First Citizens Bank Equipment Finance
Company Info
10201 Centurion Pkwy N.
Jacksonville, FL 32256
Jacksonville, FL 32256
Kevin Ronan
Primary Contact
Bruno Amalberti
Alternate Contact
First Citizens Bank Equipment Finance is a:
Last Update: 02/07/2023
Core Business Focus
CIT Group, a leading commercial finance company, provides clients with financing and leasing products. Founded in 1908, CIT has nearly 50 billion in assets under management and possesses the financial resouces, industry expertise and product knowledge to serve the needs of clents in over 30 industries. CIT holds leading positions in vendor financing, factoring, commercial and corporate aircraft financing, rail, construction, Small business Administration Loans, and asset-based lending. CIT has a keen interest in portfolio acquisitions
Company Type
Bank
Type of Funding Source/Buyer
Lender, Investor, Agent
Annual Volume Funded
2.9 Billion - 3 Billion
Credit Criteria
- Investment Grade
- Near Investment Grade
- Middle Market
- Lower Middle Market
- Municipal / Government
Transaction Size
Highest
Average
Lowest
$100,000,000.00
$300,000.00
$10,000.00
Lease Terms
Longest
Average
Shortest
10 years
5 years
1 year
Lease Structures
- Conditional Sale / Money-Over-Money
- Debt
- Leveraged Lease
- Tax-Exempt Municipal Lease
- Operating Lease
- Vendor Finance
Originates Paper?
Yes
Syndicates/Sells Paper?
Yes
- CIT may securitize transactions in the marketplace. Additionally, CIT originates paper through direct and indirect relationships and through vendor programs.
Equipment Types We WILL Finance
- Agricultural
- Aircraft
- Automobile
- Broadcast / Video
- Buses
- Construction
- Emergency Vehicles
- Furniture / Fixtures
- Gaming
- Graphic Arts
- Intermodal
- Laundry / Drycleaning
- Machine Tool
- Marine
- Material Handling
- Medical
- Mining
- Project Finance
- Rail
- Recycling
- Renewable Energy
- Restaurant
- Software
- Technology
- Trucks and Trailers
- Utility
- Waste Removal
Equipment Types We WILL NOT Finance
- Cable / Communications
- Modular Buildings
- Oil and Gas
- Packaging / Plastics
- Recreation / Fitness
- Retail
Industry Financing Preferences
No special limitations. Sensitive to environmental issues and some limitation in the retail industry.
Our Company is a(n):
Asset-Based and Credit Lender
Accepts Soft Assets?
Yes
- lessor and debt-size leverage lease or lease discount.
Lessor/ Broker Requirements
Deal with a full spectrum of financial intermediaries.
ELFA Business Councils
Bank, Independent, Small Ticket, Captive and Vendor Finance
Start of the Fiscal Year
January