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CIT Group to provide factoring for Liquid Graphics

22
Dec '10
CIT Group Inc, a leading provider of financing to small businesses and middle market companies, announced that it has established a comprehensive factoring and financing relationship with Liquid Graphics, Inc., a high-end designer, screen printer and producer of branded and private label apparel to the action sports and entertainment industries.

The agreement provides for accounts receivable and inventory financing from CIT Trade Finance, which will provide working capital to support Liquid Graphics growth plans.

“This transaction demonstrates CIT's continued commitment to meeting the financing and credit protection needs of small businesses in the apparel and action sports industries,” said Mitch Cohen, Western Regional Manager of CIT Trade Finance. “Our retail industry expertise, client service levels, and ability to provide comprehensive customer credit lines, continue to distinguish CIT from its competition.”

Bryan Renner, CFO of Liquid Graphics, Inc., said, “We are excited to partner with the leading factor in the U.S., as this relationship with CIT will provide us with financing and credit tools to help us grow. By factoring with CIT, we will be able to maintain deeper inventory levels, which will allow us to better serve our customers by responding even faster.”

CIT Group Inc


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