CIT Group, Inc. - Company Profile

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CIT Group, Inc. - Equipment Leases, Commercial Loans, Factoring

(973) 740-5000

1 CIT Drive

Livingston, New Jersey 07039

www.cit.com

Sales

$4.6 billion

Business Description

CIT Group Inc., a Delaware corporation, is
a leading global commercial and consumer finance company. Founded in 1908, we
provide financing and leasing capital for companies in a wide variety of
industries, including many of today's leading industries and emerging
businesses. We offer vendor, equipment leasing, commercial loans, factoring,

consumer and structured financing products.

Business Segments

We conduct our operations through five strategic business units that
market products and services that satisfy the financing needs of specific
customers, industries, vendors/manufacturers, and markets. During 2003, our
segment reporting was modified and prior periods restated to reflect Equipment
Finance and Capital Finance as separate segments. Previously, these two
strategic business units were combined in the Equipment Financing and Leasing
segment. This updated presentation is consistent with the reporting to
management and is intended to facilitate the analysis of our results by our
financial statement users. Our five business segments are as follows:

o Specialty Finance -- vendor programs, small-ticket commercial
lending and equipment leasing, consumer home equity lending and U.S. Small
Business Administration lending;

o Commercial Finance -- mid- to large-ticket asset-based lending,
factoring;

o Equipment Finance -- diversified, middle market equipment lending
and leasing;

o Capital Finance -- commercial aircraft and rail equipment leasing
and lending; and

o Structured Finance -- advisory services, including transaction
structuring, other specialized investment banking services and
project and other large ticket asset-based financing.