CIT Group Appoints Factoring Veteran for Southeastern Region

CIT Group Inc. announced today the appointment of Jerry Younts, a factoring veteran, to its Commercial Services team.

According to Textile World, Younts will serve as Senior Business Development Officer. He will be responsible for offering factoring and asset-based financing services to furniture, textile, and floor covering manufacturers, among others, mostly in the Southeastern United States.

“CIT is continuing to build a best-in-class team to provide factoring and other financing options to Southeastern manufacturers and importers,” said Mike Hudgens, Southeast regional manager for CIT’s Commercial Services group. “We are pleased to welcome Jerry to our lineup of experts.”

The New York City-based public company also has a corporate office in Livingston, NJ and provides an array of financing alternatives including SBA loans and Syndicated loans.

Prior to CIT, Younts worked most recently as Senior Vice president at BB&T Commercial Finance in its factoring group. Before that, he was Senior Vice President at AdvanedAR, a Charlotte, NC-based AR company.

Todd Stone was a reporter for deBanked.