Established in 1908, CIT Group is a commercial and consumer finance company that provides a variety of financing and leasing products and advisory services. The company has more than $50 billion in managed assets and serves more than 25 industries worldwide. It has expertise in the area of vendor financing, asset-based lending, small business administration loans, and equipment and transportation financing. The company has more than 7,000 employees worldwide. It offers acquisition financing services for various industries, including health care and entertainment industries. Additionally, the company provides equity financing services for capital markets. CIT Group is located in New York City.