Our Point of View blog offers industry insights into trends in the small business, middle market and transportation sectors by CIT executives.
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For consumer electronics startups, there are 3 factors that will increase the odds of a breakthrough, but
only if you can get beyond the notion that market success is based on
technology innovation alone.
Investing in CDs for retirement is generally considered a safe, low-risk option for people of any age, but for investors over 50, where stability outweighs risk, they can be especially attractive.
Middle market companies are an interesting breed. While less talked about than small and large cap businesses, they are the market that moves America.
With e-commerce becoming increasingly prevalent, social shaking things up and brick-and-mortar-focused retailers stepping up their online game, 2017 will prove to be an interesting year for retail.
The world of volunteerism is being injected with new ideas and activities that are moving the philanthropic sector beyond its traditional roots. Here are some of the latest trends in corporate volunteerism.
If you're planning a vacation and you're like most people, you'll probably put your biggest costs, such as transportation and hotels, on a credit card. In 2014, 32 percent of Americans who took vacations did just that.
Resolving retailer issues could become a consistent pursuit that can put a crimp in your cash flow, impede your operation and ruin a perfectly harmonious retailer relationship. So what do you do to preserve and protect that carefully crafted retail relationship and still get paid as quickly as possible?
Less than a quarter of consumer electronics vendors avail themselves of the services of an outside credit checking company.
Despite high growth rates in the early 2000s, advanced imaging utilization slowed considerably between 2006 and 2013, falling from $13.8 billion to $9.6 billion.
Every six months nearly 75,000 people travel to High Point, North Carolina to see, touch and feel the next big thing in home furnishings.
What makes a company "middle market"? That depends on who you ask.
Has one of your retailer buyers gone bankrupt? Credit insurance can help salvage some of your loss, but there's a better option.
Having a sound, strategic growth plan and a track record of operational success can help owner-operators to secure the financing needed for expansion.
While more than 70% of Americans say that having more women in leadership positions would have a significant impact on issues like the wage gap, policy change and diversity, companies are still slow to hire them. Here are five facts about women in leadership that may surprise you.
As a CIO there are a number of considerations that should be kept in mind as cloud becomes the new normal in computing infrastructure.
Outsourcing your accounts receivable management can give you more time to focus on developing and selling cutting-edge products.
The 5 year extension of the Production Tax Credit (PTC) has been the most significant stimulus policy the wind industry has seen in several years.
For prospective operators who want a slice of the industry, there are expectations that go beyond menu items and counter service.
The core 2016 back-to-school shopping season gave way to some interesting purchasing trends.
For most businesses getting the equipment needed to remain competitive while maintaining the capital necessary to keep the doors open is a balancing act.
The U.K. vote to secede from the E.U. had an immediate impact on U.S. mortgage rates. A 30-year fixed-rate mortgage now hovers around 3.25%, a record 3-year low. If you considered refinancing your mortgage, now might be the time to lock in low rates.
Recent data shows renewable energy production is on the rise, accounting for 10% of total U.S. energy consumption and about 13% of electricity generation.
In response to increased cybersecurity concerns, the fiscal 2017 Department of Defense budget will include a 15% spending increase for cyber operations.
Ample sources of capital, very low cap rates and high valuations have set the stage for commercial real estate in 2016, but the impact of coming regulations is yet to be factored in.
The retail industry is going through a form of evolution, maybe even a revolution. E-commerce has changed the way retailers sell and what they invest in to grow their business.
Landing shelf space at a major retailer can be daunting; however, the upside for your business can be tremendous. Here are 3 critical factors to take into account before you begin.
A hacking attack into payment procedures is a nightmare scenario for any business. By taking over accounts, a cyber criminal can order virtual transfers and literally erase cash from a company's accounts.
So you need financing for your restaurants? Beyond the broad economic conditions, multiple factors weigh into the lender's credit decision. Here are 7 to consider.
The outlook for the healthcare industry remains challenging in part to uncertainty over the upcoming presidential election and the continued changes from the ACA. Despite this, private equity investors are still attracted to many opportunities.
The 2016 CIT Healthcare Outlook found that healthcare executives have a relatively positive view, with 71% expecting their revenues to increase this year and more than half planning to seek financing in the next 12 months.
Many commercial real estate executives see solid prospects for the sector, with 52% indicating that they believe that their segment of the market is either strong or very strong, and 71% say adequate capital is available for investment.
Saving money doesn't have to mean doing without. Consider these strategies, tips and tweaks for keeping more of your hard-earned money without compromising your lifestyle.
It's said of corporate citizenship efforts that it's important for a company to "do well" in its business while "doing good" in the community. We've found that, when it comes to employee volunteering, these two ideals are one and the same.
The 2016 High Point Market was all-in-all a good market. Overall, traffic at the market seemed light, but the important customers were there and buying. In fact, one of our clients said it was "the best market we have ever had."
A robust point-of-sale (POS) system is virtually essential for every modern multi-unit restaurant chain. These valuable tools give everyone from the store manager to the corporate headquarters a unit-level view of sales and costs.
The building boom seems stronger than ever, but recently revised regulations and increased scrutiny around loans are changing how-and if-these deals are done.
