CIT Expands Business Capital’s Business Development Team

CIT expanded its Business Capital team with the addition of Aaron Kaplan and Mike Hampton as VP/BDOs for CIT Equipment Finance. CIT also expanded the role of Chris Wren, VP/BDO, in its franchise business.

CIT Closes $25MM Loan to Friendly Franchisees

CIT Group’s Franchise Finance team, part of CIT’s Business Capital division, closed a $25 million loan to La Palma, CA-based Friendly Franchisees.

CIT Direct Capital Hits $4B in Originations; Portfolio Over $1B

CIT Group’s Direct Capital has provided more than $4 billion in equipment financing and working capital loans to more than 100,000 small businesses since its inception in 1993.