HARTFORD, Conn., Nov. 18 /PRNewswire-FirstCall/ -- The U.S. Small Business
Administration (SBA) has announced that it has ranked CIT Small Business
Lending Corporation (SBL) as the top volume lender to small businesses in
Connecticut. This achievement is for SBA's fiscal year 2002 ended September
30, 2002 and is recognition of CIT Small Business Lending's long-standing
commitment to the small business community. CIT SBL is a subsidiary of CIT
Group Inc. (NYSE: CIT) and the nation's number one SBA lender.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020910/CITLOGO )
Between October 1, 2001, and September 30, 2002, CIT Small Business
Lending approved 58 loans totaling more than $25 million to small businesses
in Connecticut. Ranging in size from $100,000 to $4,000,000, loans were made
to various businesses such as: motels, retail and wholesale companies,
franchise restaurants and bakeries, and medical professionals.
"We are excited to be recognized as the top lender to small businesses in
Connecticut," said David Sportelli, Regional Account Manager. "CIT Small
Business Lending has been supporting Connecticut entrepreneurs for the last 10
years and we look forward to helping many more small businesses in the coming
year," he added.
About CIT Small Business Lending Corporation
CIT Small Business Lending Corporation offers Small Business
Administration (SBA) loans to finance business acquisitions, owner-occupied
real estate purchases and franchise start-ups though a network of field
representatives. The nation's #1 SBA lender, CIT Small Business Lending has
been designated a "Preferred Lender" by the SBA and can provide quick credit
decisions and loan closings. The company's website and online SBA loan
application are located at http://www.smallbizlending.com .
About CIT Group Inc.
CIT Group Inc. (NYSE: CIT), a leading commercial and consumer finance
company, provides clients with financing and leasing products and advisory
services. Founded in 1908, CIT has nearly $50 billion in assets under
management and possesses the financial resources, industry expertise and
product knowledge to serve the needs of clients across approximately
30 industries. CIT holds leading positions in vendor financing, U.S.
factoring, equipment and transportation financing, Small Business
Administration loans, and asset-based and credit-secured lending. CIT, with
its principal offices in New York City and Livingston, New Jersey has
approximately 6,000 employees in locations throughout North America, Europe,
Latin and South America, and the Pacific Rim. For more information, visit
http://www.cit.com .
SOURCE CIT Group Inc.
 back to top
Related links:
http://www.cit.com
http://www.smallbizlending.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20020910/CITLOGO
CONTACT:
Luis Gonzalez of CIT Equipment Rental &
Finance, +1-480-379-3449, luis.gonzalez@cit.com; or Naya Kolarova
of Stanton Crenshaw for CIT, +1-212-780-1900 ext. 572,
naya@stantoncrenshaw.com
|
