First Citizens Bank Equipment Finance

First Citizens Bank Equipment Finance is the commercial equipment leasing and financing division of First Citizens Bank, N.A., a large regional bank headquartered in Raleigh, North Carolina. First Citizens BancShares grew significantly through the 2022 acquisition of CIT Group, which brought with it an established commercial equipment finance operation, previously known as CIT Equipment Finance.

Equipment financing allows businesses to acquire machinery, vehicles, technology and other physical assets needed for operations without paying the full cost upfront. By spreading payments over time through a loan or lease, businesses preserve working capital and can align equipment costs with the revenue those assets generate.

First Citizens Bank Equipment Finance offers both equipment loans and equipment leases. Loans transfer ownership to the business at the end of the term. Leases allow the business to use the equipment during the agreed period with end-of-term options that may include purchase, return or renewal.

First Citizens Bank serves businesses across a wide range of commercial industries. Its equipment finance division inherited significant expertise from the former CIT Group operation and can handle transactions ranging from smaller small business deals to larger commercial equipment financings.

First Citizens Bank has a broad national presence following the CIT Group acquisition, with particular strength in the Southeast and East Coast regions.

If you are considering First Citizens Bank Equipment Finance, compare the terms offered against independent equipment finance companies, other bank equipment divisions and any vendor financing available at the point of purchase. As always, getting multiple quotes ensures you are accessing the most competitive financing available for your specific equipment and credit profile.