CIT Direct Capital Review

Learn more about CIT Direct Capital equipment financing. Includes loan rates and terms, key information, and frequently asked questions.

Updated on September 6th, 2019

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CIT Direct Capital is an equipment financing company that provides a range of financing options to small business owners at competitive interest rates. CIT Direct Capital is a division of CIT Group Inc., headquartered in Portsmouth, New Hampshire.

Loan Rates and Terms:

Loan Amount

Interest Rates

Terms

Up to $500,000

As low as 5.49%

6 – 72 months

CIT Direct Capital
Review:

Pros: Easy application process with fast approval and funding. Reasonable interest rates.

Cons: Applicants need to be in business for 2 years and have a credit score of 680+.

Bottomline: CIT Direct Capital offers flexible terms and repayment options to meet your business's equipment financing needs.

Key Information:

Parent Company

CIT Group

Founder

Henry Ittleson

Founded

1908

Headquarters

Portsmouth, NH

Number of Employees

1,001-5,000

CEO

Ellen Alemany

Address

155 Commerce Way, Portsmouth, NH 03801

Phone number

1 (866) 777-0117

Website

www.cit.com/business/finance/equipment-financing

FAQs:

Is Direct Capital Group legit?

Yes, CIT Direct Capital is a division of CIT Group Inc.

Read CIT Direct Capital key information.

What equipment financing options does CIT Direct Capital offer?

  • $1 Buyout: Available as a lease or an Equipment Financing Agreement (EFA).
  • Fair Market Value: Get a lower lease payment. At the end of the term, purchase the equipment or return it.
  • Net Terms: Buy now and pay later with financing for 30, 60, or 90 days.

Read CIT Direct Capital's loan rates and terms.

How do I apply for equipment financing with CIT Direct Capital?

You can apply online or by calling 1 (866) 777-0117.

See CIT Direct Capital key information.

Does CIT Direct Capital finance used equipment?

Yes, CIT Direct Capital provides financing for both new and used equipment.

See our review of CIT Direct Capital.

What are some CIT Direct Capital alternatives?

See our full list of equipment financing companies.