The USA’s largest provider of factoring, CIT Commercial Services, has further strengthened its position in the apparel e-commerce area today by announcing a strategic alliance with BtoBapparel.com, an internet based business to business marketplace for the global apparel industry founded in the spring of this year. Under the new agreement, CIT will provide factoring and financing services to apparel buyers and sellers via BtoBapparel’s website, opening lines of credit to buyers and offering credit protection to sellers.
This is the third alliance this month that CIT has made with online business market providers which specialize in the textile and clothing industry.