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Home > Financial Services > Mortgage Brokers > CIT Small Business Lending
CIT Small Business Lending
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
CIT Small Business Lending Corporation serves small and medium-sized businesses seeking financing for a variety of needs including real estate purchase, construction or refinance; franchise or medical professional start-ups; business acquisitions and expansions and partner buyouts.
The Company provides total financing packages from $50,000 up to
$5 million to a wide variety of small businesses, Manufacturers, Franchises, including Retailers, Service Businesses and Medical Professionals among others.
CIT Small Business Lending Corporation is committed to fueling the growth of the nation’s small businesses. They offer Small Business Administration loans for Business Succession Financing, Commercial Real Estate Financing, Franchise financing, and Construction Loans. The Company Corporation is the nation’s largest provider of SBA loans. They have been designated a Preferred SBA Loans Lender by the SBA which gives us the authority to make credit decisions on behalf of the US government.
CIT Small Business Lending Corporation can helpUp to 90 percent financing of the sale of your business to a manager, Up to 100 percent financing of the sale of your business to a partner or shareholder, Working capital and new equipment financing are available as part of the loan, Sales can be financed over 10 to 25 years with no balloons, In most cases, the seller will not be required to finance any of the sales price and will receive cash at closing rather than over a period of several years, Loans up to $3,000,000 available.
Commercial real estate financing program includes Loans from $200,000 to $5,000,000, Purchase, New Construction or Refinance, Up to 90 percent financing available, Terms up to 25 years, Fixed and Variable Rates Available, Must be at least 51 percent owner-occupied, and No Balloons.
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