Small Business Owners Need a Plan if Banking with CIT

Some one million CIT Group Inc. customers — many of them small and medium-sized business owners — will likely see their access to credit slashed should their lender tumble into bankruptcy, experts said.

If you’re one of those business owners, it’s time to devise a backup plan. No matter what the end result for CIT, its current financial struggles signal that credit is going to get harder than ever to come by.  Read more.

Share
This entry was posted in Banking. Bookmark the permalink.

Leave a Reply

Your email address will not be published.


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>