CIT Group Inc.

Public Company, Headquarters Location
505 5th Ave., New York, NY 10017-4917, United States
(212)771-0505, http://www.cit.com

Primary SIC: Misc. Business Credit Institutions, Primary NAICS: All Other Non-Depository Credit Intermediation
Description: CIT Group Inc., a Delaware corporation, was founded in 1908. On December 22, 2008, the company became a bank holding company. Through its subsidiaries, it provides financing and leasing capital to commercial clients and their customers in over 30 industries and 50 countries, as well as offering small business lending. The company operates in five primary segments: corporate finance, transportation finance, trade finance, vendor finance and consumer. The corporate finance segment provides lending, leasing and other financial services primarily to small and middle-market companies. The transportation finance segment provides customized leasing and secured financing primarily to end-users of aircraft and railcars. The trade finance segment provides factoring, receivable and collection management products, and secured financing to businesses that operate in several industries including apparel, textile, furniture, home furnishings and electronics. The vendor finance segment provides financing and leasing solutions to manufacturers, distributors and customer end-users world-wide. The consumer segment includes consumer loan portfolios in run-off mode, the largest of which consists of government guaranteed student loans. The company is headquartered in New York and operates in the U.S., Canada, Europe, Latin America, Australia and the Asia-Pacific region. Its principal bank subsidiary is CIT Bank in Salt Lake City, Utah. More

Finance: Provider of finance and leasing capital, short-term business credit for commercial borrowers and consumers, non-bank holding company.