We share some best practices at CIT as part of our employee volunteering program, which this year celebrates its 10-year anniversary, so you can consider implementing them in your new or existing volunteer program.
Despite the move to digitization, printing still reigns as an essential office function. however, most companies have limited insight into the complexities of their document infrastructure.
Try as they might, many find it difficult to save consistently. Monthly bills, needs and indulgences seem to absorb every dollar. When an unexpected expense arises, people realize they should've been saving all along.
A generation shift in technology is spawning the twin-aisle evolution. In this decade, eight twin-aisle types will enter into service. Both new and used aircraft types are creating opportunities for airlines to evolve their business model.
In order to reach your savings goals, knowing what savings options are available and whether they suit you is critical. But first you need to consider your goals, your timing, and your need for liquidity.
Large markets in Asia, such as China and Indonesia, were big contributors to business aircraft order books. However, with the recent economic slowdown in the Far East, it's likely that this rosy picture will not return for some time.
It feels like you just purchased the last round of laptops for your students, but their hardware is already drifting out of date. It's only been a few years, but it looks like another large purchase order is ahead. How to manage this expense?
L.A.'s fashion industry continues to play a crucial role in the city's economy, according to the 2016 "Los Angeles Area Fashion Industry Profile," commissioned by CIT and the California Fashion Association (CFA).
Once you've set up an Individual Retirement Account, it's important to know when you should - and shouldn't - take money out of it.
Las Vegas Market is the leading furniture, home décor and gift market in the Western United States and is becoming the nation's premier bedding market.
In the retail and apparel sector, we see headwinds in the broader economy affecting retail sales: slow wage growth, mixed improvement in real estate, inflation in food prices, healthcare and education offset by lower power costs.
Those who focus on environmental risk are tracking several trends in environmental regulation in the U.S. Here are the top 5 trends for 2016.
Conventional wisdom holds that springtime is tax season, but effective tax planning is a year-round activity. There's never a bad time to take steps to minimize your tax bill and keep more of what you earn. Consider these tax-saving tips.
On Tuesday night, President Obama delivered his final State of the Union address to Congress, emphasizing his administration's greatest accomplishments of the last 8 years and the challenges facing the nation.
Millennials grow in importance for the U.S. economy, and retail is no exception. Millennials want to be able to shop whenever, wherever and have a seamless experience switching between brick-and-mortar, web and mobile purchases.
If you're shopping for a new savings partner, you may feel overwhelmed by the vast array of brands, claims, products, and offers. With nearly 900 FDIC-insured savings institutions in the marketplace today...
When you think about the the economy, do you look at government data or do you think about how you, your friends and your family are faring in the current climate? For most people it's the latter, and executives are no different.
At one time Black Friday was all the rage. Retailers would prepare themselves for early store openings and flash sales. With the increase in online shopping, many now consider Cyber Monday the crown jewel of holiday shopping.
Like many other sectors of retail, furniture stores are consolidating. Even still, from my perspective, the 2015 Fall High Point Market was a success.
Nearly 13 million U.S. consumers were victimized by identity thieves at a cost of $16 billion in 2014. Hackers, phishers, snoops and other fraudsters are working overtime to devise new scams and ploys-but you don't have to be a victim.
We have an interesting situation right now in the international shipping market because we see some sectors of the market doing really well while others are performing poorly. It's definitely a mixed bag and here's why…
Regulated banks are taking a prudent approach to deals and some business development companies (BDCs) possibly suffering a little from the equity markets.
From automotive factories to 3D printing startups, American manufacturing is an extremely diverse industry. With the price tag for logistics growing, here's what can lower costs and help manufacturers be more competitive.
Actions by Chinese authorities resulted in RMB depreciation vs the USD by about 4%. Although this prompted a cry from many political corners in the US, the USD has strengthened against most major currencies over the past year.
The market is saturated with capital equipment investment dollars from lenders that don't have expertise in the sectors in which they're lending. Here are things businesses should take into account when choosing finance partners.
According to the 2015 Aerospace Outlook conducted by CIT, aerospace executives are optimistic about the short-term prospects of their industry, but looming interest rate hikes and fuel price volatility are compelling them to act.
Over the course of our lives, we spend approximately 25 of our precious years asleep. So it should come as no surprise that the mattress industry is one of the best performing sectors in the furniture industry.
Globally, we've witnessed dozens of disasters in the first eight months of 2015 alone. In addition to critical government support, now more than ever, corporate social responsibility makes a difference in aiding disaster relief.
Congress has shown an uptick in productivity as compared to its immediate predecessors.
The recent decline in oil prices has affected dozens of support industries that provide services used in producing oil and natural gas. Nevertheless, long-term demand for helicopters continues to grow.
It's time for back-to-school shopping, followed by Halloween, Thanksgiving, Black Friday, Small Business Saturday, Cyber Monday and year-end holidays like Christmas. With these events on the horizon, I get asked what's trending in retail.
While moderate and conservative companies cautiously rely on their own resources, the more ambitious mid-sized companies are willing to take on more risk to pursue greater rewards.
