CIT Equipment Finance Reaches Financing Agreement with Sany America
CIT Equipment Finance has reached a financing arrangement with Sany America, a global manufacturer and seller of construction and material-handling equipment. CIT will be the preferred provider of financing for Sany, and offer rental fleet and retail financing solutions tailored to the specific needs of Sany resellers and customers.
“We’re pleased to have been selected by Sany America to support their growth initiatives,” said Nick Small, managing director of CIT Equipment Finance U.S. “We look forward to assisting Sany in making it easy and affordable for dealers to acquire equipment for their rental programs and for customers to finance their Sany purchases.”
“CIT provides a very compelling value proposition for our customers and partners,” added Eric Teague, senior vice president of Sany America.
Sany manufactures crawler, truck, rough-terrain and all-terrain cranes; concrete machines (concrete pumps, placing booms, mixer trucks and batching plants), port equipment (container reach stackers, empty-container handlers, heavy forklifts and gantry cranes), excavators, mining equipment, pile-driving machinery and wind turbines.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.