Cit closes $75 million factoring facility with consumer products wholesaler

New york , aug. 11, 2022 /prnewswire/ -- cit commercial services, a subsidiary of first citizens bank, today announced that it has completed a $75 million factoring facility on behalf of a consumer products wholesaler. cit worked with the client to arrange a factoring facility to replace an existing asset-based lending facility with another lender.
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