CIT Commercial Services, the USA’s largest provider of factoring, has today announced an agreement with Commfin, an internet portal that provides online trade finance solutions for business to business exchange participants.
These participants will receive access to accounts receivable discounting, factoring services and, in the near future, inventory financing via Commfin’s website (www.commfin.com).
The president of CIT Commercial Services, John F. Daly, has said “By partnering with Commfin, we are able to reach the growing universe of borrowers who are using the power of the web as a tool in their search for commercial financing.”
Commfin’s internet trade finance portal also provides net market participants with access to a consortium of financial providers with specific product expertise.
Source: Business Wire
BCR Comment
