CIT Completes Acquisition of Direct Capital
CIT Bank announced it has completed its acquisition of Direct Capital, a provider of financing to small and mid-sized businesses.
August 4, 2014
CIT Bank | CIT Group | Direct Capital
ABF Journal
CIT Bank announced it has completed its acquisition of Direct Capital, a provider of financing to small and mid-sized businesses.
CIT Bank has agreed to acquire Direct Capital, a provider of financing to small and mid-sized businesses. As part of the acquisition, Christopher J. Broom, co-founder and chairman and James P. Broom, CEO will continue to lead the business.
Small business credit health has improved over the first five months of 2013, according to internal data from small business lender Direct Capital.
March 2013 continues a trend of growth in small business lending demand, according to Direct Capital’s Monthly Small Business Lending Index.