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CIT Group ( CIT ), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses ...
Equipment financing, also known as equipment loans, is the process of borrowing money to pay for a piece of equipment or machinery. They are especially handy for equipment your business will need ...
An equipment loan can enable your business to buy even expensive tangible assets that will help it thrive. Since the equipment acts as collateral, this loan can be an accessible option for ...
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Capital leases: These allow your business to purchase the equipment at the end of the lease period. They have lower payments like an operating lease, but you may be required to make a balloon ...
The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002. [4] [5] Citigroup is the third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking ...
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