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CIT Small Business Lending Announces National Relationship With The Business Resource Store
Livingston, NJ -- April 22, 2003 -- CIT Small Business Lending Corporation, the nation’s #1 SBA lender for the past three years and a subsidiary of CIT Group Inc. (NYSE:CIT) today announced a national relationship with The Business Resource Store. CIT will provide The Business Resource Store with access to nationwide financing for their clients, along with marketing support to reach new clients and monthly reporting services to track the success of the relationship. The alliance will result in the creation and expansion of small businesses across the U.S. and reflects CIT’s ongoing commitment to job development, growth and economic stability in the small business community.
"The Business Resource Store provides an invaluable service for individuals looking for financing to start their own franchise business," commented David Bell, national account manager for CIT Small Business Lending. "Their experience and knowledge of the franchising industry and their ability to identify borrowers that fit both SBA and CIT guidelines puts them among the best in the industry."
"Our focus on franchises is a direct result of the continued high success rate of businesses in that arena," said Don Steele, president and CEO, The Business Resource Store. "Partnering with the leading SBA lender and the best franchise lender in the nation is a great opportunity for us to expand our services and continue to grow our business."
About The Business Resource Store
The Business Resource Store is a provider of specialized financing solutions to small to mid-sized companies in the U.S. Services include loans, revolving lines, equipment leases, receivable, inventory, and purchase order financing, SBA loans, letters of credit, business credit cards and mortgage loans. The company’s website is www.businessresourcestore.com.
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 through 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 www.smallbizlending.com.
About CIT
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 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 www.cit.com.
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