With the equipment financing industry forecasted to grow 9% through 2012 1 now may be the time for companies to consider replacing outdated equipment. This topic is one of many discussed in CIT’s "2012 U.S. Equipment Financing Outlook," ( cit.com/podcastbelcastro) featuring Vince Belcastro, Managing Director and head of CIT Capital Equipment Finance for CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies.
The interview is the latest installment of CIT’s award-winning “5 Minute Capital” ( 5minutecapital.com) podcast series, featuring senior CIT executive commentary on current market conditions and industry trends.
Poised For Growth
According to Belcastro the equipment financing sector is poised for growth, commenting, “We’re seeing a great deal of opportunities now, and hearing discussions around equipment managers’ and finance managers’ desires to invest in new technology.”Time to Invest In CAPEX “Companies over the past few years really have limited their capital expenditures due to uncertainty in the economy,” Belcastro continues. “The industry is at an inflection point where it no longer makes economic sense to continue to invest in old or outdated equipment, which is helping to fuel the equipment [financing] market.” Financing Alternative for Private Equity Firms Private equity firms looking for financing can utilize equipment financing, Belcastro says, since “it gives them different financing alternatives to better structure a leveraged buyout transaction or financing for their various portfolio companies.” To hear the complete podcast and view the transcript, visit: cit.com/podcastbelcastro EDITOR’S NOTE: Individuals interested in receiving corporate news releases can register at cit.com/newsalerts or subscribe to the RSS feed at cit.com/rss. About CIT Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $34 billion in finance and leasing assets. A member of the Fortune 500, it provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. CIT also operates CIT Bank, BankOnCIT.com, its primary bank subsidiary and an FDIC-insured online bank that offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com 1 EQUIPMENT LEASING AND FINANCING ASSOCIATION. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50183870&lang=en
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV