CIT Names Harnisch President of Commercial Finance

David Harnisch will join CIT Group as president of Commercial Finance, succeeding Jim Hudak who has elected to retire.

August 27, 2019 CIT Group | David Harnisch | Jim Hudak nadine

ABL Lenders Face Challenges, But Expect Strong Economy to Keep Them Afloat

Every year, ABL lenders face new challenges. Last year, people were nervous about the impact of prospective tax cuts. This year, the effect of tariffs has both borrowers and lenders shaking their heads. ABL lenders are facing increasing competition as 2019 prepares to roll in. Lisa Miller catches up with five top ABL executives who look back at 2018 and anticipate a strong year ahead.

November 1, 2018 Bank of America | CIT Commercial Finance | Jim Hudak | Joeseph Nemia | Lisa Miller | MB Business Capital | Michael Haddad | Michael Sharkey | RoundTable | Seth Benefield | Sterling National Bank | TD Bank Amanda Koprowski

CIT Bank Enters Into Strategic Partnership with Allstate

CIT Bank created a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit, will provide revolving and term loan commitments to middle market companies.

July 11, 2017 Allstate | CIT Bank | CIT Group | CIT Northbridge Credit | Jim Hudak | Russ Mayerfeld ABF Journal

Putting Their Heads Together… CIT Corporate Finance Executives Discuss the State of ABL, Cash-Flow Lending

To gain their perspective on the current state of the asset-based and cash-flow lending markets, ABF Journal tapped the collective wisdom of Pete Connolly and Jim Hudak, co-heads of CIT’s Corporate Finance group. The two discuss their outlook for middle-market borrowers, key borrower sectors and the lessons learned during the Great Recession.

September 1, 2011 Corporate Finance | Jim Hudak | Pete Connolly ABF Journal