Cit closes $50 million factoring facility with consumer technology firm

New york , oct. 12, 2022 /prnewswire/ -- cit commercial services, a subsidiary of first citizens bank, today announced that it has completed a $50 million factoring facility with a west coast consumer technology firm. cit worked closely with the client to create a unique factoring arrangement to provide the technology designer and producer with additional flexibility in meeting its working capital needs.
FCNCA Ratings Summary
FCNCA Quant Ranking