Unlike school, the workplace doesn't have a summer break, and with the summer in full swing and colleagues' vacations abounding, staying focused at work can prove to be difficult.
CIT colleagues have made extraordinary efforts to help end hunger in the communities in which we live and work. Now, for the third year, CIT is letting everyone join in - starting this week, we've launched the 2015 CIT Foodortunity Contest.
In real estate, location is everything. Developers and investors know that a carefully selected address can help property maintain value and withstand hiccups in economic cycles. This extends to commercial real estate lenders.
The business aviation sector in China is new. Private aircraft ownership wasn't legal until 2003. But, by the end of 2009, Chinese officials welcomed foreign investment in business aviation while praising private jet ownership.
Pricing and leverage will most always find proper levels. From the perspective of buyers of loans, there's good value at the current pricing because the risk levels aren't excessive. From an issuers' perspective, the pricing is reasonable.
Millennials have been labeled picky and pesky by some, considered disruptors by most. One thing we know for certain is that their aptitude for all things digital and mobile is shaking up industries to the point where they define them.
Until recently, affordable small-scale residential solar batteries have been the missing link in power storage, however, that's all about to change.
Global mobile data traffic grew 69% in 2014, which made last year's mobile data traffic nearly 30 times the size of the entire global Internet in 2000. Almost half a billion mobile devices and connections were added in 2014.
Since the Great Recession, many middle market companies have been waiting for demand to come back before they refresh their equipment and expand their facilities.
Oil and gas serve as the building blocks for many of the products we use in our daily lives, whether it's the gas we put in our cars, or the fuel in the tanks hooked up to our grills.
There's a demographic shift underway in healthcare. Baby Boomers are driving the demand for special services such as senior housing, assisted living and skilled nursing, and we're seeing increased consolidation in the industry.
The widespread impact from the labor dispute at West Coast ports earlier this year is still rippling through the U.S. economy, with many companies having trouble securing much-needed supplies on time.
In early 2014, a small team of international programmers created Popcorn Time, an app that enables free online streaming of movies and television shows.
Once again, it's a very good time to be in the furniture business. High Point hosts the largest furnishings industry trade show in the world, bringing more than 75,000 people to the area.
Millennials account for 92 million people that are entering peak spending and home-buying years (ages 25 to 45). The problem is that many millennials aren't sold on the idea of buying a home.
The much-publicized Big Data mining of unstructured information from social media posts may be useful in drawing conclusions to measure and predict trends in consumer awareness and public opinion.
If a private equity fund's ultimate goal is to exit its investments at the highest Internal Rate of Return, then 2014 was the year of the "egress."According to the Private Equity Growth Capital Council, U.S. private equity exit volume increased 35% to $257 billion in 2014 - pushing 2014 exit volume to the highest level ever.While we can expect 2015 to be a bit more restrained, conditions for deals to be transacted are still ripe.
In my line of work, I've often heard the phrase, 'There's a lack of finance for business jets in Africa.' But is there any truth in that perception, and should we and the industry in general be concerned?
The decline in the price of oil has dominated the news over the last few months. Oil is trading at about a 50% reduction of where it's recently been. But what does it mean for related businesses that support the industry?
According to a recent article in Nation's Restaurant News, a potent mixture of excess capital and demand for borrowing has investors taking a hard look at the foodservice industry.
Historically, the middle market has been attractive to private equity firms looking to develop size and scale. For many, investing in the middle market has provided very satisfactory credit outcomes for the risk/reward profile.
The U.S. and regional West Coast economies rely heavily on trade through our West Coast ports. Retailers are now assessing the financial damage to their brands following the port shutdown and tentative resolution of work.
When it comes to savings, having access to your money is just as important as earning high interest rates. Unfortunately, striking a balance between the two can often be a challenge.
The long awaited recovery of business jet deliveries in North America, which is by far the largest market in the world, now seems to be taking place and the outlook for the sector in 2015 is good.
In recent years, we've seen restaurants pop up around various concepts - from big-box Asian to farm fresh, cupcakes and froyo to blackened everything and bacon-infused anything.
According to NBC Sports, the Super Bowl XLIX championship game between the Seattle Seahawks and the New England Patriots was the most watched Super Bowl in history with approximately 114.5 million viewers.
Merriam-Webster defines philanthropy as the practice of giving money & time to help make life better for other people. In 2013, Americans gave $335.17 billion & corporate giving was $16.76 billion.
The anesthesiology market is $19 billion, yet the largest practices account for only a small percentage (<5%). Private equity sponsors realize this presents opportunities to build platforms and grow through strategic acquisitions.
There's no denying the slow global economic recovery has impacted the overall shipping industry. Nonetheless, certain segments are performing better than others.
The 114th Congress convened against the backdrop of a new Republican majority in the Senate. The last two years of the Obama Administration also marks the start of the next presidential election cycle & the potential for change continues.
The growing acceptance of e-commerce among the American consumer has affected the U.S. economy - from retail and energy to transportation and commercial real estate - where fulfillment centers are the linchpin behind its success.
Black Friday, Small Business Saturday and Cyber Monday have come and gone. The question now is what retail insights and trends can we glean from what's become a frenzied time in the retail sector?