a line of credit, or requiring a more complex financing solution to meet long-term goals, Capital one has both the comprehensive suite of credit and financing solutions and the specialized expertise to meet your business or industry specific needs. We were able to procure an attractive fixed market rate loan for the properties. 8/2014 – $1.125 million Industrial Building: Client was purchasing an industrial building currently in foreclosure. No social security number required.