NEW YORK and IRVINE, CA — December 20, 2010 — CIT Group Inc., a leading provider of financing to
small businesses and middle market companies, today announced that it has established a
comprehensive factoring and financing relationship with Liquid Graphics, Inc., a high-end designer,
screen printer and producer of branded and private label apparel to the action sports and
entertainment industries.
The agreement provides for accounts receivable and inventory financing from CIT Trade
Finance, which will provide working capital to support Liquid Graphics growth plans.
“This transaction demonstrates CIT’s continued commitment to meeting the financing and
credit protection needs of small businesses in the apparel and action sports industries,” said
Mitch Cohen, Western Regional Manager of CIT Trade Finance. “Our retail industry expertise, client
service levels, and ability to provide comprehensive customer credit lines, continue to distinguish
CIT from its competition.”
Bryan Renner, CFO of Liquid Graphics, Inc., said, “We are excited to partner with the leading
factor in the U.S., as this relationship with CIT will provide us with financing and credit tools
to help us grow. By factoring with CIT, we will be able to maintain deeper inventory levels, which
will allow us to better serve our customers by responding even faster.”
Posted on January 4, 2011
Source: CIT Group
