CIT Commercial Services (First Citizens Bank)
Primary product: Invoice factoring
About CIT Commercial Services (First Citizens Bank)
CIT Commercial Services, now part of First Citizens Bank, provides factoring and financing to middle-market consumer product companies, including apparel, textile and consumer electronics businesses. Its accounts receivable factoring is built to speed cash flow, handle collections and limit exposure to customer bad debts, and its international factoring, typically non-recourse, supports both import and export sales alongside receivables management and lending tools.
Financial Products
- Invoice factoring
- Non-recourse factoring
- Minimum credit facility
- Contact for details
- Maximum credit facility
- Contact for details
Industries Served
Featured Services
- Non-recourse option
Standard Terms
| Startup fee | Contact for pricing |
|---|---|
| Contract term | Contact for details |
| Advance rates | Contact for pricing |
| Factoring fee | Contact for pricing |
| Minimum volume fees | Contact for pricing |
| Additional fees | Contact for pricing |
| Reserves | Contact for details |
| Recourse | Non-recourse offeredSource, checked 2026-11-05 |
| Funding speed | Contact for details |
* Actual terms may vary. Your quote is set by the company for your volume and customers.