Epson and CIT Partner to Provide Streamlined Financing Options for Commercial Customers

LONG BEACH, Calif. and PORTSMOUTH, N.H. – Jan. 19, 2018 – Epson America, a global leader in printing technology, and CIT Direct Capital, the national digital small business lending unit of CIT Group, today announced a partnership to offer financing for commercial and digital print customers. This partnership will allow CIT Direct Capital to provide Epson dealers, channel partners, resellers, and customers a primary source of financing through a single point of contact. This will simplify Epson’s financing process by streamlining communication between equipment manufacturers, dealers and funding sources, creating a more straightforward customer experience.

The Imprinted Sportswear Show (ISS) Long Beach, the decorated apparel expo and conference, marks the commencement of an Epson and CIT Direct Capital leasing program. Both Epson (booth #1949) and CIT Direct Capital (booth #2530) will be exhibiting at ISS Long Beach from Jan. 19-21, 2018.

“CIT is pleased to provide Epson dealers with a single online finance solution that enhances the customer experience,” said Mark Boyer, vice president of business development, CIT Direct Capital. “By maximizing efficiency and providing greater transparency on transactions, dealers can focus more attention on their clients and business objectives.”

The partnership allows Epson dealers the capability to provide a uniform online finance option through CIT Direct Capital, delivering better insight into the sales pipeline and increased transparency on transactions. Financing through CIT Direct Capital is a tech-enabled process, allowing customers to apply online in minutes and often get approvals within seconds. This approach makes it easy for customers to determine product availability and cash flow, freeing them to focus on daily tasks and meeting client needs.

“Epson strives to provide our customers with every avenue to success and provide support on all aspects of the purchase, from selecting the equipment, purchasing, maintenance, and warranty,” said Mark Mathews, vice president, Epson America, Inc. “Partnering with CIT Direct Capital provides the ability for Epson to offer a variety of acquisition methods to our customers, ensuring they can select the method that best fits their financial and business needs.”

About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Sept. 30, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information visit cit.com.

About Epson

Epson is a global technology leader dedicated to connecting people, things and information with its original efficient, compact and precision technologies. With a lineup that ranges from inkjet printers and digital printing systems to 3LCD projectors, smart glasses, sensing systems and industrial robots, the company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics.

Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 80,000 employees in 86 companies around the world, and is proud of its contributions to the communities in which it operates and its ongoing efforts to reduce environmental impacts.

Other Point of Sale News