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CIT Commercial Services and the California Fashion Association to Host Conference on Strategies & Innovations in Financing Fashion
Industry Experts Will Discuss the Opportunities for Brand Extension and Growth in the Fashion Finance Sector
Tuesday, October 7, 2014 04:31 PM
For apparel companies looking to grow, green - not orange - is the new black

LOS ANGELES--(BUSINESS WIRE)--CIT Commercial Services, a leading provider of factoring services in the United States, and the California Fashion Association (CFA) today announced that they will host a specialized industry conference, “Green Is The Color of Money,” that will focus on strategies and innovations in financing the fashion industry. Individuals interested in attending can register at

“For apparel companies looking to grow, green - not orange - is the new black,” said Jon Lucas, President of CIT Commercial Services. “This event is geared towards apparel manufacturers and importers that want to learn from industry experts about the financial strategies, tools and products available to help them meet their business goals.”

The half-day conference and networking event will be held on Thursday, October 23, 2014 at the OMNI Hotel in Los Angeles. Topics to be covered include: Bridge-to-growth financing for those in the early stages of growth; liquidity financing for significant growth potential or exit strategy; turn around financing for distress situations; financing to expand the base of a successful brand performance; traditional financing (factoring) with an eye to the future, and Crowd Sourcing.

Conference speakers will include Steve Brownlie, Managing Director, Altamont Capital Partners; Mitchell Cohen, Western Regional Manager, CIT Commercial Services; Katie Fitzgerald, Manager, Business Development, CircleUp; Jon Lucas, President, CIT Commercial Services; Ilse Metchek, President, California Fashion Association; Jennifer Baxter Moser, Managing Director, TSG Consumer Partners; Paul D. Schuldiner, Managing Director of Business Development, King Trade Capital and Kati Suominen,Founder and CEO, TradeUp; Founder and CEO, Nextrade Group, LLC; Founder and Partner, U.S. Export Capital Group, LLC.

Earlier this year, CIT and the CFA released the “Los Angeles Area Fashion Industry Profile and 2014 Outlook.” (

About The California Fashion Association

The California Fashion Association (CFA) is a non-profit organization established to provide information for business expansion and growth to the apparel and textile industry of California. The international mission of the CFA is to define the industry’s economic impact and to outline its global opportunities.

About CIT Commercial Services

CIT Commercial Services is a leading provider of factoring services in the United States. We provide credit protection, accounts receivable management services and asset-based lending to manufacturers and importers that sell into retail channels of distribution.

About CIT

Founded in 1908, CIT (NYSE:CIT) is a financial holding company with approximately $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lendingfactoringretail and equipment finance, as well as aerospaceequipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC),, offers a variety of savings options designed to help customers achieve their financial goals.


C. Curtis Ritter, 973-740-5390
Senior Vice President of Corporate Communications
Matt Klein, 973-597-2020
Vice President, Media Relations