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 November 18th, 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 |
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 | |
Address | 155 Commerce Way, Portsmouth, NH 03801 |
Phone number | 1 (866) 777-0117 |
Website |
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.