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 October 5th, 2021

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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:

Legal Name

CIT Group Inc.

Founder

Henry Ittleson

Founding Date

Feb 11, 1908

Address

11 West 42nd St., New York, New York

Number of Employees

2675

Number of Customers

100000

Email

service@cit.com

Telephone

1 (800) 253-0157

Website

https://www.cit.com/

FAQs:

Is Direct Capital Group legit?

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

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.

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

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

Does CIT Direct Capital finance used equipment?

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

What are some CIT Direct Capital alternatives?