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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
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Industries Served

Featured Services

  • Non-recourse option

Standard Terms

Startup feeContact for pricing
Contract termContact for details
Advance ratesContact for pricing
Factoring feeContact for pricing
Minimum volume feesContact for pricing
Additional feesContact for pricing
ReservesContact for details
RecourseNon-recourse offeredSource, checked 2026-11-05
Funding speedContact for details

* Actual terms may vary. Your quote is set by the company for your volume and customers.

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