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CIT Capital Equipment Finance Expands Middle Market Team

November 20, 2012, 07:00 AM

CIT Group announced that CIT Capital Equipment Finance continued the build-out of its team focused on middle market equipment financing. The team now includes: Regional Sales Directors Matt Franklin (Southeast), Kevin Ronan (Northeast), Tom Linebarger (Midwest) and Timothy McNeely (West); Underwriters Brian Senatore, Brian Gandy, Pam Lenamon, Adam Schacter, Igor Matic and Ross Seckel; and Equipment Managers David Santom and Jonathan Shust.
In addition, CIT Capital Equipment Finance also announced that since January, 2012 the group has executed 17 large ticket equipment loans and leases with companies in the food manufacturing, transportation, deck/railing/fencing manufacturing, packaging, oil field services, drilling, technology, and distribution sectors.

“We have been pleased with the continued build-out of our team as we seek to meet the equipment financing needs of middle market companies across the United States,” said Vince Belcastro, Group Head of CIT Capital Equipment Finance. “Our funding commitments highlight the fact that many companies are once again purchasing new equipment to help build their businesses.”

CIT Capital Equipment Finance is a leading provider of equipment financing solutions for middle market companies in a wide range of industries. CIT Equipment Finance specializes in providing equipment loans and leases for transactions ranging in size from $2 million to approximately $100 million.

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