Search
 

CIT's CU Biz Loan Referral Program Shuts Down

Due to a lack of interest, a commercial lending and leasing referral program targeted at credit unions and formed by CIT Group Inc. and MicroBilt Corp. ended in late 2008.

By Michelle A. Samaad | Updated on July 21, 2009

Due to a lack of interest, a commercial lending and leasing referral program targeted at credit unions and formed by CIT Group Inc. and MicroBilt Corp. ended in late 2008.

Launched in 2006, the MicroBilt Financial Business Loan program offered SBA loans from CIT’s small business lending division and equipment financing options through CIT Office and Technology Finance, a unit of CIT Vendor Finance. The goal was to provide a way for credit unions without the resources for staff and other expenses to enter the business lending market. MicroBilt’s credit union clients had access to its business loan services through an online platform.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.