Pros

The best thing that CIT Commercial Services has going for it is the sheer number of services they can offer businesses in addition to invoice factoring. Many companies that are interested in invoice factoring may also want to outsource other elements of their business, and CIT Commercial services has the capacity to allow them to do that. They don’t have any complaints or negative reviews with the BBB, which is a positive sign for many customers. Moreover, CIT Commercial Services offers a number of invoice factoring solutions that work for different industries. The industries that they focus on include apparel, furniture, footwear, and home furnishings. They do offer a mobile app for their customers which provides enhanced functionality when your business takes you away from the office.

Cons

The biggest issue we could find with CIT Commercial Services was a lack of pricing transparency. We couldn’t find information on their base discount rates, or information related to their fee structure. This can be a problem for merchants who don’t trust sales reps to be completely upfront about how much they will wind up paying over the course of a contract. Another issue we found is that in order to get the best discount rates, customers will have to use recourse invoice factoring, which means that they will be responsible for buying back any invoices that CIT has problems collecting.