CIT Launches Factoring University
The CIT Group launched an educational website to outline the principles of accounts-receivables factoring.
Factoring University (www.citfactoringuniversity.com) went live on July 9 and offers insight into factoring services for small- and mid-size businesses.
“We saw there was a need for greater education about factoring services,” said Jon Lucas, president of CIT Trade Finance. “That is why we designed Factoring University, which is an online resource for small- and mid-size-business owners looking for information about this financing tool. Factoring University provides a platform from which individuals can educate themselves on the benefits of factoring and related services while highlighting the industry expertise and thought leadership of CIT’s executives.”
Among Factoring University’s exclusive content is a primer on the basics of factoring. Additional topics include “How to Minimize Bad-Debt Losses” and “Managing Collections Efficiently.”
Founded in 1908, CIT has more than $34 billion in financing and leasing assets. The company provides financing and leasing capital to its more than 1 million small business and middle-market clients in more than 30 industries.—Alison A. Nieder
