CIT Bank has offered business loans for more than 20 years as a division of CIT Group Inc. Providing online business lending, CIT Bank offers equipment financing, working capital and franchise financing of $1,000 to $500,000, with funding accessible as soon as the same day.
- Loans range up to $500,000.
- Loan terms extend from six months to seven years.
- There is no minimum annual revenue requirement.
- A minimum FICO credit score of 700 is required for approval.
- Startups can’t apply.
- Equipment financing
- Working capital
- Franchise financing
Loans of up to $500,000 are available, with terms from six months to seven years.
CIT Bank requires at least two years in business and a minimum FICO credit score of 700. A personal guarantee is needed.
CIT Bank offers fast funding, with approval in minutes and same-day disbursement.
CIT Bank is not rated by the Better Business Bureau.
- Businesses seeking fast approval and funding
- Businesses with at least a 700 FICO credit score
- Businesses with a need for fast access to up to $500,000
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