CIT Commercial Services, the largest provider of factoring services in the USA, today announced an arrangement with TextilEdge, a leading e-commerce marketplace serving the global textile industry.
Using the internet, TextilEdge facilitates the procurement of finished garments and materials domestically and internationally. The new arrangement with CIT means that the traders in textiles and apparels will now have access to factoring and financing services via the TextilEdge website. This effectively means that CIT will issue credit to buyers to purchase goods on line, whilst providing credit protection to the sellers.
