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CIT Small Business Lending Corporation · Livingston, NJ United States

Company Description

1 CIT Dr.
Livingston, NJ
07039
United States (Map)
Phone: 973-740-5000
Toll Free: 800-713-4984

    Small is relative. CIT Small Business Lending is the biggest Small Business Administration (SBA) lender in the nation. Part of the Consumer & Small Business Lending unit of commercial and consumer finance firm CIT Group, the company offers business acquisition and succession loans, franchise financing, and commercial real estate and construction loans ranging from $150,000 to $5 million; $10 million for certain hotel operations. It targets such borrowers as day care centers; convenience stores; hotels and motels; woman- and minority-owned firms; and medical practice startups. The SBA-designated preferred lender operates from offices coast to coast. It also offers an online application process. To read the full description, subscribe now.

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    Key CIT Small Business Lending Corporation Financials

    Company TypeSubsidiary

    Headquarters
    Fiscal Year-EndDecember
    Employees5,000

    CIT Small Business Lending Corporation Executives

    4 executives listed for CIT Small Business Lending Corporation's Livingston, NJ location.
    TitleName & BioContact
    Christine ReillyNetwork
    EVP and Chief Sales OfficerCindy MazzettaNetwork
    SVP and Regional Manager, Eastern USTodd HarringtonNetwork

    Competition

    Competitive Landscape for CIT Small Business Lending Corporation
    Demand is driven by consumer spending. The profitability of individual companies depends on efficient operations, as services are sold largely based on cost. Large companies have big economies of scale in processing and can provide more services; small companies can compete by specializing in industries and providing custom services. The business is highly automated and capital-intensive: average annual revenue per employee is about $225,000. To read the full description, subscribe now.
    Top CIT Small Business Lending Corporation Competitors
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