Summary
Jittery Inland Empire business owners who have credit lines with CIT Group Inc. are reassessing their financial options after the mega commercial lender filed for bankruptcy this week.
"(CIT borrowers) should at least be aware where their credit is from," said Vincent McCoy, director of Inland Empire Small Business Development Center. "CIT has done deals that others might not have done. CIT was fairly aggressive."See the full content of this document
Extract
Can Cit Hang On?
Now it's up to a bankruptcy judge how CIT should reorganize its troubled assets under Chapter 11 proceeding...
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