2012 U.S. Equipment Financing Outlook Featured on CIT Podcast Series

With the equipment financing industry forecasted to grow 9% through 2012[1] now may be the time for companies to consider replacing outdated equipment. This topic is one of many discussed in CIT’s "2012 U.S. Equipment Financing Outlook," featuring Vince Belcastro, managing director and group head of CIT Capital Equipment Finance for CIT Group Inc., a leading provider of financing to small businesses and middle market companies.

The interview is the latest installment of CIT’s award-winning “5 Minute Capital” podcast series, featuring senior CIT executive commentary on current market conditions and industry trends.

Poised For Growth

According to Belcastro the equipment financing sector is poised for growth, commenting, “We’re seeing a great deal of opportunities now, and hearing discussions around equipment managers’ and finance managers’ desires to invest in new technology.”

Time to Invest In CAPEX

“Companies over the past few years really have limited their capital expenditures due to uncertainty in the economy,” Belcastro continues. “The industry is at an inflection point where it no longer makes economic sense to continue to invest in old or outdated equipment, which is helping to fuel the equipment [financing] market.”

Financing Alternative for Private Equity Firms

Private equity firms looking for financing can utilize equipment financing, Belcastro says, since “it gives them different financing alternatives to better structure a leveraged buyout transaction or financing for their various portfolio companies.”

[1] Equipment Leasing and Financing Association, January 9, 2012.

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