CIT Group Commercial Service is a lender that offers commercial, notification, non-notification, and international factoring solutions to businesses. The company provides qualified business owners with working capital to help them accelerate cash flow, improve collections, and control exposure to bad debts. Ready to get started? Visit its website.
Summary of CIT Group Commercial Service Reviews
As of February 2019, there are no up-to-date CIT Group Commercial Service reviews online. If you are a past or current CIT Group Commercial Service customer, leave a review to help other business owners who are deciding whether or not to use the software.
CIT Group Commercial Service Pricing
CIT Commercial Service pricing and rates are not published on its website. However, the site mentions that its funding limit for small businesses ranges from $1,000 to $1 million. Interest rates from similar providers typically cost 0.25% to 4% of the invoiced value. Others charge origination fees and annual renewal fees.
Interested business owners may contact CIT Group Commercial Service for more information on its rates and services.
Ready to get started with CIT Commercial Service? Visit its website.
Top Lenders 2019
up to $250,000 for line of credit
Top Invoice Factoring Companies Picks From Fit Small Business
6 Best Invoice Factoring Companies 2018: With invoice factoring, your unpaid invoices are converted into immediate cash through an advance of 80 to 90 percent of the total amount owed. We reviewed invoice factoring companies to find the six best factoring companies. These companies are experienced at collecting payments for small businesses with some of the best advance and discount rates in the industry.
CIT Group Commercial Service Features
Check out the list below of some of CIT Commercial Service’s features:
- Commercial factoring
- Notification factoring
- Non-notification factoring
- International factoring
- Select credit accounts receivable protection
- Asset-based lending
- Treasury management
CIT Group Commercial Service FAQs
How does factoring with CIT Commercial Services work?
CIT Commercial Services will work directly with your customers to verify their credit-worthiness. If they are, you can sell your receivables to CIT so that you can get funds faster. Then, they will be the ones to collect payments from your customers.
How do I apply for a factoring funding from CIT Commercial Services?
Interested applicants need to fill out CIT’s contact form on their website to get started.