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CIT and Dell Launch Preferred Financing Programs in Brazil and Mexico
Wednesday, June 1, 2011 08:35 AM
CIT’s expertise in financing, in-depth knowledge of the local markets and integration with Dell’s go-to-market strategy will provide commercial customers with attractive financing alternatives for Dell products.

NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, and Dell today announced the launch of two preferred partnership financing programs in Brazil and Mexico. The programs will provide financing to large enterprise customers looking to acquire Dell solutions.

“We are pleased to launch these programs with Dell in two of the most dynamic growth markets in Latin America,” said Ron Arrington, Global President, CIT Vendor Finance. “CIT’s expertise in financing, in-depth knowledge of the local markets and integration with Dell’s go-to-market strategy will provide commercial customers with attractive financing alternatives for Dell products.”

Rick Stipe, Executive Director at Dell Financial Services, said, “Our decision to launch these programs with CIT is reflective of our long-standing relationship and history of success. These programs will address the needs of our commercial customers by providing a comprehensive technology solution that allows them to make payments over time.”

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About CIT Vendor Finance

CIT Vendor Finance is a global leader in providing business solutions for manufacturers, distributors and product resellers and financial solutions for their customers. CIT maintains relationships and develops financing programs with leading manufacturing companies that can enable increased sales while providing equipment financing and value added services from invoicing to asset disposition to small and middle market businesses across all industries that facilitate the purchase of equipment according to their needs. www.cit.com/vendorfinance

About CIT

Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in finance and leasing assets. It provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. www.cit.com

 

Contact:

CIT MEDIA RELATIONS:
C. Curtis Ritter, 973-740-5390
Director of Corporate Communications
Curt.Ritter@cit.com
or
Matt Klein, 973-597-2020
Vice President, Media Relations
Matt.Klein@cit.com
or
CIT INVESTOR RELATIONS:
Ken Brause, 212-771-9650
Executive Vice President
Ken.Brause@cit.com